PEPE and SHIB Show Diverging Signals — Which Leads Next?
Two popular meme coins are sending mixed messages in the market. Recent trends show PEPE and SHIB moving in opposite directions. This raises the question of which will take the lead next. The article reveals insights on the growth prospects for these intriguing cryptocurrency choices.
Pepe (PEPE) Eyes Recovery After Recent Slump
Source: tradingview
Pepe (PEPE) is currently trading between $0.000005240 and $0.000006795. This range shows a slight downturn, with the coin dropping over 8% in the past week. The current price sits below both the 10-day and 100-day moving averages. However, the monthly performance remains strong with a surge of almost 48%. The next resistance is at $0.000007795, while support can be found at around $0.000004685. If PEPE breaks past the nearest resistance, it might aim for the next at $0.000009350, marking potential gains over 36% from the lower end of the current range. Despite mixed recent performance, PEPE shows a possible path for growth if momentum picks up.
Shiba Inu Eyes Resistance as Price Holds Steady
Source: tradingview
Shiba Inu sits in a price range slightly below one ten-thousandth of a dollar. Its price steadied between $0.000007803 and $0.000009633, nearing resistance at $0.00001081. If it breaks past this level, it could rise nearly 13% to test the next resistance at $0.00001264. The current trends show mixed signals. The coin gained over 8% this month but dropped more than 41% in six months. With an RSI of 41.09, the coin isn't overbought, hinting at room for growth. However, support may kick in at $0.00000715, cushioning against drops. Shiba Inu's potential remains, but monitoring key levels will be crucial.
Conclusion
PEPE and SHIB are showing different trends. PEPE exhibits strong upward momentum, attracting new interest. In contrast, SHIB faces challenges and slower growth. The future of each depends on market dynamics and investor sentiment. Observing these signals will help determine which might lead next.
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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