SHIB spearheads meme coin surge, trailed by PEPE and DOGE

• Shiba Inu (SHIB) experienced a bearish turn after failing to break resistance.
• PEPE’s market value decreased by 0.75%, indicating potential selling pressure.
• Bullish traders dominated DOGE, indicating potential extension of the upward trend.

The Shiba Inu experienced a bullish trend in the last 24 hours, which was halted when it failed to break past the intra-day high resistance of $0.000007247. This resulted in a bearish turn, causing the price to drop to an intra-day low of $0.000007143 before support was reestablished.

At the time of reporting, SHIB was valued at $0.000007187, marking a 0.35% decrease from its daily high. However, SHIB continues to demonstrate stability, maintaining close to its support level, indicating potential for a swift recovery.

The market capitalization of SHIB decreased by 0.35% to $4.24 billion, while its 24-hour trading volume experienced a 0.28% increase to $63.03 million. This suggests an increased level of activity and interest in the token. Despite the recent decline in price, the increase indicates a continued significant demand for SHIB, which could lead to a swift recovery.

Pepe (PEPE) Analysis

Pepe has also experienced a downward trajectory, with bullish momentum diminishing after encountering resistance at the intraday peak of $0.0000007316. As a result, bearish forces pushed the PEPE value to a 7-day trough of $0.0000006979. Should the bearish momentum decrease and the price drop below the $0.0000006979 support level, the subsequent support level to watch is approximately $0.0000006800.

Nonetheless, should the bulls regain dominance and drive the price beyond the resistance level of $0.0000007316, there’s a potential for a surge towards the subsequent resistance level of $0.0000007500.

Additionally, PEPE’s market value experienced a 0.75% decrease, dropping to $278.71 million, which could indicate potential selling pressure in the market. Conversely, the 24-hour trading volume saw a rise of 19.01%, reaching $45.67 million, suggesting that investors are prepared to engage in the market at these reduced prices, which could bolster the cryptocurrency.

Dogecoin (DOGE) Analysis

In the last 24 hours, bullish traders have dominated despite bearish attempts to push the price beneath the $0.06084 support level. The bulls promptly recovered, propelling the Dogecoin price to a 24-hour peak of $0.06134 before stabilizing approximately at the $0.061 mark.

The increasing momentum indicates significant buying interest in the market, implying a potential extension of the upward trend shortly. Furthermore, surpassing the resistance level of $0.06134 could lead to additional profits for Dogecoin, propelling the price towards the subsequent resistance level at $0.062.

During the bullish trend, DOGE’s market cap and 24-hour trading volume experienced a rise of 0.27% and 2.89%, respectively, reaching $864 billion and $112.78 million. This market cap and trading volume surge confirms the positive sentiment surrounding DOGE, indicating a growth in investor interest and assurance.

To sum up, notwithstanding recent challenges, cryptocurrencies such as SHIB, PEPE, and DOGE demonstrate the robustness and the possibility for recovery, driven by increasing market transactions and investor attention.