Crypto markets showed some stability over the weekend as buyers slowly regain momentum. Additionally, it appeared that “smart traders” were waiting for selling pressure to intensify, which triggered seller panic. With a decent rebound, traders see huge bullish prospects for Pepe (PEPE), while Dogecoin (DOGE) is gearing up for a nice rebound. As bullish sentiments have surged by almost 90%, a 20% rise in their prices is expected soon.
Dogecoin (DOGE) Price Analysis
THE Dogecoin Price showed tremendous strength as bulls firmly defend interim support at $0.3. This confirms the bullish claim, which suggests that the price is ready to surpass $0.4, which could pave the way for the popular memecoin to reach new yearly highs at $0.5. At the same time, bearish interference is expected in the short term, which could delay the progress of the rally, forcing the token to fall slightly by 7-8%.
The DOGE price chart suggests that the bulls have woken up and been extra vigilant about the current price action. As a result, they prevent the price from falling below the ascending trendline, keeping the rally stuck at 0.618 FIB at $0.3361. On the other hand, volume has declined significantly, reaching below-average levels and DMI levels are converging to a point. This suggests some uncertainty among traders, which has kept the bulls on hold.
However, as long as the price trades above the support zone between $0.3035 and $0.3093, the rally remains under bullish influence with higher chances of a rebound. Meanwhile, a rise above the resistance zone between $0.35 and $0.36 could attract buying pressure that could further push levels above $0.4.
Pepe (PEPE) Price Analysis
Pepe Price tests the crucial support zone after selling pressure continues to mount on the token. These levels provide a solid base since the token broke out of the range in November 2024. Meanwhile, the current pullback appears to be the last pullback before the next bullish action. Technicals have reached the end of consolidation and volume is experiencing an extreme squeeze that typically follows a massive bullish rebound.
After a massive breakout, PEPE price consolidates and the parallel Bollinger bands validate the claim. Meanwhile, the RSI has formed consecutive highs and lows and may soon reach the support below 35. These levels have been a solid base for more than 6 months and hence this can be considered as the end of the bearish consolidation. Therefore, PEPE price is expected to trigger a rise after reaching the lower Bollinger bands near $0.000016.
Bullish sentiments on PEPE price are close to 90%, suggesting that market participants are bullish on the memecoin regardless of the prevailing selling pressure. Therefore, the price could maintain a healthy rise and break above the curical range.