🚀 Meme Coin Trio Holds the Line — $DOGE , $SHIB , and $PEPE Stabilize at Key Support Levels
Recovery is likely as Dogecoin retests $0.22.
Shiba Inu price recovers after finding support around its 50-day EMA, suggesting temporary recovery.
Pepe momentum indicators show negative divergences, suggesting a trend reversal.
On Thursday, Dogecoin (DOGE) and Shiba Inu (SHIB) prices found support at critical levels, hoping for a short-term rebound. Pepe (PEPE) has a negative momentum divergence, suggesting a trend reversal.
Dogecoin may rebound if its 200-day EMA holds
This week, Dogecoin repeatedly retested and steadied around its 200-day EMA around $0.21. A major support level is $0.22, where the 200-day EMA matches daily support. After retesting this support level, it recovers modestly on Thursday.
Its 200-day EMA around $0.21 offers purchase possibilities for sideline investors.
DOGE might rebound 17% to retest its upper trendline boundary at $0.26 if the 200-day EMA holds.
Doge might drop to its next weekly support at $0.18 if it breaks and closes below its 200-day EMA at $0.21.
When Shiba Inu consolidates around crucial level, recovery is likely.
On Saturday, Shiba Inu price retested and found support around $0.0000141, consolidating around this level. With the daily support and broken downward trendline, the 50-day EMA is a critical support level.
Sideline investors searching for short-term buys might purchase at $0.0000145.
SHIB might fall to $0.0000127 if it closes below the $0.0000141 support level.
Pepe's momentum indications are feeble.
Last week, Pepe price rejected its daily level at $0.000016 and fell 12.19% till Sunday. The week began with a little recovery. PEPE then consolidated at $0.0000136 for three days. It rebounds marginally to $0.0000146 on Thursday.
Sell possibilities exist for sideline investors at $0.0000146.
Pepe might fall to its next daily support at $0.0000121 if it corrects. If selling continues below this level, it might fall below $0.0000107, its 100-day exponential moving average.
