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03/03/2024

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Meme Coin Showdown: SHIB vs PEPE and DOGE vs WIF

Meme coins like SHIB, PEPE, DOGE, and WIF saw big increases. However, there might be profit-taking, which could push SHIB down to $0.000018 and PEPE below $0.0000040. The AO indicated that DOGE could decrease, but WIF might stay above $1.

Meme Coin Showdown: SHIB vs PEPE and DOGE vs WIF

Meme coins like SHIB, PEPE, DOGE, and WIF saw big increases. However, there might be profit-taking, which could push SHIB down to $0.000018 and PEPE below $0.0000040. The AO indicated that DOGE could decrease, but WIF might stay above $1.

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In recent days, meme coin prices have skyrocketed, with Shiba Inu (SHIB), Pepe (PEPE), Dogecoin (DOGE), and dogwifhat (WIF) all experiencing remarkable gains. SHIB rose by 126.12% in the last week, while DOGE saw a 64.23% increase. PEPE performed even better with a 204.18% jump, according to CoinMarketCap. Lastly, WIF surged by 422.67%, making it the top-performing meme coin.



SHIB vs. PEPE: Meme Coin Price Analysis

We looked at how the prices of SHIB/USD and PEPE/USD changed every 4 hours. Our study showed that both meme coins had a similar pattern. Interestingly, both PEPE and SHIB started moving out of a period of holding steady around the same time, although there was a small difference between them.

PEPE achieved this breakout on February 25, while SHIB experienced it three days later. Additionally, the Supertrend indicator signaled a buy for SHIB, suggesting bullish potential in its price.

However, SHIB’s price action appeared to be retracing due to overbought conditions indicated by the Relative Strength Index (RSI). A similar situation was observed with PEPE, leading to a drop in its price.

For now, SHIB’s rally might slow down, with a bearish perspective indicating a possible drop to $0.000018 as traders may take profits in the coming days. PEPE faces a similar fate, with indications suggesting a potential fall below $0.0000040.

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SHIB/USD Against PEPE/USD (Source: TradingView)

Nevertheless, a bullish scenario could see prices trend much higher. In a highly bullish case, SHIB could rise to $0.000030, while PEPE might rally toward $0.000060.

  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

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