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๐ $DOGE , $SHIB & $PEPE Test Crucial Resistances โ Breakout Rally in Sight?
From Wednesday, Dogecoin gained over 6%, eyeing a short-term barrier level breakthrough.
Since mid-June, Shiba Inu has risen about 1%, reaching resistance.
A falling triangle pattern may break out when Pepe rises roughly 2% on Thursday.
As the market strengthens, meme coins are recovering quickly. Dogecoin (#DOGE ), Shiba Inu (#SHIB ), and Pepe (#PEPE ), the top three meme currencies by market cap, are approaching daily resistance levels.
Dogecoin expects further gains as momentum swings.
After rising 6.91% on Wednesday, Dogecoin forms a Doji candle at press time on Thursday, signaling indecision. Contrary market forces are fighting at short-term resistance at $0.1694, last touched on Sunday, causing intraday indecision.
Dogecoin might reach its June high at $0.2067 with a closing above this level.
A Doji or bearish candle on Thursday might boost DOGE's turnaround odds. It might retest Tuesday's bottom at $0.1567, undercutting Wednesday's bullish engulfing candle.
Shiba Inu faces a turning point.
Shiba Inu rose over 1% on Thursday, adding to its 5.45% gain from the day before. SHIB must break the $0.00001200 resistance level, tested on Wednesday and Sunday
A decisive closure above this level might continue the rebound to $0.00001335 on June 10.
Reversal from $0.00001200 resistance might test $0.00001121 support, last touched Tuesday.
At press time on Thursday, Pepe trades in the green by roughly 2%, maintaining above the $0.00001000 psychological support level. Meme coins move above a small resistance trendline linking the May 23 peak and June 10 close.
Trendline forms descending triangle with base support at $0.00000900. A closure above this trendline would trigger a descending triangle breakout rally. PEPE must break the $0.00001037 resistance level last hit Wednesday to continue the rally.
Pepe's breakthrough surge might reach $0.00001196, last touched June 8.
A negative close might send PEPE below $0.00000900, the basic support.