The price of Bitcoin has risen, giving markets a significant boost, and this is reflected in the memecoins. While the top altcoins are striving to gain some profits, memecoins like Shiba Inu, Pepe, Fartcoin, and others have started to rise sharply. These tokens have surged with a high margin, which increases the likelihood of a Memecoin mania.
Shiba Inu (SHIB) – Price Breakthrough – Targeting a 25% Increase
The price of Shiba Inu has been moving within a descending parallel channel since the beginning of the year. Bears maintained strong control over the rally, preventing bulls from breaking through the channel resistance. However, recently, the price broke out of the range, and technical indicators have turned bullish, suggesting the continuation of the bullish trend. The Supertrend has now turned bullish, indicating a massive change in the rally's trend. On the other hand, the RSI remains in an increasing pattern and has reached levels that haven't been tested since December 2024. It is expected that these levels will test the upper threshold, which could help strengthen buying pressure and push the RSI into overbought territory. Currently, the SHIB price is testing key resistance at $0.000015, and a breakthrough could push the price above $0.000018, setting the stage for a move towards $0.00002.
Pepe (PEPE) – Aiming to Surpass $0.000011
Similar to Shiba Inu, Pepe has not gained bullish attention since the beginning of the year, but this seems to have reversed after the latest recovery. The price of PEPE has been making higher highs and higher lows since bouncing off lows near $0.000005. The token is attempting to enter a bullish range, and therefore, the ongoing upward trend is expected to continue for some time.
Fartcoin (FARTCOIN) – Maintaining a Consolidated Uptrend Towards $1
As with PEPE, Fartcoin is expected to maintain its upward trend. The token is moving along a parabolic curve, which has served as strong support. The RSI is nearing the upper threshold, and if it manages to rise within the overbought level, the token could climb above $1. This could push the price further to $1.50 and increase the chances of reaching a new all-time high (ATH) near $3.
#memecoins , #SHIB , #crypto , #Fartcoin , #PEPE
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