#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Are meme coins like PEPE, SHIB, and DOGE in recovery?
The bull run in cryptocurrencies has helped some major meme coins come out of the consolidation process. SHIB, DOGE and PEPE bounced off their lows and broke above key resistance levels, starting their bullish trend.
MEME COIN FURRY CONTINUES
PEPE's entry into the crypto space has left other meme coins in the background. Leading meme coins like SHIB and DOGE were in the process of consolidation while the new entrant got all the attention. However, a resurgent atmosphere seems to have taken over the big players as well.
PEPE formed significant support at $0.0000008105. Multiple attempts to go below this price were unsuccessful and the market direction changed. With the rise, the new meme coin broke above the downtrend line formed at the beginning of May.
According to TradingView data, the price at which PEPE was traded was $0.0000014397 at the time of writing. The current chart formation shows that the price could go higher unless there is a major event in the crypto space.
After hitting an annual high of $0.00001590 in February, SHIB has entered a long period of consolidation. Limited upside momentum was observed in SHIB while other altcoins mostly tried to recover. However, the recent crypto market rally has pushed the flagship meme coin above key resistance levels.
The recovery started after the price of SHIB dropped to $0.00000600 on Saturday, June 10, 2023. Since then, SHIB has gained 37% and broke a trendline that has held its price down since mid-April.
At the time of writing, SHIB was trading at $0.00000821 and was showing significant momentum that could push its price higher.
DOGE found support at $0.0538 after falling below the previous support level of $0.0626 established in March. With the latest rally, the dog-themed meme coin has made up for its loss from the drop and made a profit. It broke above the previous support level and broke the previous support level which has become resistance. It has also crossed a downtrend line.
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