Dogecoin Price Drops After Last Week’s Rally
Dogecoin (DOGE) price fell on Monday after rising nearly 22% last week. It currently trades around $0.269. DOGE broke above a symmetrical triangle pattern on September 8 and gained 20% in five days. However, it corrected about 4% on Sunday.
Investors may consider buying DOGE near the daily support level at $0.256. If the price bounces from this level, it could rise toward the next resistance at $0.311.
The Relative Strength Index (RSI) is at 63, showing some loss of bullish momentum but still above neutral. The Moving Average Convergence Divergence (MACD) shows a bullish crossover and rising momentum. Santiment data shows DOGE’s trading volume hit $9.02 billion on Saturday, the highest since February. This increase suggests strong trader interest and supports a positive outlook.
Shiba Inu Price Moves Within Symmetrical Triangle
Shiba Inu (SHIB) price traded inside a symmetrical triangle pattern. It closed above the 50-day Exponential Moving Average (EMA) on September 8 and rose 12% until Saturday. On Sunday, SHIB dropped 4.27% after testing the triangle’s upper trendline. It now trades near $0.0000133.
If SHIB holds support at the 50-day EMA ($0.0000129), it may rally to the 61.8% Fibonacci retracement level at $0.0000147. A move above this could push SHIB toward its May high of $0.0000176.
The RSI at 54 shows weakening bullish momentum but remains above neutral. The MACD also signals a buy. The Coinglass long-to-short ratio is 1.11, indicating more traders expect SHIB’s price to rise.
Pepe Price Holds Gains After Falling Wedge Breakout
Pepe (PEPE) price broke out of a falling wedge pattern on Thursday and gained over 11% in two days. It faced resistance at $0.0000124 and dropped 3.11% on Sunday. PEPE now trades near $0.0000108.
Buyers may enter between $0.0000105 and $0.0000107 before a possible second rally. If PEPE holds support here, it could rise again toward $0.0000124. A close above this level may lead to gains near $0.0000146.
PEPE’s RSI and MACD indicators support a bullish outlook. However, a drop below $0.0000105 could push the price down to the September 1 low at $0.0000090.
