DOGE, PEPE, and SHIB Prices Enter Cooling Phase, Here Are the Targets

As traders secure profits following an intense rally, meme coin prices, including DOGE, PEPE, and SHIB, have entered a cooling phase. However, as traders digest the recent gains, the next leg of the meme coin saga is unfolding.

After a strong rally that saw some coins rise by over 400%, the market has entered a period of consolidation. This is likely due to traders taking some profits off the table after the recent gains. However, the next leg of the meme coin rally is already starting to form.

According to an analysis by CoinEdition, DOGE is targeting a 160% surge, PEPE is testing its trend channel, and SHIB is on the verge of a breakout.

DOGE’s Uptrend Still Intact

Despite the pullback, bullish sentiment persists, especially for DOGE, which analysts project could see a potential 160% surge. After bouncing from its support zone, the OG meme coin remains within bullish parameters, targeting $0.73 as the next major resistance.

While some traders have begun trimming positions to mitigate potential risks, the overall trend indicates upward momentum remains intact.

PEPE’s Channel Holds Key

PEPE, on the other hand, faces a more precarious situation as it clings to its trend channel. Experts have warned that a breakdown could send the price crashing toward the 0.000016 zone, intensifying selling pressure. Hence, maintaining its trend channel is key to its upward momentum.

An analysis of the 4-hour chart reveals a clear upward channel, with the price at $0.000001865 USDT. While recent trading shows an 11% decline, the channel structure remains intact. Resistance at the upper boundary is a key hurdle PEPE must surpass for a potential rebound.

SHIB Approaches Resistance, Eyes Breakout Potential

Shiba Inu’s case is equally compelling with the memecoin’s price nearing a critical resistance line. A successful breakout could ignite a substantial rally, potentially pulling in fresh inflows of capital. A failure to clear this level may push the token into consolidation, leaving traders and investors awaiting clarity.

The next few days will likely define whether DOGE achieves its ambitious target, PEPE sustains its channel, or SHIB breaks resistance to initiate a fresh rally.