The largest meme coins by market value did not see desired price increases during the recent BTC surge. We also did not see massive increases in altcoins in general. This was because investors viewed the latest attempts as traps. BTC has made several failed attempts, and this perception may not change unless the ATH of $73,777 is surpassed.
Shiba Coin (SHIB) Analysis
For 82 days, Shiba Coin price has been fluctuating within a 40% range. Those using this parallel channel for trading have made gains, but the expected breakout and rally have not started yet. SHIB price has repeatedly surpassed the $0.0000254 mid-range but faced sell-offs at the peak. It is now trying to surpass the mid-range again for a test at $0.000029.
The targets for Shiba Coin are clear: a close below $0.0000245 could test the bottom level, while above it, the top level could be tested. Investors’ apprehension is not unfounded, and the increasing number of meme coin alternatives negatively impacts Shiba Coin’s appeal. On the other hand, the Shiba Coin team has not shown the desired development.
Dogecoin (DOGE)
At the time of writing, DOGE price is at $0.161 and has barely moved compared to yesterday. Closes above $0.153 face resistance at $0.165. Despite being the largest meme coin by market value, investors have more alternatives that move with greater volatility than Dogecoin. This drives investors seeking easy money away from DOGE.
Downward targets are $0.137 and $0.116. On the other hand, if $0.18 is surpassed, the $0.23 resistance could reverse the long-term downtrend.
PEPE Coin Predictions
The popular altcoin attracted significant attention even in a low-volume environment last year. There were days when more than 10% of the total volume for all altcoins and BTC on all crypto exchanges flowed into PEPE Coin. This helped form a strong community. Bear market veterans found some relief with PEPE Coin, so they are not abandoning it now. They may continue to attempt new ATHs with closes above $0.00001410.
The target is $0.0000172, with levels of $0.000019 and $0.000020 above it. However, if sales accelerate, $0.0000116 could be tested.
