The crypto market could be about to catch fire. When it does, the memecoins are going to be in the vanguard of this next, potentially explosive move to the upside. Top memecoins $DOGE, $SHIB, and $PEPE are likely to be among the frontrunners.
$DOGE confirms breakout
Source: TradingView
The short-term chart for $DOGE shows that the price has gotten above the descending trendline, and has just confirmed this break. The Stochastic RSI has just crossed up signalling some short-term upside price momentum, and it looks as though the series of higher highs and higher lows could be set to continue. $0.18 is the first target for this move.
Next $DOGE move could be explosive
Source: TradingView
The weekly time frame for $DOGE looks even better. The descending trendline can be seen to stretch all the way back to early December 2024, so a breakthrough here could be explosive. At the bottom of the chart, the Stochastic RSI indicators have just crossed up. This can signal the upside price momentum needed to send the $DOGE price much higher. Getting above the previous local high at $0.26 would leave the path open to the top of the last big swing high at $0.48.
$SHIB price arriving at top of ascending triangle
Source: TradingView
$SHIB is looking bullish on the short-term chart. An ascending trendline is forcing the price up and against a band of horizontal resistance, forming an ascending triangle pattern as it does so. Once the price breaks through the band of resistance, the target would be $0.000014.
$SHIB breakout is nigh
Source: TradingView
The weekly time frame for $SHIB reveals that the big breakout is very near - either this, or next week. As is the case for $DOGE, the Stochastic RSI indicators confirmed in a bullish cross-up, lending fuel to the coming breakout. All the horizontal resistance levels on the chart are likely to be breached, so the minimum target is $0.000017, with a decent chance of matching the last swing high at $0.000033 should this bull market switch into overdrive.
$PEPE breaks out of descending channel
Source: TradingView
$PEPE has recently broken out of a descending channel and the horizontal level at $0.00000917 is acting as solid support just below. This gives $PEPE bulls the base to start the next big climb higher. The next target levels are the resistance at $0.0000114, and the previous local high at $0.000016. Stochastic RSI indicators are crossing back up.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
