Shiba

Dogecoin

Shiba Inu

The PEPE

<p>The post <a href="https://coinpedia.org/price-analysis/are-the-top-meme-coins-going-back-in-hibernation/">Are The Top Meme Coins Going Back in Hibernation?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With the market-wide correction, many altcoin sectors are under correction. Amidst this, the meme coin sector is facing an immense rise in supply pressure as panic selling hits crypto.&nbsp;</p> 
<p>With the top meme coins under pressure, the price chart dynamics are shifting gears at a fast pace. As the declining rally triggers extended panic selling by investors, the recovery trend struggles to find solid footing for a reversal.&nbsp;</p> 
<p>Under such conditions, are the top meme coins planning to undergo another hibernation?</p> 
<h3 class="wp-block-heading" id="strong-dogecoin-doge-strong"><strong>Dogecoin (DOGE)</strong></h3> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518.png" alt="" class="wp-image-290959" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/PnE1Ougj/">Tradingview</a></p> 
<p>With the top meme coin under immense selling pressure, the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">DOGE price</a> breaks below the 50D EMA. The downtrend even nullifies a rising channel and tests the bullish dominance at the $0.15 mark.&nbsp;</p> 
<p>The lower price rejection in the daily chart teases a double-bottom. However, it also comes as a retest of the broken trendline. Hence, the Dogecoin shows a conservative, almost bearish approach in action.&nbsp;</p> 
<p>In case the market bounces back in action, the DOGE price could hit the $0.20 level. Otherwise, the dog-themed altcoin is headed for $0.10 psychological support.&nbsp;</p> 
<h3 class="wp-block-heading" id="shiba-inu-shib">Shiba Inu (SHIB)</h3> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519.png" alt="" class="wp-image-290960" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-519-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
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<p><a href="https://www.tradingview.com/x/heZzrz57/">Tradingview</a></p> 
<p>With a similar condition as Dogecoin, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">SHIB price</a> trend breaks below a symmetrical triangle pattern. The downfall breaks the 50D EMA and is headed for the dynamic support of 200D EMA at $0.1153.</p> 
<p>However, the sideways trend in the daily chart at $0.000020 presents a reversal opportunity in the 4H chart. Further, the bullish divergence in RSI in the 4H chart bolsters this reversal possibility.&nbsp;</p> 
<p>Optimistically, with a bull run, the meme coin can hit the $0.000030 mark.&nbsp;</p> 
<h3 class="wp-block-heading" id="bonk-bonk">BONK (BONK)</h3> 
<p>Being one of the top-performing meme coins based on Solana, BONK showcases a descending triangle breakdown. The downfall cracks the $0.000021 baseline and the psychological mark of $0.000020.</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518.png" alt="" class="wp-image-290957" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/IUOHbyFq/">TradingView</a></p> 
<p>With the triangle breakdown rally testing the 200-day EMA, the meme coin is down by 60% from its peak at $0.000037. In the 4H chart, the <a href="https://coinpedia.org/price-prediction/bonk-price-prediction/">BONK price</a> showcases a double-bottom reversal possibility to reverse the trend dynamics.</p> 
<p>A bullish reversal will project a bull run to $0.000025, followed by $0.000030. On the downside, a breakdown below $0.000013 will test the $0.000011 or the psychological mark of $0.000010.&nbsp;</p> 
<h3 class="wp-block-heading" id="pepe-pepe">PEPE (PEPE)</h3> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="796" src="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518.png" alt="" class="wp-image-290958" srcset="https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-1024x509.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-768x382.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-1536x764.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/04/16151326/image-518-150x75.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<p><a href="https://www.tradingview.com/x/tcSTZRTX/">Tradingview</a></p> 
<p>As the days passed since the frog-themed meme coin ranked among the top-performing coins, the PEPE now failed to hold above the 50D EMA. The declining trend under a solid resistance trendline breaks under the $0.0000060 demand zone.</p> 
<p>Currently, PEPE tests the psychological mark of $0.0000050 and teases a breakdown plunge to the 200D EMA. The <a href="https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/">PEPE price</a> may witness an extended downtrend, with the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">BTC price</a> failing to hold above $63,000.&nbsp;</p> 
<p>However, a bullish reversal from the 200D EMA or the $0.0000050 psychological mark could rechallenge the overhead trendline. A breakout rally could pump the meme coin to the $0.000010 mark.</p> 
<p>Read More : <a href="https://coinpedia.org/price-analysis/memecoin-rally-halts-can-doge-and-shib-prices-surge-100-post-halving/">Memecoin Rally Halts! Can DOGE And SHIB Prices Surge 100% Post-Halving?</a></p> 
<h2 class="wp-block-heading" id="h-conclusion-for-top-meme-coins">Conclusion For Top Meme Coins</h2> 
<p>The top meme coins are at a pivotal stage, with many showcasing a high possibility of reversal. The volatile meme coins could dive deeper as the overhead supply pressure grows in crumbling market conditions.&nbsp;</p> 
<p>However, the price analysis bolsters the likelihood of a bounce back. Thus, the meme coins are not planning to hibernate, as of now.&nbsp;</p>

Are The Top Meme Coins Going Back in Hibernation?

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