#TradersLeague

PEPE vs. SHIB - The Meme Coin Outlook Next Week!

The meme coin arena remains a hotbed of volatility, and the coming week for PEPE and SHIB will be no different.

PEPE: After a notable 17% weekly return on Sunday (around June 29-30), PEPE is currently softening slightly, struggling to decisively break overhead resistance. While a short-term bearish divergence exists, the MACD indicator shows a recent bullish cross, and the RSI is in a neutral zone. A strong push above $0.00001080 could see it target higher levels, but watch out for profit-taking if it fails to maintain momentum.

SHIB: Shiba Inu also gained 12% last week and has broken above a key descending trendline, suggesting a potential trend reversal. It's now eyeing the $0.00001200 resistance. While current momentum is lacking, a close above this level could lead to further recovery towards $0.00001252. Development in its ecosystem (Shibarium) could provide long-term catalysts.

Outlook: Both are at crucial crossroads. PEPE has the recent surge, but SHIB's trendline breakout could be a strong signal.

Watch for sustained volume on any breakout attempts for either coin on Binance!