Meme Coins Recover, But Resistance Looms for Dogecoin, Shiba Inu, and Pepe
The meme coin market has seen a recent surge in activity, with Dogecoin, Shiba Inu, and Pepe all experiencing recoveries after recent selling pressure. According to a recent analysis, buyers have reclaimed key short-term moving averages for each token, giving them stronger control across their four-hour charts.
For Dogecoin, the next challenge lies at $9.63, which represents immediate Fibonacci resistance. A four-hour close above this barrier could strengthen bullish momentum, potentially leading to targets of $9.81, $9.99, and $10.25.
Shiba Inu, meanwhile, approaches $0.00000605, with buyers strengthening control above all tracked exponential moving averages. A decisive break above this level could confirm stronger continuation and push SHIB beyond its recent range.
Pepe has also recovered sharply from its recent decline, with a four-hour breakout above $0.00000460 potentially strengthening the current recovery and leading to targets of $0.00000475 to $0.00000480.