$SHIB $PEPE DOGE and SHIB Prices Surge 100% Post-Halving?
The post Memecoin Rally Halts! Can DOGE And SHIB Prices Surge 100% Post-Halving? appeared
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After displaying a bearish price action for over a week, the memecoin category has recorded a positive uptrend of approximately 7% in its valuation within the past 24 hours, indicating a decrease in the selling pressure within the cryptocurrency market.
The top 5 memecoins have recorded corrections of over 20% each to their respective portfolio. The memecoin leaders, Dogecoin and Shiba Inu have lost 20.08% and 18.89% over the past week. Moreover, WIF, PEPE, and BONK have lost 24.54%, 26.63%, and 26.08% in valuation.
Dogecoin Price Continues To Display A Consolidated Price Action:
The memecoin leader, Dogecoin price, started in 2024 by displaying a neutral trend as the token traded in a closed range between $0.065 and $0.086 for the first two months. As the volatility in the market grew, the price surged over 117% before facing rejection at its upper resistance level.
TradingView: DOGE/USDT