As meme coins like DOGE and PNUT take center stage following huge price surges, analysts are telling their followers to prepare for similar gains on the way for SHIB and PEPE.
Meanwhile, a new low-cap meme coin, Cutoshiattracted nearly $1 million in investment after going viral on X.
Shiba Inu’s Golden Cross Sparks Hopes for a Bull Run
Although Shiba Inu is in the green and currently trading at $0.00002545, this still represents a 15% decline from its November 12 high. Although it is up 42% on the bi-weekly charts, that pales in comparison to DOGE’s 133% gain over the same period.
Of course, one of the reasons Dogecoin has been so successful is its ties to Elon Musk and the president-elect.
However, X analysts such as $SHIB KNIGHT And $SHIB DEADLY say Shiba Inu’s charts look strong and are ready for a breakout.
Additionally, looking at the daily chart, we can see that $SHIB recently reached a Golden Cross, as the 50-day SMA crossed the 200-day SMA. This is a very bullish sign, especially considering the last crossover was a deadly crossover in July; the price dropped significantly until just before the Golden Cross on the 12th.
Source: TradingView
If Shiba Inu can defend the $0.0000023 support level, then SHIB price is expected to continue rising. According to the analyst Ibrahim AjibadéIf Shiba Inu can do this and “break above the upper Donchian channel at $0.00003045,” then a bullish scenario could be in store.
Pepe Coin Bull Flag Pattern Hints at Potential Breakout
Like DOGE, Pepe coin has seen impressive gains lately, achieving 145% growth over the past two weeks, thanks in part to PEPE Coinbase’s upcoming listing and a tweet from Elon Musk.
According to Beincrypto analyst Victor Olanrewaju and Pepe form a bull flag pattern on the four-hour chart, meaning a breakout above $0.000025 is likely and could even reach $0.000041.
Pepe also formed a Golden Cross on November 13, but Binance analyst Moon5labs notes that PEPE will need to break said psychological barrier of $0.000025 before traders feel optimistic.
If this happens, then a possible 10x for the Pepe coin is predicted.
Source: TradingView
However, recent data from IntoTheBlock shows a 29% drop in inflows from large holders over the past week. Additionally, a significant drop in trading volume, from over 3,000 to 660 between November 14 and 18, suggests that large investors are taking profits and taking a wait-and-see approach.
Cutoshi’s unique selling point, a mix of meme and utility
Cutoshi is a pre-sale project that, like Shiba Inu, mixes memes with DeFi capabilities. Although the coin is new, it has already attracted considerable attention, going viral and trending on X and is about to raise $1 million in pre-sale funding. The token is only in the third stage of a ten-stage presale, indicating that this is only the beginning for $CUTO, already up 72% since its presale went live.
Cutoshi is based on the Chinese lucky cat avatar and the principles of Satoshi Nakamoto. This means it taps into a meme-hungry market while ensuring longevity through its more serious goal of making DeFi accessible to the masses.
Previous bull runs have seen “standards” launch into coins such as Dogecoin, this cycle is likely to be similar. As the market matures, people want a better narrative than before.
Cutoshi’s position as a DeFi ecosystem, with its upcoming cross-chain DEX, utility-based NFTs, and learning portal to educate people about the benefits of DeFi, could be exactly what new investors are looking for and more experienced.
For more information on the Cutoshi (CUTO) presale:
Join and become a member of the community:
https://twitter.com/CutoshiToken
https://t.me/cutoshi
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.