Meme coin market analysis: DOGE, SHIB, and PEPE face critical resistance level breakthrough test.

With the overall strengthening of the Crypto Assets market, the Meme coin market is experiencing a recovery momentum. The top three meme coins by market capitalization — DOGE (DOGE), SHIB (SHIB), and PEPE (PEPE) — are seeing their daily chart prices approach key resistance levels. Although buyers are hoping for a potential breakout pump, technical analysis indicates that these coins are still at a critical crossroads of directional choice.

1. DOGE (DOGE) Market Analysis: Momentum Shift, Focus on Resistance Breakthrough

• Current Price Trend: As of Thursday's report, DOGE formed a Doji ( which indicates that after a pump of 6.91% on Wednesday, the intraday trend is caught in a bull-bear stalemate. This indecision reflects the fierce struggle for price around the short-term resistance level $0.1694 (tested last Sunday).

• Pump Target: If it can successfully break through and hold above $0.1694 resistance level, DOGE price prediction is expected to attack the June high of $0.2067.

• Technical Indicator Interpretation:

  • Relative Strength Index )RSI( is at 47, flat below the midpoint, indicating that market momentum has shifted from bearish to neutral.
  • Exponential Moving Average )MACD( Indicator: Although the MACD and signal line have shown an upward trend since June 27, they have not yet turned positive.

• Downward Risk Warning: If a doji or bearish K-line pattern is formed on Thursday, the pullback risk will increase. It may retrace to test Tuesday's low at $0.1567, which would weaken the positive significance of the bullish engulfing pattern formed on Wednesday.

  ![])https://img.gateio.im/social/moments-87a9b3933a-624594a47e-153d09-7649e1(

2. Shiba Inu Coin )SHIB( Market Analysis: Approaching a Critical Decision Point

• Current Price Trend: As of Thursday's report, SHIB rose nearly 1%, continuing Wednesday's 5.45% increase.

• Key Pump: To sustain the rebound trend, SHIB must effectively break through the $0.00001200 resistance level (tested last Wednesday and last Sunday).

• Pump Target: If it can strongly break through and close above $0.00001200, then the rebound target can be seen at the June 10 closing price $0.00001335.

• Technical Indicator Interpretation:

  • RSI is at 49, ascending upwards, attempting to break through the 50 neutral level, indicating a slight recovery in short-term trend momentum.
  • The MACD indicator and its signal line formed a golden cross on June 25, and are currently approaching the zero axis.

• Downside Risk Warning: If it encounters resistance at the $0.00001200 resistance level and falls back, it may test the $0.00001121 support level (which was tested this Tuesday).

  ![])https://img.gateio.im/social/moments-87a9b3933a-d94760f865-153d09-7649e1(

3. Pepe )PEPE( Market Analysis: Approaching the edge of the descending triangle breakout

• Current Price Trend: As of Thursday's report, PEPE rose nearly 2%, successfully holding the psychological support level of $0.00001000. The coin is currently trading above a local resistance trend line formed by connecting the high point on May 23 and the closing price on June 10.
• Key Pattern: This trend line, along with $0.00000900 baseline support, forms a descending triangle pattern.
• Breakthrough Signal and Target:
  • If it can effectively close above the resistance of the trendline, it will trigger the breakout signal of the descending triangle pattern, which may initiate a pump.
  • To confirm the pump trend, PEPE needs to stay above the $0.00001037 resistance level tested on Wednesday.
  • Potential rise target points to June 8 high $0.00001196.
• Technical Indicator Interpretation：

  • RSI has recovered from the oversold area to 49, supporting optimistic expectations.

  • After the MACD indicator formed a golden cross on Sunday, its moving averages show a rise trend.

    ![])https://img.gateio.im/social/moments-87a9b3933a-86f75a6cf3-153d09-7649e1( Downside Risk Warning: If Thursday finally closes lower, PEPE could fall towards the pattern's baseline support of $0.00000900.