Guys, to be honest, this wave of market activity has me both excited and anxious - the recent performance of the three classic meme coins is like a high-energy crypto blockbuster!
DOGE: The King Returns?
#狗狗币 Recently, its performance has been remarkable, with the price quietly reaching $0.21, directly breaking through the 200-day moving average that has been guarded for months. Once this key point is broken, it means the market may undergo a significant change.
More critically, the overall market sentiment is starting to turn positive, coupled with RSI breaking 70, indicating that bullish momentum remains strong. The next resistance level to watch is $0.25; seasoned traders know this price level hasn't been touched since early May. If Dogecoin can withstand the pressure from declining trading volume, perhaps this year we could witness a 'major breakthrough'.
I personally hold a cautiously optimistic attitude; after all, DOGE represents 'market sentiment', and once FOMO erupts, the hype energy is hard to resist.
SHIB: Bounce or Trap?
To be honest, $SHIB has been equally strong these days, rising to $0.0000143. However, it is facing similar key resistance as DOGE - the 200-day EMA. If it can't break through this point, it might become a 'bull trap'.
If it fails to break through successfully, the price is likely to fall back to around $0.000013, or even lower. The good news is that, according to the RSI indicator, although it is currently in the overbought zone (71), bullish momentum has not completely faded.
I personally believe that for SHIB to continue strengthening, the key is to turn $0.0000155 into a new support level; otherwise, this wave could repeat itself, leading to a situation where it opens high and closes low, ultimately fizzling out.
XRP: This is not just a rebound, it's more like a surge!
Compared to DOGE and SHIB, $XRP's rise has been a slaughter of shorts! It soared from $2.20 to over $3.20 with almost no pause. Simply put, this is not a simple increase; it's a rapid ascent.
Although RSI has climbed to the extreme overbought area of 85, you know that such technical indicators at this stage can only serve as reference; what truly drives the market is sentiment.
From the perspective of trading volume and patterns, this round of rising has solid structural support behind it, not just a simple 'for the fun of it'. As long as market sentiment remains active, XRP is expected to challenge $3.5-$3.8 or even higher, but the rapid rise also means that once it corrects, the pullback will be very fierce.
To summarize:
DOGE: Form breakout coupled with a slightly optimistic market, $0.25 is the key point; a breakout would lead to a significant rise, while failure would result in consolidation.
SHIB: Still testing near the key resistance level; it is recommended to wait and see, focusing on whether it can hold above the 200-day moving average.
XRP: The upward momentum is the strongest, but the speed is too fast; caution is needed for high-level adjustment risks.
Every time there's a meme coin frenzy, there's always a wave of 'bag holders' left behind. Although the market is hot, I advise everyone: don't be the last one to charge; be the wise one who withdraws rationally.
Opportunities still exist, but they belong to those who are well-prepared, have clear strategies, and execute strongly.
