📈 Meme Coins in Beast Mode: $DOGE , $SHIB & $PEPE Bulls Set Sights on Massive Gains! 🐶💥
Dogecoin rises above 15% for the fourth day in a row.
Shiba Inu rises 10% to break the 200-day EMA, with bulls expecting more.
Pepe continues triangle breakout rise by over 8% amid Golden Cross.
As Bitcoin (#BTC ) rises beyond $120,000, meme currencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) continue their weekly gains on Friday.
#DOGE , #SHIB , and #PEPE lead the meme coin sector with $35.44 billion, $8.98 billion, and $5.85 billion market capitalizations.
Dogecoin bulls aim May 11's $0.2597 high. A positive closure over this level might extend the uptrend to $0.2867, the February 14 high.
Dogecoin's rebound boosts futures market confidence. CoinGlass data shows DOGE Open Interest (OI) rising 27% in 24 hours to $3.92 billion, the most since February 2.
Volume rose 39% to $12.97 billion in 24 hours. In the previous 24 hours, $31.49 million short positions were wiped out compared to $6.04 million long positions, indicating a bullish market.
Dogecoin might retest $0.2145, the May 17 daily close, if it loses momentum.
Shiba Inu is up 8% on Friday as meme coins gain popularity. SHIB's intraday gains exceed the 200-day EMA at $0.00001452, increasing this week's advances by roughly 18%.
SHIB approaches the $0.00001565 resistance level, last touched on May 23, after four bullish candles. A daily closure above this level might continue the bullish run to $0.00001734, last reached May 12.
Shiba Inu might retest the 200-day EMA at $0.00001452 if it reverses.
Pepe rises nearly 8% at press time on Friday, contradicting a 1.26% dip from Thursday to continue its climb. The meme currency is reaching a monthly high after a 45% increase in July.
The triangle breakout surge on the daily chart continues as Pepe breaks $0.00001362, the June 10 high. A definitive close above this level, unlike Wednesday's bullish failure, might extend the uptrend to $0.00001632, the May 23 high.
PEPE OI rose 6.31% in 24 hours to a record $787.51 million,
