1. Memecoin market shows resilience with a 6.23% increase in overall market cap.
2. DogWifHat (WIF) spearheads memecoin recovery, surging by 10% in the past 24 hours.
3. Dogecoin and Shiba Inu demonstrate stability, finding support at their 99-day EMAs despite recent downturns.
4. Pepe struggles with a slower recovery pace but aims to overcome resistance levels.
Dogecoin's Resilience: Despite a 20% dip over the week, Dogecoin has rebounded by 6% in the last day, showcasing resilience in its price action. Currently trading around $0.1656, Dogecoin's bulls prevented a dip below its 99-day EMA, aiming to reclaim $0.24 amidst semi-strong resistance at $1.67.Shiba Inu's Recovery: With a 6% increase in the past 24 hours, Shiba Inu is bouncing back from a 19% decline over the week, aiming to break resistance at $0.00002360 for a potential 90% rally to $0.00004571.
DogWifHat's Rebound: Despite a 25% decline last week, DogWifHat (WIF) is leading the recovery with a 10% intra-day increase, eyeing a rally towards its previous all-time high of $4.9 after confirming recovery from $1.9.
Pepe's Slow Recovery: Pepe witnessed the steepest decline at 27% over the week and has only recovered by 3% in the last day. Slow compared to others, Pepe is attempting to break resistance at $0.00000589 for further upside potential.
These insights highlight the varying dynamics within the memecoin market, emphasizing resilience and potential recovery paths for each cryptocurrency.
$DOGE $SHIB $PEPE
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