The cryptocurrency market is in full recovery! Ethereum (ETH) has already accumulated +9% this week, surpassing $2,075 and boosting several altcoins and memecoins. Among the highlights, Dogecoin (DOGE) and PEPE show promising signs of trend reversal. Is more upward movement on the way?
DOGE breaks resistance and gains strength
Dogecoin ($DOGE ) managed to break out of a descending wedge pattern – a classic sign of a bullish trend! The breakout occurred around $0.1660, and the price has already risen to $0.1855. Now, if the positive movement continues, the next targets are:
✅ $0.20 – key resistance and 50-day Moving Average 📊
✅ $0.24 to $0.28 – possible advance up to the 100-day Moving Average 🚀
However, to maintain this upward trajectory, it is crucial that the support above $0.1660 remains strong. Otherwise, we may see a correction down to $0.15.
🐸 PEPE ready to follow DOGE?
Like DOGE, $PEPE has been following a descending wedge pattern since its all-time high of $0.000028 in December 2024. Recently, the token jumped from $0.0000052 to $0.0000078, approaching a crucial breakout point at the 50-day Moving Average.
If the breakout is confirmed, we may see $PEPE looking for:
📌 $0.000010 – first important target 🚀
📌 $0.00001475 – 200-day Moving Average and possible rally of +88% 😱
🔥 What to expect now?
With Ethereum (ETH) pulling the market up, memecoins may be on the verge of explosive new movements. DOGE has already taken the first step, and PEPE could be next! But what about you, do you think the rise will continue? Leave your opinion in the comments! ⬇️📊
Source: CoinsProbe
Warning: This content is not an investment recommendation. Do your own research and get well-informed before making any decisions.