Folks, to be honest, I feel both excited and nervous about this market — the recent trends of the three classic meme coins are simply like shooting a high-octane crypto blockbuster!
DOGE: The king returns?
#狗狗币 This wave is really strong, recently the price quietly climbed to 0.21 dollars, completely taking out the 200-day moving average. This is its 'life and death line' for the past few months; once it breaks through, it indicates a significant change in the market.
More importantly, the overall market sentiment is also starting to lean towards optimism. Coupled with the RSI breaking 70, it indicates that the bulls' fire is not yet extinguished. The next resistance level is 0.25 dollars; the veteran traders know that this level hasn't been reached since early May. If Dogecoin can withstand the pressure of declining trading volume, it might really achieve a 'major breakthrough' this year.
Personally, I am cautiously optimistic; after all, DOGE is the spokesperson for 'market sentiment.' Once FOMO kicks in, you cannot resist the power of speculation.
SHIB: Is this a rebound or a trap?
Honestly, $SHIB has also been unyielding in the past few days, rebounding to 0.0000143 dollars. But it is now facing the same 'critical point' as DOGE — the 200-day EMA resistance level. If this level cannot be broken, to put it bluntly, it may very well become a 'trap for the bulls.'
If the breakout fails, it is likely to retest around 0.000013, or even lower. However, the good news is that from the RSI indicator, although it is currently in the overbought zone (71), the bullish strength in the market has not yet been completely exhausted.
I personally think that for SHIB to continue to strengthen, it must establish 0.0000155 dollars as new support; otherwise, this wave will be like previous ones, opening high and closing low, leaving a mess.
XRP: This is not a rebound, it's a surge!
Compared to DOGE and SHIB, this wave of $XRP has completely wiped out the shorts! It soared from 2.20 to over 3.20 dollars without taking a breath. To put it plainly, it's not just rising, it's taking off.
Although the RSI has reached an extreme overbought level of 85, you know, at this stage, technical indicators can only serve as a reference because sentiment dominates everything.
From the trading volume and pattern, this rise has structural support, not just a simple 'for fun.' As long as market sentiment does not turn cold, XRP continuing to challenge 3.5-3.8 dollars or even higher is not impossible. It's just that the rise is too steep, and once a pullback occurs, it can be very fierce.
Summary:
DOGE: Pattern breakout + market optimism, 0.25 is an important threshold; if it breaks through, it will skyrocket; if it fails, it will consolidate.
SHIB: Still testing key levels, mainly observing to see if it can hold above the 200-day line.
XRP: The strongest, but rising too fast; be cautious of high-level pullback risks.
Every meme coin craze ultimately leaves behind a bunch of 'latecomers' to pick up the pieces. Although the market is currently booming, I advise everyone: don't be the last charger, be the smart exit.
There are still opportunities in the market, but they belong to those who are prepared, have plans, and execute effectively.
