The post Will DOGE & SHIB Lead the Rally or the PEPE or WIF Maintain Dominance? appeared on BitcoinEthereumNews.com.

Ever since the crypto markets gained strength and triggered a healthy upswing, the memecoins have ranged within no time. Of all the tokens, WIF, FLOKI, and BOME prices have been displaying acute strength, while PEPE and BONK follow the trend. On the other hand, Dogecoin (DOGE) & Shiba Inu (SHIB) seem to be waiting for a significant influx of buying volume, as both tokens have been lacking the required volatility. Here’s what to expect from the DOGE & SHIB prices during the year’s second half. Dogecoin (DOGE) Price Analysis Dogecoin has been trading under extremely bearish influence for over a couple of days, which had flipped during the start of the year. However, the bulls continue to influence the token, as the trend remains slightly hopeful until the quarterly close. The Bulls are trying hard to keep up above the crucial support-turned-resistance level at $0.1274. If the levels remain bullish for the next few hours, the DOGE price is believed to maintain a bullish trend for the rest of 2024.  The weekly chart suggests the token underwent a parabolic recovery and reclaimed the levels above $0.2. Although the price is experiencing a minor pullback, the bulls continue to hold some dominance, due to which the price is believed to reclaim the lost levels. The RSI has triggered a healthy rebound but it is yet to be validated.  Therefore, the DOGE price is believed to trigger a rise above $0.22 if the levels close the monthly trade above $0.1274 or else it may drop close to $0.1, followed by a bullish rebound above $0.2.  Shiba Inu (SHIB) Price Analysis The Shiba Inu price displays a huge possibility of a bearish reversal as the token continues to withstand constant upward pressure. The token is replicating a previous trend and if it happens,…

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Filed under: News - @ June 30, 2024 4:20 am