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David Tevzadze
David Tevzadze

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๐Ÿ”ฅ Will $SHIB & $PEPE Memecoins Break Key Resistance Levels?

๐Ÿพ Shiba Inu (SHIB) Price Analysis

SHIB is showing strong bullish momentum on the 4-hour chart, having broken above its 50-day moving average. Trading volume surged 29.7%, while whale transaction count spiked 350% over 10 days, signaling smart money interest. ๐Ÿ“ˆ

Hovering near the upper Bollinger Band suggests possible overextension but also strength. RSI at 60.46 indicates healthy bullish momentum without being overbought. Short term, SHIB could test resistance at $0.0000145, with support at $0.00001205.

๐Ÿธ Pepe (PEPE) Price Analysis
PEPE rides Ethereumโ€™s rally, benefiting from whale accumulation and increased interest. Price is near the upper Bollinger Band, with solid support at the middle band $0.00001245. ๐Ÿ“Š

The 4-hour chart shows PEPE consolidating just below resistance at $0.000014. RSI at 61.83 reflects strong bullish bias with no overbought warnings yet. As long as bulls hold $0.00001188 support, PEPE could attempt a breakout beyond $0.000014 soon.

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