Pepe faced rejection once again with a 3% difference from the major resistance zone at $0.0000019 in its recent surge. Considering the current minor trend and the overall market condition, it appears to be a trend that’s likely to break.
In the event of a breakout in this zone, the range between 0.0000850 and 0.0000810 could serve as a potential area for a new uptrend. Conversely, if the decline continues, the price level of 0.0000600 could be seen as the final support zone.
Moving horizontally and on a daily basis, WOJAK faced rejection from the major resistance zone after its recent surge. If it fails to gain traction from interim supports, I anticipate the range between $0.00035 and $0.00032, which previously served as the last peak’s support. In meme coins with a high stop range, particularly in margin trading, managing risk effectively is highly beneficial.
Should it fail to hold within this zone, a further decline down to the $0.00022 level could be anticipated.
Despite generally moving almost in correlation with DOGE Coin, SHIBA faced rejection at the third touchpoint of its descending trend, as observed on the chart. If this trend breaks and the market shows positive momentum, it might aim to test the price level of 0.018. If it fails to receive a bounce from the interim support zone ranging from 0.0095 to 0.0090, waiting for the healthier zone around the 0.0067 to 0.0065 price range could be more prudent for a new long position.
The analyses shared here are not investment advice; however, they are considered support and resistance levels that may provide short to medium-term trading opportunities in the market. The responsibility for taking trades and managing risks lies with the user. It is strongly recommended to use stop loss in the trades shared.