DOGE, SHIB, WIF, PEPE: Meme Coins Price Analysis
- DOGE slipped from the $0.15 support but the coin might soon be oversold, and a bounce could be next.
- The 1.618 golden ratio suggested that SHIB could climb toward $0.000025.
- WIF might trade sideways but PEPE looked set to collapse to $0.0000064.
In the last seven days, most meme coins registered significant declines except for Pepe (PEPE) and Shiba Inu (SHIB). SHIB, which is now ranked 11th on the market cap standings, managed a 7.24% increase. For PEPE, its price rallied by 36.19%.
On the opposite side of the divide were dogwifhat (WIF) and Dogecoin (DOGE). While WIF’s price dropped by 6.38%, DOGE tumbled by almost the same ratio at 6.99% within the last week. Here’s an analysis of the factors that led to the performance, and an assessment of where the prices could go in the coming days.
Dogecoin (DOGE)
At press time, DOGE changed hands at $0.14. From the 4-hour chart, it was observed that bulls attempted to drive the coin past $0.16 on April 23 but a quick rejection at that point forced the price back.
As a result, DOGE lost hold of the $0.15 support. Furthermore, the Relative Strength Index (RSI) was down to 33.37, suggesting a solid bearish …
The post DOGE, SHIB, WIF, PEPE: Meme Coins Price Analysis appeared first on Coin Edition.
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DOGE, SHIB, WIF, PEPE: Meme Coins Price Analysis
- DOGE slipped from the $0.15 support but the coin might soon be oversold, and a bounce could be next.
- The 1.618 golden ratio suggested that SHIB could climb toward $0.000025.
- WIF might trade sideways but PEPE looked set to collapse to $0.0000064.
In the last seven days, most meme coins registered significant declines except for Pepe (PEPE) and Shiba Inu (SHIB). SHIB, which is now ranked 11th on the market cap standings, managed a 7.24% increase. For PEPE, its price rallied by 36.19%.
On the opposite side of the divide were dogwifhat (WIF) and Dogecoin (DOGE). While WIF’s price dropped by 6.38%, DOGE tumbled by almost the same ratio at 6.99% within the last week. Here’s an analysis of the factors that led to the performance, and an assessment of where the prices could go in the coming days.
Dogecoin (DOGE)
At press time, DOGE changed hands at $0.14. From the 4-hour chart, it was observed that bulls attempted to drive the coin past $0.16 on April 23 but a quick rejection at that point forced the price back.
As a result, DOGE lost hold of the $0.15 support. Furthermore, the Relative Strength Index (RSI) was down to 33.37, suggesting a solid bearish …
The post DOGE, SHIB, WIF, PEPE: Meme Coins Price Analysis appeared first on Coin Edition.
Read More