Can Main Memecoins Rebound After Market Correction – What's Next for Dogecoin, Shiba Inu & PEPE?
Major memecoins have taken a hit after a recent market downturn. Dogecoin, Shiba Inu, and PEPE stand at a crossroads, leaving investors curious about their next moves. Could these popular tokens make a surprising comeback? This article explores the potential for a rebound and identifies which coins might be poised for a fresh surge.
DOGE: Recent Pullbacks Amid 6-Month Bullish Surge
Recent price data shows a drop of about 4.38% over the past month contrasting with a strong 40.36% rise over the six-month period. The coin has experienced volatile movement in the short term while demonstrating considerable long-term strength. Price swings have marked this period with noticeable dips amid recovery, underscoring a mixed picture of short-term bearish pressure alongside sustained upward momentum.
Current trading sees DOGE moving between a range of $0.12 and $0.22. Immediate resistance appears at $0.28 and support at $0.08, with a second resistance near $0.38. Negative signals from the Awesome Oscillator and Momentum, coupled with an RSI at 43.59, suggest short-term bearish control. Traders should focus on these levels for breakout or reversal opportunities while monitoring the overall trend.
Shiba Inu Price Dynamics: Past Trends and Current Levels
Over the past month, Shiba Inu dipped slightly by 0.58%, while the last six months have seen a more significant decline of 32.85%. This reflects persistent downtrends that have affected investor sentiment. The gradual deterioration over a short period stands in contrast to the sharper long-term drop, suggesting steady bearish pressure with occasional slight recoveries.
Current trading is within a narrow range between $0.00001 and $0.00002, with immediate support at $0.00001 and resistance at $0.00002. The RSI at 45.90 and near-zero oscillator values indicate no clear trend, showing a balance between bulls and bears. Traders may find opportunities for short-term consolidation trading within these levels before larger price movements occur.
Pepe's Price Volatility and Key Trading Levels
Pepe experienced a gain of 7.51% over the past month but saw a decline of 31.38% over the last six months. The coin fluctuated between $0.0000052 and $0.0000092, showing a pattern of sharp rallies followed by long downturns. This price movement indicates a market sensitive to both short-term changes and larger corrections influenced by volume and trading activity.
Current prices are situated between $0.0000052 and $0.0000092, with immediate resistance at $0.0000112 and a higher level at $0.0000152. Support is noted at $0.0000032. Indicators suggest a slight bearish sentiment, with bears maintaining some control, although recent gains indicate buyer interest. Traders may look to buy near support levels and watch how prices react around resistance.
Conclusion
DOGE has shown resilience in past market corrections, suggesting potential for recovery. SHIB has a strong community backing, which may drive its rebound. PEPE is newer and more volatile but could attract attention if it maintains relevance and engagement. Long-term prospects for all three depend on their utility, adoption, and market sentiment. Patience and observation will be key in gauging their future performance.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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