Popular Meme Coin Price Prediction: DOGE, SHIB, and PEPE Reach a Critical Crossroads, Expected to Pump Further?

According to Gate, recently, meme coins such as DOGE, SHIB, and PEPE have performed remarkably in the market, showing excellent gains last week and quickly rebounding to peaks on Sunday. However, entering Monday (June 30), the prices of these meme coins have slightly retreated, making it difficult for long positions to break through key resistance levels. Nevertheless, the market generally anticipates that once these resistances are successfully breached, it could trigger a wave of sustained upward momentum. These three popular meme coins are at a critical crossroads, and their future trends are highly anticipated.

1. DOGE reverses trend faces resistance

FXStreet analyst Vishal Dixit stated that as of this Monday's publication, the price of DOGE has dropped by about 1%, showing a decrease in upward momentum after a strong rebound of up to 12% last week. The week started weakly, and DOGE has struggled to break through the resistance level of $0.17 tested on June 19.

If the daily closing price of DOGE can stabilize above $0.17, it may extend the rebound momentum of this meme coin to the monthly high of $0.20, which is a psychological barrier. From a technical indicator perspective, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover (the MACD line crossing above its signal line), which is often seen as a signal of trend reversal. The Relative Strength Index (RSI) is currently at 44, gradually reversing from the oversold zone, indicating that the supply pressure above is easing.

However, if DOGE fails to successfully break through the resistance level of 0.17 USD, it may lead to a price retest of the support level at 0.14 USD, which is the low point from June 22.

(Source: Trading View)

2. Shiba Inu (SHIB) trendline breakout rebound lags behind momentum

Similar to DOGE, Shiba Inu (SHIB) also surged 12% last week, continuing its pump and challenging the resistance level of the closing price of 0.00001200 USD on June 5. As of the writing of this article, SHIB has dropped nearly 2%, struggling to hold onto the 2.77% gain from Sunday.

Nevertheless, after further increases, SHIB successfully broke through the resistance trend line formed by the highest prices on May 12, May 23, and June 11, indicating a potential trend reversal. If the closing price can stabilize above the resistance level of $0.00001200, SHIB's rebound may extend to the 50-day exponential moving average (EMA), which is $0.00001252.

The MACD indicator shows a series of rising green histogram bars starting from the zero line, which typically indicates the establishment of an upward trend. The RSI is at 45, rebounding from the oversold boundary, indicating that the bearish influence is weakening.

However, if the closing price of SHIB is lower than the Sunday opening price of 0.00001155 USD, this rebound from the trendline breakout may turn out to be illusory. In this case, SHIB may turn back to target the psychological support level of 0.00001000 USD.

(Source: Trading View)

3. PEPE coin strives to overcome the resistance trend line

As of the time of publication, PEPE has fallen by about 2%, as its buying pressure has weakened after an 8.90% increase on Sunday. Despite an overall increase of 17% last week, PEPE still struggles to break through the key resistance trend line formed by the volatility highs of May 23 and June 10.

If a significant breakout of this trend line occurs, PEPE may test the lowest price of May 17 at $0.00001196. The MACD indicator has triggered a trend reversal, with the MACD line breaking above the signal line on Sunday. The RSI is near the midpoint at 46, indicating a neutral market as bearish pressure diminishes.

However, if the closing price of PEPE falls, it may retest the support area of $0.00000900 that was last tested last Friday.

(Source: Trading View)

Conclusion:

DOGE, SHIB, and PEPE, the three major popular meme coins, are currently at a critical technical juncture. Although the market has recently experienced some pullback, multiple technical indicators still suggest potential upward momentum. Investors should closely monitor whether these meme coins can successfully break through their respective key resistance levels, which will be crucial in determining their short-term future trends. The meme coin market is highly volatile, and investors must carefully assess the risks before participating.