SHIB vs PEPE, DOGE vs WIF: Who will win the meme coin race?

• Meme cash together with SHIB, PEPE, DOGE and WIF noticed vital jumps.
• Revenue taking may see SHIB drop to $0.000018 whereas PEPE signaled a drop under $0.0000040.
• AO displays potential downward momentum for DOGE, however WIF might not fall under $1.

Over the previous few days, the value of meme cash has been rising at an astounding fee. Firms corresponding to Shiba Inu (SHIB), Pepe (PEPE), Dogecoin (DOGE) and dogwifhat (WIF) have seen their values ​​improve by unbelievable numbers.

Whereas these 4 led the market’s bull run, their efficiency assorted. For instance, SHIB worth has elevated by 126.12% within the final seven days. DOGE, alternatively, jumped by 64.23%. PEPE carried out higher with a 204.18% improve, in accordance with CoinMarketCap. And eventually, the value of WIF elevated by 422.67%, making it the very best meme coin of the lot.

Shiba Inu (SHIB) vs. Pepe (PEPE)

Coin Version checked out SHIB/USD and PEPE/USD worth motion on the 4-hour time-frame. Based on our evaluation, each meme cash shared the same construction. It’s also noteworthy to say that PEPE and SHIB broke out of consolidation across the similar interval, however by a small margin.

Whereas PEPE did it on February 25. SHIB needed to wait three days later for pumping. Furthermore, the Supertrend indicator flashed a purchase sign for SHIB, indicating that the value potential stays bullish.

Nevertheless, SHIB’s worth motion gave the impression to be returning because the relative power (RSI) confirmed that the token has change into overbought. The identical was the case with PEPE, whose worth additionally fell.

Presently, the SHIB rally might decelerate. From a bearish perspective, rice may fall to $0.000018 as merchants may take income within the coming days. PEPE additionally confronted the identical destiny with indicators that it may fall under $0.0000040.

Nevertheless, a bullish return may result in a a lot larger worth development. In a extremely bullish case, SHIB may rise to $0.000030 whereas PEPE may rise to $0.000060.

Dogecoin (DOGE) vs. dogwifhat (WIF)

The worth of DOGE has dropped from $0.15 to $0.13 at press time. The WIF worth additionally dropped from $1.70. However in contrast to SHIB and PEPE, the value actions of DOGE and WIF had been completely different. For WIF, his unbelievable rise meant that the bulls stored the bears out of the image for some time.

Nevertheless, the Dogecoin bulls, regardless of being in management, had been nonetheless lurking within the bears’ nook. Utilizing the Fibonacci retracement indicator, Coin Version discovered that the value of DOGE may pull again. For instance, the 0.382 Fib degree was round $0.12, suggesting that the meme coin may see a draw of seven.69%.

This potential draw back was additionally seen on the Superior Oscillator (AO). At press time, the AO was exhibiting crimson bars, indicating potential downward momentum. If this decline results in a decline within the worth of Dogecoin, WIF may be affected. Nevertheless, WIF was unlikely to fall under $1 within the quick time period.