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Reading: Shiba Inu and PEPE Coin Show Promising Signs for Price Recovery
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COINTURK NEWS > Meme Token > Shiba Inu and PEPE Coin Show Promising Signs for Price Recovery
Meme Token

Shiba Inu and PEPE Coin Show Promising Signs for Price Recovery

In Brief

  • Shiba Inu shows recovery signals despite significant previous losses.

  • PEPE coin has a potential upward formation but faces resistance challenges.

  • Whale activity and network engagement will influence both coins' price movements.

Fatih Uçar
Fatih Uçar 4 months ago
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Shiba Inu (SHIB) and PEPE coin are exhibiting signs of recovery, according to technical analysis. Both memecoins may experience significant price increases in the short term. Currently, Shiba Inu shows a buy signal on weekly charts, while a reverse head-and-shoulders pattern in PEPE coin reinforces its bullish potential. This article explores the potential price movements of both memecoins and the critical levels investors should watch.

Contents
Shiba Inu’s Recovery Signs: February 12 Price AnalysisPEPE Coin’s Exciting Technical Formation

Shiba Inu’s Recovery Signs: February 12 Price Analysis

Shiba Inu has lost 65% of its value since its peak in December 2024 but has now signaled a potential recovery on weekly charts. Crypto analyst Ali Martinez announced that the TD Sequential indicator has provided a buy signal for SHIB coin. This signal indicates that the price trend may reverse.

Shiba Inu (SHIB) February 12 Price Analysis

This indicator has yielded mixed results in previous instances. Martinez’s earlier prediction in December 2024 anticipated that SHIB price could reach $0.000026. Although the price rose to $0.000025, it did not fully meet the expected target. However, this recent signal is being closely monitored by investors.

Developments within the Shiba Inu ecosystem could also influence its price. Last week, Shiba Inu developers announced a collaboration with the UAE Ministry of Energy and Infrastructure. This collaboration could enhance Shiba Inu’s technological infrastructure and provide a new identity for the project.

PEPE Coin’s Exciting Technical Formation

PEPE coin shows a reverse head-and-shoulders pattern on its price chart, indicating a potential rise of 23%. Technical analysts highlight this pattern supports a price increase up to the $0.000012 level. However, for this potential rise to occur, PEPE must overcome its current resistance levels.

Whale movements play a significant role in shaping PEPE‘s price dynamics. In the last week, purchases by large investors decreased by 45%, while data over the past 30 days showed a 103% increase. This suggests that despite rising short-term purchases, long-term positions held by large investors are declining.

Moreover, a decrease in network activity is noteworthy. The number of new wallet addresses has decreased by 31%, and active wallet addresses have dropped by up to 50%. This indicates a weakening trading volume for PEPE and diminished market interest. Nevertheless, the support level at $0.000008 could be critical for the memecoin’s upward price movement.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 12 February, 2025 - 6:05 pm 12 February, 2025 - 6:05 pm
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