Bitcoin Hits $122K — $DOGE , $SHIB , and $PEPE Prime for
Monnie Brunt OkvK
Updated at: 6 hours ago
{"content":"Bitcoin Hits $122K — $DOGE , $SHIB , and $PEPE Prime for Further Gains
Dogecoin's rounded bottom rally targets $0.2145 over the 200-day EMA.
Shiba Inu rises over 4% over the 100-day EMA as bullish momentum builds.
On Monday, Pepe's uptrend gained nearly 6% amid increased possibilities of a golden crossing.
As Bitcoin (BTC) rises beyond $122,000, meme currencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) gain over 4% at press time on Monday.
Dogecoin recovers $0.20
Dogecoin rises nearly 4% at press time on Monday and surpasses the 200-day EMA at $0.2028 after a rounded bottom.
The DOGE rise might reach $0.2145 barrier level last hit on Friday with a convincing daily closure above the dynamic line. DOGE might reach $0.2500 psychological threshold and the May 11 high of $0.2597 if it breaks this level.
Dogecoin may fall below the 100-day EMA at $0.1901 if it fails to rise above the 200-day EMA at $0.2028.
Shiba Inu expects further gains as bullish momentum grows.
On Monday, Shiba Inu bounced over 4% off the 100-day EMA, indicating a bullish week ahead. SHIB retested the 100-day EMA following repeated Doji candles since Friday, bolstering the rebound.
In late May, $0.00001421, a key support level, was targeted by the meme currency. With a daily close above this level, investors might target $0.00001567, last touched on May 23, although the 200-day EMA at $0.00001452 represents short-term resistance.
A correction and closing below the 100-day EMA might retest the 50-day EMA around $0.00001248.
PEPE’s golden crossing suggests a long rally.
After a peaceful weekend with Doji candles at $0.00001200, Pepe leads the meme currency rally with a 6% increase at press time on Monday. Increasing bullish daily chart hints support Pepe's latest descending triangle breakout surge.
The surge might reach $0.00001632 on May 23 if Pepe breaks the $0.00001362 resistance level previously hit on June 10.
If PEPE breaks below the $0.00001196 support level last touched on Saturday, it might fall to the 200-day EMA at $0.00001094.
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