The recent memecoin hype has led many investors to choose this area. During this process, the number of users in many ecosystems has increased, and many memecoin projects continue to experience notable rises. So, what is expected for DOGE, TON, and SHIB, which have received great interest from investors recently? We analyze with detailed chart analysis and important support and resistance levels.
Dogecoin Chart Analysis
Bulls did not allow Dogecoin to fall below the 20-day EMA average of $0.16, indicating that dips are being bought. The 20-day EMA average is flattening, and the RSI is near the midpoint, showing a balance between supply and demand. If buyers surpass the $0.18 resistance, the DOGE/USDT pair is likely to rise to $0.21.
Conversely, if the price falls and breaks below the moving averages, it will indicate that the bulls have given up. This could drop the price to $0.14 and keep the pair in the $0.12 to $0.17 range for a few more days.
TON Chart Analysis
Toncoin (TON) finds support at the moving averages, but bulls are struggling to initiate a strong recovery. Buyers will gain the upper hand if they hold and sustain the price above $6.73. If they succeed, the TON/USDT pair could start a rise towards the overall resistance of $7.67.
This is a key level that bears must defend because a break above it will signal the resumption of the uptrend. Bears will need to quickly pull the price below the $6 support to prevent the rise. The pair could drop to $5.50 and then to the strong support of $4.72.
Shiba Inu Chart Analysis
Shiba Inu broke above the symmetrical triangle formation on May 27, indicating that the uncertainty resolved in favor of the bulls. It started rising towards the 20-day EMA average of $0.000025, and the RSI is in the positive zone, signaling that bulls have the upper hand. There is minor resistance at $0.000030, but it is likely to be surpassed. The SHIB/USDT pair could then rise to $0.000033.
If the price retreats from the current level, it is likely to find support at the moving averages. Bears will need to pull the price below the support line to initiate a drop towards the 78.6% retracement level of $0.000017.
