Shiba

Pepe

Convergence

Shiba Inu

Divergence

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-and-shiba-inu-price-analysis-memecoins-in-focus/" data-wpel-link="internal">Pepe and Shiba Inu Price Analysis: Memecoins in Focus</a> 
<a href="https://coin-turk.com/terra-lunada-isaret-fisegi-yandi-fiyatin-1-dolar-olmasi-icin-bakin-hangi-adim-atildi" data-wpel-link="internal">Cryptocurrency</a> world’s shining stars among memecoins, Pepe (PEPE) and <a href="https://en.coin-turk.com/shiba-inu-whale-movements-what-does-it-mean-for-shiba-coin/" data-wpel-link="internal">Shiba</a> Inu (<a href="https://en.coin-turk.com/shiba-inu-faces-a-11-price-decline-amid-speculations-of-a-major-token-burn/" data-wpel-link="internal">SHIB</a>), have recently attracted attention with their significant price movements. Investors are curious about what’s next for PEPE and SHIB as they have been trending downward for some time. 
<h2 style="text-align: justify" id="strong-pepe-price-analysis-strong">Pepe Price Analysis</h2> 
PEPE has seen an impressive increase of over 700% against the US dollar in the last four weeks, reaching a significant resistance range between $0.0000087 and $0.0000117. The rising trend followed by a double top formation and the falling divergence in the Relative Strength Index (RSI) suggest that the <a href="https://en.coin-turk.com/whale-movements-shift-from-pepe-to-shiba-inu-in-crypto-market/" data-wpel-link="internal">memecoin</a> may be on the verge of a potential medium-term correction. 
If PEPE’s price falls below the support level of approximately $0.0000061, analysts foresee a downward trend towards the next liquidity level around $0.0000049. However, if PEPE bulls manage to consistently push the price above the recent high, a reversal of the short-term downtrend and the start of an uptrend can be expected. 
<h2 style="text-align: justify" id="shiba-inu-price-analysis">Shiba Inu Price Analysis</h2> 
The second-largest memecoin, SHIB, has faced a correction trend over the past three weeks, experiencing a significant drop from $0.000045 to $0.0000259, losing about 45% of its value. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-332057" src="https://coin-turk.com/wp-content/uploads/2024/03/Pepe-Shiba-Inu-Fiyat-Analizi.png" alt="" width="1946" height="937"> 
Daily chart analysis reveals a downward trend line acting as dynamic resistance for buyers and a break below the 50% Fibonacci retracement level, indicating weakened bullish momentum. Notably, recent data from the on-chain data platform IntoTheBlock shows significant inequality in investor behavior. Accordingly, there has been a substantial increase in SHIB holdings among short-term investors, while long-term holders have decreased their assets by 9.07%. 
This shift in investor approach towards Shiba Inu points to increased speculative interest among newcomers or short-term investors, potentially increasing selling pressure and indicating that further support levels could be breached. 
Looking ahead, if sellers manage to push the price below the 61.8% Fibonacci retracement level corresponding to $0.00002376, analysts predict a potential drop to $0.00001812 for SHIB’s price by the end of March. On the other hand, a recovery in SHIB could only occur if the price rises above the general trend line. 
Technical indicators such as the rising 50-day Exponential Moving Average (EMA) could provide support at the $0.0000237 level, while a significant gap between the Moving Average Convergence Divergence (MACD) and the signal line indicates an intense correction trend for the memecoin. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/pepe-and-shiba-inu-price-analysis-memecoins-in-focus/" data-wpel-link="internal">Pepe and Shiba Inu Price Analysis: Memecoins in Focus</a></h5>

Pepe and Shiba Inu Price Analysis: Memecoins in Focus

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