Meme cash resembling Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) recorded good points of seven% to 14% on Tuesday, signaling a possible reversal to the upside. DOGE and SHIB maintain regular after the bounce again whereas the frog-themed PEPE extends good points, signaling additional upside potential.
Dogecoin eyes additional good points towards an important resistance degree
Dogecoin holds above the 50-day Exponential Shifting Common (EMA) at $0.1433, following the 8% bounce on Tuesday. On the time of writing, DOGE approaches the $0.1500 psychological mark on Wednesday, following an 8% surge on yesterday.
The dog-themed meme coin might face resistance at $0.1568, a degree that capped good points in late November and earlier this month. If DOGE clears this degree, it might purpose for the 200-day EMA at $0.1786.
The technical indicators on the each day chart recommend elevated bullish curiosity within the meme coin. The Relative Power Index (RSI) at 59 holds between the midway line and the overbought zone, indicating elevated shopping for stress.
On the similar time, the Shifting Common Convergence Divergence (MACD) rises to keep away from converging with the sign line, indicating renewed bullish momentum.
If DOGE reverses from $0.1500, it might retest the $0.1332 help marked by the November 21 low.
Shiba Inu’s rebound faces headwinds
Shiba Inu edges decrease by 1% at press time on Wednesday, pulling again after the 7% rebound from the 50-day EMA at $0.00000838 on Tuesday. The meme coin struggles to achieve $0.00000924, a resistance degree that has held since late November.
If SHIB exceeds this degree, it might goal the 200-day EMA at $0.00001049.
Just like DOGE, the RSI is at 59, and the MACD is rebounding to keep away from a crossover with the sign line, signaling renewed shopping for stress.
On the draw back, if SHIB slips under the 50-day EMA at $0.00000838, it might take a look at the November 21 low at $0.00000755.
Pepe’s restoration inches towards the 200-day EMA
Pepe is up 2% at press time on Wednesday, extending the 14% good points from yesterday. The frog-themed meme coin is focusing on the 200-day EMA at $0.00000738 as its rapid resistance.
Corroborating the upside potential, the RSI at 66 rises towards the overbought zone whereas the MACD bounces off the sign line, extending the upward pattern.
On the flip aspect, the 50-day EMA at $0.00000537 stays an important help for PEPE.
