Cryptocurrency markets have seen a rise that brought back the longed-for days of bull markets in meme coins. These days, while there is strong interest in new meme coins in the Solana space, we have also seen rises in larger market cap altcoins like SHIB and DOGE.
Dogecoin (DOGE)
After surpassing the $0.18 resistance on March 14, the DOGE price was significantly affected by the latest BTC fluctuations. On March 15, the meme coin king fell back to the 20-day EMA ($0.15), feeling the absence of Elon Musk. The whimsical billionaire could have easily triggered new peaks above this resistance with just a few posts.
Looking at the current situation, weekends are usually known for their weak volumes and high volatility in surprise price movements. If the price at $0.164 experiences further declines in the coming hours, it could fall to $0.15 and then to $0.12.
Conversely, closings above $0.18 could bring the targets of $0.24 and $0.3 back into discussion.
Shiba Coin Commentary (SHIB)
Shiba Inu fell below the $0.000029 support on March 15 but quickly reclaimed this area. The effort of BTC to hold above $68,000 is stopping overselling for now, an important detail as we enter the weekend.
For the Shiba Coin rally to accelerate, the price needs to close above $0.000027-0.000029. If the bulls can remain strong, the $0.000039 resistance can be targeted. However, in the opposite scenario, a drop to $0.000023 and $0.000019 is possible.
WIF Coin Commentary
Bitcoin reached an all-time high of $73,777 this week, and the subsequent drop is considered normal. Moreover, even today, gains exceeding 5% in large market cap altcoins are noteworthy.
The issue is with speculative altcoins that have high volatility and investors are worried about being overinflated. The negativity experienced by cryptocurrencies like DOGE and SHIB is due to this. Looking at WIF Coin, while SOL Coin is targeting $200, it dropped to $2.71. For now, it has maintained this area as support, with the potential to target new highs above $3.44. On the other hand, if selling accelerates, $2.05 will be an important support level. The fact that the price has increased 15 times in 38 days (based on the current price) is a detail that cannot be ignored.
