Memecoin Price Analysis: DOGE, PEPE, SHIB, BONE; Winners And Losers

While the leading cryptocurrency witnessed a supply pressure at $27500, A majority of major coins started witnessing a minor pullback in their ongoing recovery. However, this counter move could offer traders an opportunity to accumulate at discounted prices. Today we will analyze best Meme Coins, identify winners and losers and at last perform chart analysis for top coins. 

Also Read: Why Spot Bitcoin ETF Approvals Risk Further Delay?

Which Meme Coin Is Winning?

As seen in the table, below in last 24 hrs Pepe Coin Price is up by 1.17% while other meme coin are struggling to maintain the price.

On the monthly timeframe, if you look at the comparison chart below Dogecoin is the winner. Other coins like Pepe coin and BONE have fallen sharply thanks to the ongoing crypto winter. If we look closely while Dogecoin has shown great stability, BONE is recovering the fastest, gaining strength as we move into October.

Dogecoin Price Analysis: Range Pattern May Trigger Fresh Rally

Source- Tradingview

For over a month, the Dogecoin price has primarily moved within a sideways trajectory, establishing a constricted trading zone on its daily chart. Despite the significant fluctuation in the broader market, the memecoin has remained within the parameters defined by its August 17th daily candlestick. 

This has set the candle’s high of $0.0684 as a crucial resistance level and $0.0545 as a key support threshold. Amid the current downturn in the crypto market, the DOGE price is inclining toward a downward tilt, nearing immediate support levels at $0.059, followed closely by $0.056. 

However, for a decisive directional move to occur, the asset will need to break either level of the mentioned range.

Pepe Coin Price Analysis: $PEPE Price Prepares an 18% JUMP

Source- Tradingview

Defying the current correction in the crypto market, the Pepe coin price has managed to remain relatively stable and resonated in a narrow range. For over two weeks, the coin traded between two horizontal levels of $0.00000071 and $0.0000006. 

By the press time, the PEPE price traded at $0.0000007 and showed a breakout attempt from the range resistance. This breakout with daily candle closing could bolster buyers to carry an 18% upswing to the combined resistance of $0.00000084 the nd resistance trendline of the channel pattern.

This chart setup has carried the correction phase in this Frog-themed coin for overhead a 

Shiba Inu Price Analysis: Bearish Pattern Threatens Longer Correction

Source- Tradingview 

The Shiba Inu coin price in the daily time frame chart shows the formation of a bearish flag pattern. Currently, this memecoin traders at $0.00000724, and with an intraday loss of 0.55% the prices tried to break the lower trendline.

This pattern offers sellers an opportunity to recuperate selling momentum and lead an extended correction. This breakdown from the flag pattern could push the prices 10% down to hit the next significant support at $0.00000644.

Bone ShibaSwap Price Analysis: Triangle Pattern Hints a Continuation of Sideways Trend

Source- Tradingview 

Contrary to the supply pressure in the crypto market, the Bone ShibaSwap price experienced an upswing in the daily chart. However, this bullish reversal occurred at the lower trendline of a symmetrical triangle pattern.

Under the influence of this pattern, the coin price is likely to prolong a sideways trend resonating between the two converging trendlines. Thus, with sustained buying, the BONE price will likely surge 92% to meet the pattern’s upper trendline.

Thus, a breakout from this pattern would signal a major trend change.