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Meme Coins Mania: Will Pepe Outperform SHIB and DOGE This Summer?

Meme coins have grabbed headlines with their unexpected surges and drops. Investors are now watching a new contender that could surpass the likes of SHIB and DOGE in the coming months. With the bull run already in effect, the interest in this segment of the market is at an all-time high. Will this new player take the lead this summer, or will the established names hold their ground? The answer could shape the next big trend in the crypto space.

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Pepe (PEPE) Soars: Assessing Future Price Movements

Pepe (PEPE) is seeing big price jumps. In one week, it went up by 38.49%. In a month, the jump was even bigger at 112.98%. Looking at the past six months, the increase is amazing: 1231.79%. Right now, you can buy it for between $0.00000777 to $0.00001107. The next price it might hit is $0.00001298, but if it falls, it might go down to $0.00000638. The way the price is moving suggests that it might keep going up for now, as shown by a high number like 68.83 on the RSI and 85.90 on the Stochastic. This means a lot of people are buying it. The MACD tells us the same thing: the trend is strong. However, prices change quickly and the current movement could slow down or even go backwards.

Shiba Inu (SHIB) Price Trends and Predictions

Shiba Inu (SHIB) is trading between $0.00002164 and $0.00002598 currently. Looking at its recent performance, SHIB showed a small gain of 1.03% over the past week. However, looking back a month, the price has dropped by 5.27%. The longer term shows a much more impressive increase, with a 211.48% rise over the last six months. The price seems to be stabilizing, given the Relative Strength Index is near a neutral value at 50.64. With the current price action leaning towards a corrective phase, it might be challenging for SHIB to break the nearest resistance at $0.00002811 soon. However, the coin has solid support at the $0.00001942 level. If it continues to trade within this range, it could set the stage for a potential upward movement towards the second resistance level at $0.00003245.

Dogecoin (DOGE) Price Momentum: What’s Next?

Dogecoin has seen a strong price climb of 113.38% in the last six months, with a smaller gain of 7.51% over the past week. Today, the coin trades between $0.1364 and $0.1599. It may face resistance before hitting $0.1714 and larger hurdles near $0.1950. Support levels stand at $0.1242, with a further drop possibly halted around $0.1006. The coin is currently in a corrective phase, as suggested by the Stochastic and MACD levels. The coin’s movement in the short term could hinge on its ability to break through the nearest resistance or fall back to the support levels.

Conclusion

The performance of meme coins often changes fast. PEPE, SHIB, and DOGE have caught a lot of attention before but looking ahead, their short-term potential seems limited. BlastUP, part of the expansive Blast ecosystem, stands out with the highest potential among talked-about projects. Its innovative concept supports the belief that it may lead the market trend this summer. As the bull run of 2024 continues, the focus on solid projects with strong foundations is essential. BlastUP fits this criterion and has gathered interest from investors looking for significant growth opportunities in the cryptocurrency space.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

 

 

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