The meme market has seen a bullish surge over the past few weeks, coinciding with a slowdown in the altcoin and Bitcoin markets. It is worth noting that the return of Roaring Kitty sparked a bull run for GME, the SOL meme coin. Hence, investors are now curious about the upcoming price trend of other leading meme coins, including Dogecoin, Shiba Inu, and Pepe.
Dogecoin price analysis
Dogecoin turned lower and fell below the moving averages, indicating that its price may stay within the $0.12 to $0.15 range for a while. As of the time of writing, DOGE price is trading at $0.146, down over 1% over the past 24 hours.
The 20-day EMA ($0.15) and the RSI in negative territory indicate that the bearish move has the upper hand in the near term. DOGE/USDT could fall to $0.138 and then to $0.12.
A strong bounce from $0.12 suggests that the bulls are buying at lower levels. The next trend move will likely start with a breakout above $0.15 or below $0.12. Until then, random and volatile movement within the range may continue.
Shiba Inu price analysis
SHIB price fell from $0.000026, consolidating around the crucial level of $0.0000225. This level is crucial because it will likely see significant movement from both bulls and bears. As of writing, SHIB’s price is trading at $0.0000231, down over 2.2% in the past 24 hours.
If SHIB price breaks above the resistance channel, we could see a rally towards $0.00002898. However, the Bears will aggressively defend this level.
However, if SHIB falls below the current price level, it could head towards $0.00002 for a retest. A drop below this level could send the price towards $0.000012.
Baby price analysis
Pepe bounced off the support line and rose above the 20-day EMA ($0.000129), showing positive sentiment as traders buy on dips. However, downward movement is still active around the 23.6% Fib channel.
The bulls will try to push the price to the general resistance level at $0.000015, where strong selling by the bears is expected. If the bulls succeed, PEPE/USDT could start the next uptrend towards $0.000017.
However, if the price falls and breaks below the support line, it will invalidate the bullish pattern. The pair may then fall below $0.00001.
GameStop price analysis
In the past few hours, GME price fell due to selling pressure above the $0.02 mark. GME is currently trading at $0.0184, having fallen more than 5% over the past 24 hours.
The 20-day Exponential Moving Average (EMA) at $0.0182 is falling slightly, and the Relative Strength Index (RSI) is aiming to fall below its mid-line, suggesting that sellers have the upper hand. The GME/USDT pair may fall to the breakout point at $0.013, testing the patience of buyers.
However, this bearish outlook could change if the price rebounds and stabilizes above the EMA20 trend line. In such a scenario, the pair might reach $0.032 and aim for a new all-time high (ATH).