Dogecoin And Pepe Are Stuck In The Consolidation Process While Shiba Inu Is Ready To Rise 30%

After a dramatic price increase, the cryptocurrency market is consolidating as the price of Bitcoin drops below $100,000. While the possibility of a reversal is still high, this could trigger another price increase. As Bitcoin accelerates, the memecoin space follows suit, specifically Dogecoin & Shiba Inu. SHIB price usually follows DOGE's price increase, which is quite evident as both face upward pressure while PEPE accelerates. However, the current trading context suggests that SHIB's price will experience a significant surge while DOGE and PEPE may remain within a consolidation range for a few more days. Analysis of Dogecoin (DOGE) price Weekly trading is shifting to a downward trend for the DOGE price increase due to stagnant buying pressure. Trading volume has seen a decrease of over 12% in the past few days, prolonging the possibility of a price drop for the token. However, technical factors indicate that the current accumulation phase may soon come to an end, potentially leading to a near 50% breakout towards its ATH. The daily chart of DOGE suggests that this token may continue to consolidate in the coming days.

The Bollinger bands are running parallel after showing significant expansion, confirming a sideways trend. Meanwhile, the RSI is attempting to enter overbought territory despite being rejected, indicating increasing buying pressure. The price has had to face a significant increase in selling volume in the recent trading day, and now that the pressure has eased, the price is expected to fluctuate and reach the peak of the symmetrical triangle. This could create a 50% increase to mark levels above $0.6. Price Analysis Pepe (PEPE) PEPE prices are facing stiff, insurmountable resistance for almost a month since the breakout in November. The daily candlestick shows large wicks on both sides, indicating that the price is facing enough upward and bearish pressure every day. With this tug-of-war situation, buyers are expected to strengthen and raise the level to cross the consolidation level very soon

As seen in the chart above, the PEPE price is currently trading within the resistance zone between $0.000022 and $0.000023. Interestingly, the DMI levels are parallel, indicating no price divergence, while the MACD levels are still decreasing and preparing for a bullish crossover within a positive range. Therefore, it is expected that the PEPE price will continue to fluctuate below this zone for the next few days and start a strong breakout to reach $0.00003. Analysis of Shiba Inu (SHIB) price Slightly different from other memecoins, the price of Shiba Inu has maintained a strong upward trend since the beginning of the quarter. The price is forming continuous highs and lows, indicating that the buying side has held onto the price increase tightly, and therefore the price may reach a higher target above $0.00004, which can be programmed in.

The price of SHIB has undergone a parabolic recovery after facing rejection from the year's high level at around $0.000045. The RSI has maintained a strong upward trend, indicating that the price may fluctuate around the resistance zone between $0.00003191 and $0.00003288 until the end of the current two weeks. Market sentiment is expected to become optimistic, potentially pushing the price above the key level and reaching $0.00004.