Market Analysis by Investing.com (Günay Caymaz) covering: Dogecoin, SHIB/USD, PEPE/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
First, a wave of optimism flooded the market as lower-than-expected inflation figures triggered an inflow of nearly $80 billion.initially charged towards $70,000, but Powell's statement that the Fed held no commitment to future rate cuts and would keep policy data-dependent sent prices tumbling.all saw some of the highest trading volumes among altcoins. However, all three currently sit at critical support levels.
However, for a true breakout to occur, DOGE needs to clear another hurdle: a cluster of exponential moving averages around $0.15. This would not only confirm a trend reversal but also represent a break of the downtrend that began in March, the year's high point. A breakout could attract more buyers and send DOGE sharply higher, potentially reaching the $0.2 band in the short term.SHIB has emerged as one of the most stable meme coins in recent months. After a meteoric rise of over 350% in February-March, it entered a consolidation phase in April, giving back some gains but maintaining a defined trading range.
For a bullish scenario, a weekly close above $0.000023 is crucial. This could lead to a retest of the resistance at $0.000027. If a significant breakout occurs, accompanied by high trading volume, SHIB could target $0.000031 and $0.000037 in the short term.Unlike Dogecoin and Shiba Inu , PEPE defied the downward trend in May. It surged steadily through April, reaching a record high of $0.00001722 before a slight pullback in the last few days.
On the upside, a potential rebound could see PEPE clear the critical resistance level of $0.000015 and potentially reach new highs in the $0.000018-$0.000019 range.
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