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The post <a href="https://coinpedia.org/price-analysis/doge-shib-meme-coins-prep-for-the-next-100-surge/">DOGE &amp; SHIB Meme Coins Prep For The Next 100% Surge</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> gaining momentum, the meme coins are preparing to return to the top performers list. Amidst the resurgence of buyers, the <a href="https://markets.coinpedia.org/dogecoin/">Dogecoin </a>and <a href="https://markets.coinpedia.org/shiba-inu/">Shiba Inu </a>price charts display an opportunity to buy the dip after the recent correction. 
However, the market’s buzz about the potential reversal spot in the meme coins is the million-dollar question right now. So, let’s have a closer look at the technical charts of the meme cryptocurrency and find out the best potential buying spot.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-doge-price-be-worth-buying-at-below-0-18">Will The DOGE Price Be Worth Buying At Below $0.18?</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/lEPB7l5LO2Hko8r7p-Fr-AdJsF6R5oAxLKVSU1bEUKVX0sZWnHzLcRWi9TUH6JNjsr8xGw78QnKr0DtF0iXsD5uVw4jihGTDzE4Ft_rmDulFub5hWY84Pxd9T_vlp6VLFKxMdNbtvRkkDHYTzSB3EyA" alt="">
</figure> 
<a href="https://www.tradingview.com/x/AJ6L42Zd/">TradingView</a> 
After an underperforming week, the biggest meme coin, the DOGE token, lost 20% of its market value. This sharp correction led to a huge bearish engulfing candle and undermined the 24% rise last week. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178-1024x509.png" alt="" class="wp-image-287322" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110109/image-178.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<a href="https://www.tradingview.com/x/XYQ4Ph4d/">Tradingview</a> 
In the daily chart, the downfall comes within a rising channel pattern as the supply wave kicks in at the overhead trendline. Further, the downfall cracks within the $0.18 support zone and warns of a continued downfall.&nbsp; 
Also Read : <a href="https://coinpedia.org/price-analysis/pepe-price-eyes-a-breakout-rally-with-bitcoins-resurgence/">PEPE Price Eyes A Breakout Rally With Bitcoin’s Resurgence</a>&nbsp; 
However, the rising channel comes with dominant bullish elements like the rising 50-day EMA along with a support trendline. Hence, the meme coin has significant chances of a bullish reversal. 
As per the daily chart, the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">DOGE price</a> could be worth a buy below $0.17 with a reversal chance to hit $0.30 by the end of this month.&nbsp; 
<h2 class="wp-block-heading" id="h-will-shib-price-meme-coin-give-a-bullish-break">Will SHIB Price Meme Coin Give A Bullish Break?</h2> 
On a similar road to Dogecoin, the second biggest meme coin, Shiba Inu records a sharp fall of 12.52% this week. This correction negates the 9.51% increment last week and the coin fails to sustain above the psychological mark of $0.000030. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="509" src="https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180-1024x509.png" alt="" class="wp-image-287324" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180-150x75.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/04/05110137/image-180.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<a href="https://www.tradingview.com/x/tDKF1hrJ/">TradingView</a> 
However, the meme cryptocurrency enters a contracting volatility phase, leading to a triangle pattern in the daily chart. Considering the prevailing uptrend in the picture, the meme coin price action displays a bullish flag. 
Further, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">SHIB price</a> rests at the baseline which increases the likelihood of a bullish reversal. Consdeirng the uptrend manages to survive the supply wave and breach the overhead trendline, the meme coin is ready for a surge.&nbsp; 
As per the price chart, the meme coin could hit the $0.00005401 mark by the end of this month.

DOGE & SHIB Meme Coins Prep For The Next 100% Surge

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