Last updated: 14.06.2024 – 20:19
Bulls and bears exhibit their dominance at frequent intervals and therefore most altcoins trade within a certain range. With this, dogecoin Some positive movements have been observed among leading meme coins such as Pepe and Pepe. This indicates that the meme coin sector may soon show positive price movement. Therefore, the next two weeks may be a period of preparation for the beginning of a strong rise in the early days of the second half of 2024.
Can Dogecoin (DOGE) Price Recover from This Region?
Dogecoin price lost momentum and broke away from the defining symmetrical triangle over this past weekend. After losing around 10% of its value, the price is trying to mitigate bearish forces by maintaining a near consolidation within a narrow range. However, the price fell towards a pullback support that was expected to trigger a bounce towards the profit zone.
The price is consolidating in a narrow range, but has yet to regain levels that would clear the bearish clouds on the crypto. Additionally, Bollinger bands have widened, indicating the weakness of the bulls while the strength of the bears remains dominant. Therefore, the price could drop another 10% to $0.12, which could trigger the next price move.
Will Pepe Coin (PEPE) Price Reach $0.000013 This Week?
short term trading, Pepe It shows that the price has gathered significant strength and can therefore continue a healthy rise to reach intermediate peaks. Technical data has turned bullish and therefore a significant uptrend may be observed soon.
After marking new highs, PEPE price faced a rejection, forming a falling wedge. On the other hand, the RSI failed to rise and stay above the average bands, indicating a decline in bullish strength. However, the RSI has initiated a bullish trend and it may test the upper resistance at $0.000013 in the next few hours. If the bulls manage to break the upper resistance of the RSI, PEPE price may move higher.
