A number of years in the past, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) dominated the memecoin market, all the time being in headlines. It’s not simply in regards to the buzz; these memecoin additionally carry out nicely, however then because the memecoin market floods with the brand new memecoins.
Dogecoin is the king of memecoins, having began the development of meme cryptocurrencies within the crypto area. Additionally it is endorsed by fashionable figures resembling Elon Musk, Snoop Dogg, and others. However, Shiba Inu is impressed by Doge and has gained great buzz. SHIB generated some hefty good points and made a fortune for its early traders. PEPE is named a dominator on account of its extraordinary efficiency and cult-like fanbase.
Nonetheless, in latest instances, these cash have struggled so much. Trying on the technical charts, DOGE hit its all-time excessive of $0.7376 4 years in the past on Might 8, 2021. Proper now it’s down by over 78% from its all-time excessive.
Shiba Inu hit an all-time excessive of $0.00001271 in bull run 2021, and at present it’s 87% down from its all-time excessive. PEPE hit an all-time excessive of $0.00002825 about 6 months in the past, and at present it’s down by 64% from its all-time excessive value.
So, the million-dollar query everyone is asking is, are these high memecoins lifeless? In case you have the identical query, you might be on the proper place. On this article, we’ll analyse DOGE, SHIB and PEPE and discover out whether or not it’s the finish of those memecoin or they may bounce again. So, with out losing extra time, let’s get began.
Dogecoin: The Memcoin Pioneer
On the day by day technical chart, DOGE value is buying and selling beneath the 50-day and 200-day EMA ranges, showcasing a bearish development. RSI is at 34.51 beneath the 14 SMA line, showcasing bearishness. The chart sample and indicators present that the Dogecoin value is within the management of sellers proper now.
At present, the value stands at $0.2095, which is a big drop in comparison with the highs of greater than $0.48 in December 2024. Since March, the OG memecoin has been in a particular downtrend as the value has been making decrease highs and decrease lows.
The technical association reveals a descending falling sample, the place the value retains on testing the horizontal help of round $0.14-$0.16 and is restricted by a falling trendline resistance.
The RSI is in a bearish zone reveals that it’s oversold, however not but in a powerful divergence, which implies that there’s nonetheless extra room to fall.
The latest failure to interrupt the resistance zone of $0.20-$0.18 reveals that promoting stress remains to be current. The essential help to observe is the essential one at $0.14, the place a break might fasten the autumn to $0.10. To show the momentum, DOGE should regain the $0.25 mark and transfer above the downward trendline in any restoration.
Shiba Inu: The Buzzing Star
SHIBA INU is buying and selling at a value of $0.00001142 and is on a downward development, having been rejected at increased resistance ranges. The technical chart reveals a definitive bearish development the place the value motion retains falling for the reason that December 2024 excessive of about $0.000033.
The 200-day and 50-day exponential shifting averages are the dynamic resistance, and the token is struggling beneath the important thing help ranges. The RSI worth of 34.65 is oversold, which suggests {that a} short-term rebound may very well be seen within the Shiba Inu value.
The short-term help is on the degree of $0.000010, and the resistance is at $0.000012 and $0.000015. If SHIB will get the consumers’ help, it might get better to the $0.00001269 mark. The bigger technical framework is, nonetheless, weak, and any lasting restoration above present resistance ranges will want an enormous inflow of quantity and a change in market sentiment.
PEPE: The Dominator
The PEPE day by day buying and selling chart reveals a memecoin that’s in a powerful downtrend after a December 2024 main rally. Nonetheless, after touching $0.00000522, PEPE confirmed a outstanding rebound, touching a excessive of $0.00001549. However consumers are unable to take care of the constructive momentum, and the value halted beneath the 50-day and 200-day EMA ranges.
On the time of writing PEPE value is buying and selling on the value of $0.00000999, and the value is falling constantly. The following help for the Pepe value is at $0.00000760 and $00000522. Furthermore, the 50-day EMA and 200-day EMA ranges are about to kind a bearish cross, which showcases extra bearishness.
The RSI is heading within the downward route at present at 39.57 beneath the 14 SMA line, showcasing overbought circumstances. If the value breaks the $0.00000760 degree, traders might witness additional draw back.
Remaining Ideas
It appears that evidently the historical past of DOGE, SHIB, and PEPE is a typical story of rise and fall, however its not the top. These memecoin kings who dominated the crypto kingdom are actually within the shadows, bloodied however not damaged. DOGE, the primary one which made a revolution, is 77% decrease than its crown. SHIB, the formidable competitor, has fallen by 87% off its throne. The ruler PEPE, licks its wounds after a 64% decline.
Nonetheless, there’s one other reality behind the bearish charts and oversold indicators. They aren’t mere tokens, however actions, with armies of believers who’ve already gone by means of storms. These OG memecoins should not lifeless but some analyst predict that these memecoins can be signal within the subsequent Altcoin Season and it right time to seize them. Nonetheless, proper now technicals are saying a special story. So climate these memecoin will comeback or not solely time will inform.
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