Bitcoin (BTC) reached $68,900 on May 25, experiencing a relatively calm Saturday. Altcoins showed no significant volatility. Yesterday, there was a good opportunity for DOGE, and Elon Musk‘s post was timely. However, DOGE could not initiate a massive rally. So, what is the current status of meme coins in general?
Dogecoin (DOGE)
The largest meme coin by market cap, DOGE, experienced a historic day yesterday. Kabosu, the dog mascot of Dogecoin, was both very old and sick. Despite many fake death reports, the owner announced yesterday that Kabosu had passed away. Following the news of Dogecoin’s mascot’s death, Elon Musk made a post. Although DOGE rose above $0.17, it could not trigger a larger gain series.
Although $0.174 could not be surpassed, maintaining $0.166 is promising. A potential upward movement could continue to $0.18 and $0.197, then to $0.21. On the other hand, the main rally will start with the surpassing of $0.23, which could be the first big signal on the way to this bull peak.
SHIBA Coin Chart Analysis
For a long time, Shiba Coin price has been moving sideways with weak attempts. Despite the volatility in Bitcoin’s price, SHIB has not yet started the desired rise. $0.0000269 is the resistance that needs to be surpassed to complete the short-term boring movement. On the other hand, there is nothing exciting on the Shibarium front or new initiatives. This negatively affects SHIB’s interest.
PEPE Coin Price Prediction
PEPE Coin is a significant exception among other meme coins. It has not even given a chance for profit-taking from making ATH. The proportion of profitable investors is increasing daily, and the price is climbing to higher levels. Recently, it peaked at $0.0000158. It is located just above yesterday’s peak. We may see new attempts in the coming hours.
The significant downside risk could start with the loss of the $0.0000125 peak. In this scenario, we might see a drop to $0.0000089.
FLOKI Coin Analysis
Popular altcoin FLOKI recovered from $0.0002116 and is trying to surpass the $0.0002323 resistance. If it can surpass this level and turn $0.000267 into support, the long-term consolidation will finally end. This indicates that investors are moving for a new ATH.
