Cryptocurrency analyst Cred, in his recent post, said that Dogecoin is a rival. PEPE rising sentiment in price shared. According to the analyst, the meme coin price is ready to move to a new peak despite the correction experienced last month.
“PEPE remains one of the strongest assets. It is ahead of its competitors based on the price breaking out of its higher range (against Bonk and Doge, who are technically still testing their own resistance).”
Cred, who also reviewed Dogecoin, thinks the meme coin will lose momentum if it retests the immediate support of $0.147. At the time of writing, DOGE is trading at $0.162, which is very close to the analyst’s next breakout level.
“If you ask me, if it reaches support, it will be one of those situations where the graph will look quite ugly. So the options are to hope for low timeframe/shallow pullbacks or breakout follow-up.”
Finally, commenting on the meme coins BONK and dogwifhat, Cred says that BONK is on the rise as long as it is traded above the range midpoint of $ 0.000025. On the other hand, WIF is in the middle of a new uptrend that has been invalidated below $3.
“Strong from lows, high in local range. Shallow retreat and/or breakout moves may be preferred. “A pullback back to the lower range will be a difficult outlook.”
