Shiba Inu and Pepe price graphics soon suggest a yield of 300%!

Pepe Coin and Shiba Inu have lost 2/3 of their value since December, so a gain of 300 is soon in the cards, once the crypto retreat ends.

Pepe Coin has been in a regular decreased trend for almost two months, withdrawing from its December 0.2880 peak. The Altcoin market has faced an intensified sales pressure in recent days when the news of the US prices to come and have frightened investors. However, the prices now postponed, the stock market feeling has improved, although cryptocurrencies remain low. Despite this weakness, yesterday’s decline in the deadlines suggests that the downward trend can approach an end, potentially offering an attractive entry point for crypto buyers. This is particularly relevant for Penny cryptos like Dogecoin, which have a history of rapid recovery, sometimes displaying gains of 300% or more within a short time.

Pepe Coin Chart Weblandoy – The Elliot Wave model is complete

Growing institutional interest for Dogecoin

In a sign of increasing adoption of the dominant current, Bitwise filed a request to the dry to launch an ETF of Dogecoin Spot. According to the S-1 file on January 28, the Bitwise Dogecoin FNB would hold Dogecoin and actively follow its market movements. The deposit also appoints Coinbase custody as a proposed guardian, an entity of confidence in the ETF Crypto space.

Beyond Biwwise, stammering funds and REX actions also explore the Dogecoin ETF offers, adding additional legitimacy to the memes piece. Market players are watching closely, because the approval of Bitcoin Spot ETF in the United States sparked a BTC Bull Run at the beginning of 2024. Many traders anticipate a similar rally if a Dogecoin FNB obtains regulatory approval, which could Serve as a major catalyst for DOGE prices.

Shiba Inu Chart – The 100 SMA is a good place to go for a long time

The price of Shiba Inu has also decreased by around 70% since December, while it was negotiated at $ 0.000033. However, the cryptography market has been retired since then and Shiba Coin has also slipped below. However, the 100 SMA (Green) on the weekly graphus stopped the sellers at $ 0,000012. This mobile average is transformed from resistance to support, holding the decline for the second time in several months, it is therefore a good indicator for Shiba buyers to open a purchase position. However, we may no longer reach this level, so we are looking for a bullish reversal on the daily graphic.

Shiba Inu Chart Daily

The Shiba Inu ecosystem has recently experienced notable developments, in particular a massive increase of 600% of chip burns. In a single day, around 3.24 million shib tokens were permanently withdrawn from traffic, a trend that attracted the attention of cryptographic analysts, because it could influence the SHIB prices dynamics. When the supply of a token decreases while demand remains strong, it increases the probability of appreciation of prices over time. For SHIB investors, this development offers hope in the midst of broader volatility on the market, it could serve as a long -term bullish catalyst, helping to maintain the value of Shiba Inu faced with the uncertainty of the .

Meta skerdian

Main analyst

Skerdian Meta lead analyst. Skerdian is a professional Forex merchant and a market analyst. He has been actively engaged in market analysis for 11 years. Before becoming chief analyst, Skerdian was a merchant and market analyst in the local branch of Saxo Bank, Akioner. Skerdian specializes in experimenting with model development and practical trading. Skerdian has a master’s degree in finance and investment.