Pepe Coin and Shiba Inu Trend Potential

The PEPE coin chart is currently experiencing an uptrend after a bullish breakout from a channel up pattern. The price has encountered resistance at $0.000017 (also known as its all-time high) but faced rejection, providing potential entry points for traders.

Pepe Price Analysis

As per altFINS analysis, traders are advised to seek suitable entry opportunities to benefit from the ongoing uptrend. Two potential scenarios may unfold:

1. If the price surpasses the $0.000017 resistance, it could indicate a continuation of the uptrend.
2. Alternatively, if the price retraces close to the $0.000013 support level, it could offer a swing trade entry opportunity with a potential 30% upside back to $0.000017.

If PEPE coin manages to break above its all-time high of $0.0000173, the next resistance levels based on Fibonacci Extensions are estimated to be: - $0.0000184 (61.80%) - $0.0000198 (78.60%) - $0.0000215 (100%) - $0.0000266 (161.80%)

Trend and Momentum Analysis

In terms of trend analysis, PEPE coin's short-term trend is upward, while the medium-term and long-term trends are significantly bullish. The price currently falls within neither the overbought nor oversold territory, indicated by the RSI-14 levels (RSI > 30 and RSI < 70).

The nearest support zones for PEPE coin are at $0.000012 and $0.0000092, whereas the nearest resistance zones are at $0.000015 and $0.0000164.

Shiba Inu Trend Analysis

Similarly, Shiba Inu is following an uptrend post a bullish breakout from a falling wedge pattern. The price has undergone a successful retest of the breakout and may potentially swing up to $0.000035.

Shiba Inu's price is nearing a support level, which could lead to a temporary pause or reversal in its recent decline. Support levels often represent areas of historical price bounces or where previous resistance levels were breached (polarity concept).

In trend analysis for Shiba Inu, the short-term trend is downward, while the medium-term and long-term trends show upward movement. The RSI-14 levels indicate that Shiba Inu's price is not in the overbought or oversold zones.

The closest support levels for Shiba Inu are at $0.0000225 and $0.000015, with resistance zones at $0.000035 and $0.00004.

Both PEPE coin and Shiba Inu exhibit potential for an uptrend based on recent price developments and technical analysis. Traders are recommended to monitor these meme coins for possible entry points, considering the identified support and resistance levels along with the overall trend and momentum.