The post Traders Remain Bullish on Pepe (PEPE), While Dogecoin (DOGE) Price is Gaining Momentum—Here’s What’s Next! appeared first on Coinpedia Fintech News
The crypto markets displayed some stability during the weekend as the buyers are slowly gaining back the momentum. Moreover, it appeared that the ‘smart traders’ waited for the selling pressure to intensify, which triggered the panic sellers. With a decent rebound, the traders see huge bullish prospects for Pepe (PEPE), while Dogecoin (DOGE) prepares for a fine rebound. As the bullish sentiments have surged close to 90%, a 20% upswing is expected in their prices soon.
Dogecoin (DOGE) Price Analysis
The Dogecoin price has displayed huge strength as the bulls strongly defend the interim support at $0.3. This substantiates the bullish claim, which suggests the price is ready to leap beyond $0.4, which could pave the way for the popular memecoin to mark fresh yearly highs at $0.5. Meanwhile, bearish interference is expected in the short term, which could delay the progress of the rally, compelling the token to drop marginally by 7% to 8%.
The DOGE price chart suggests the bulls have awakened and have been extremely vigilant over the prevailing price action. As a result, they are preventing the price from dropping below the ascending trend line, keeping the rally stuck at 0.618 FIB at $0.3361. On the other hand, the volume has dropped to a large extent, reaching levels below the average and the DMI levels converge to a point. This suggests some uncertainty within the traders, which has kept the bulls on hold.
However, as long as the price trades above the support zone between $0.3035 & $0.3093, the rally remains within a bullish influence with higher chances of a rebound. Meanwhile, a rise above the resistance zone between $0.35 and $0.36 may attract buying pressure that could further raise the levels above $0.4.
Pepe (PEPE) Price Analysis
Pepe Price is testing the crucial support zone after the selling pressure continues to mount over the token. These levels have been a strong base ever since the token surged above the range in November 2024. Meanwhile, the current pullback appears to be the final pullback before the next bullish action. The technicals have reached the end of the consolidation and the volume is experiencing an extreme squeeze that usually follows a massive bullish rebound.
After a massive breakout, the PEPE price is consolidating and the parallel Bollinger bands are validating the claim. Meanwhile, the RSI has been forming consecutive lower highers and lows and could probably reach the lower support at 35 soon. These levels have been acting as a strong base for over 6 months and hence this may be considered the end of the bearish consolidation. Therefore, the PEPE price is expected to trigger an upswing after hitting the lower bands of Bollinger close to $0.000016.
The bullish sentiments over the PEPE price are close to 90%, which suggests the market participants are bullish over the memecoin regardless of the prevailing selling pressure. Hence, the price could maintain a healthy upswing and reach above the curical range.
