The post PEPE Breaks Out, Aims to Surge by 25%, While DOGE Consolidates at $0.1—Will Memecoin Mania Revamp in October? appeared on BitcoinEthereumNews.com.

The Fed rate cuts of 50 bps came as a huge surprise for the markets, as Bitcoin and other major cryptos witnessed a steep rise beyond their respective resistances. Besides, the memecoins have jumped into action, with POPCAT leading the rally. However, 2 popular memecoins recorded massive volumes of nearly $500 million each. While the PEPE price is about to trigger a 25% run, the Dogecoin (DOGE) price remains consolidated within a range.  What’s Next? Will the DOGE price rise above the extended consolidation and follow PEPE? PEPE price has broken out of range after a prolonged consolidation for nearly a couple of months. The token broke out of the decisive symmetrical triangle and is trying to clear the crucial resistance at the 50-day EMA. The bulls are trying hard to secure these levels, which is expected to push the prices beyond the crucial range at $0.00001.  The DMI underwent a bullish crossover during the previous day’s trade, which validated the beginning of a fresh bullish spell. The +Di is displaying some bearish divergence, which may be a matter of concern. However, the RSI remains elevated, which suggests the growing strength of the bulls. Hence, the PEPE price appears to be primed to test the crucial resistance at $0.00000925 and reach $0.00001 in the first few days of Q4. But what’s next with the DOGE price rally, which remains stuck around $0.1 without much volatility? The Dogecoin price just broke out from the falling wedge but has failed to set up a fine ascending trend. Although the RSI maintains a steep ascending trend, the DMI is yet to undergo a bullish crossover. Therefore, the price is expected to remain within the prevailing consolidation for some more time, followed by a breakout to $0.12. However, the bulls do not appear to…

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Filed under: News - @ September 20, 2024 6:20 am