Meme Coins Lose Steam 🐶🐸 – DOGE, SHIB & PEPE Extend Pullba
koinmilyoner
Updated at: 2 hours ago
{"content":"Meme Coins Lose Steam 🐶🐸 – DOGE, SHIB & PEPE Extend Pullback
Dogecoin starts its decline on Monday after falling 10% last week.
Below the 50-day EMA, Shiba Inu price risks a further fall.
Pepe price falls as momentum indicators flare bad.
On Monday, meme currencies Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) extended their losses following previous corrections. The technical outlook of these meme currencies suggests greater losses in the coming days.
DOGE Price Prediction: Losses Continue
Dogecoin price corrected at its daily resistance level of $0.311 on September 13 and fell 8% over the following two days, reaching support around $0.256. DOGE rebounded marginally but fell 6.20% last week. Starting Monday, it is down 10% and trading below $0.239.
DOGE may continue to decline below its next daily support at $0.200 if it closes below its 50-day Exponential Moving Average (EMA) at $0.238.
DOGE may rebound to the daily resistance level at $0.311 if it finds support around the 50-day EMA at $0.238.
Price Forecast: SHIB bears control momentum
On September 13, Shiba Inu price rejected its 61.8% Fibonacci retracement level at $0.0000147 (taken from the May 12 high of $0.0000176 to the June 22 low of $0.0000100) and fell roughly 8% on Sunday. On Monday, it was trading below the rising trendline (made by connecting successive lows since June 22) around 0.0000121.
SHIB might fall to $0.0000106 if it closes below the daily support at $0.0000118.
SHIB might reach the 50-day EMA at $0.0000129 if it rebounds.
Pepe Bears Target $0.0000079
Pepe fell 3.25% on Sunday after closing below the 50-day EMA at $0.0000107 on Friday. Monday morning, it's down 6.72% at $0.0000097.
PEPE may attempt daily support at $0.0000079 if it continues to fall.
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