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Dogecoin 
$0.168962 (DOGE), Pepe Coin (PEPE), and Shiba Inu (SHIB) prices are currently searching for direction. Insights from leading crypto analysts provide clues about the short-term trajectories of these popular memecoins. Technical analysis shows that Dogecoin is currently squeezed within a narrow range, with PEPE on an upward trend, while Shiba Inu is testing resistance levels. Analysts shared key support and resistance levels that investors should pay attention to.
Dogecoin Analysis: Price is Stuck, Breakout Expected
Crypto analyst Crypto VIP noted that Dogecoin is in a “no-trade zone” currently. The analyst stated that DOGE’s price has moved in a horizontal range following a decline, emphasizing the need to wait for a breakout either upwards or downwards to take a new position. The support region is noted to be between $0.143 – $0.149, while a strong resistance is expected between $0.176 – $0.187. According to the analyst, if the price breaks above $0.187, the new target could be within the $0.23 – $0.24 range.
Another crypto analyst, Ali Martinez, anticipates an upward breakout in DOGE’s price. He believes that if the price exits the $0.16 – $0.18 range, it could trigger a 16% upward movement, allowing the memecoin to reclaim the psychological threshold of $0.20. Analyst Master Kenobi believes the days of DOGE trading below $0.18 are numbered, even claiming that the price could reach $1 by June.
PEPE has started showing signs of an upward trend after a prolonged correction period. The price has bounced upward from the $0.00000543 support level, which had previously functioned as a strong demand region. According to Fibonacci retracement levels, the first major resistance point is at $0.00000817. If the price surpasses this level, it may initiate a larger upward trend.
In Elliott Wave analysis, the price of PEPE coin has entered an impulsive structure. It is noted that waves (i) and (ii) have been completed on the hourly chart, and wave (iii) could surpass $0.00000861. However, if the price drops below $0.00000712, it may retract to $0.00000650. The neutral position of the RSI indicator suggests room for upward movement.
Shiba Inu is currently trading in the $0.0000125 – $0.00001365 range. Although SHIB has recently made short-term gains, significant selling pressure exists at the $0.000014 level. Technical analysis suggests that if this level is broken, a rise to $0.000019 is possible.
Analyst Javon Marks believes that SHIB still has the potential to rise by 450%. However, if the price fails to hold above $0.0000125, it could drop to $0.0000115. Experts expect Shiba to consolidate around $0.00001315 in March and April.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
