Dogecoin Outperforms as SHIB, PEPE Eye Breakouts

Key Moments

Dogecoin Extends Advance After Clearing Key Moving Average

Meme coin markets started the week on a strong footing, with Dogecoin (DOGE) leading the move higher. After climbing more than 9% over the previous week, DOGE continued to build on those gains on Monday, trading above $0.113 following a decisive move through the 100-day Exponential Moving Average (EMA) at $0.104.

Should the current upside momentum persist, DOGE has room to move toward the next notable technical barrier at weekly resistance around $0.119.

On the daily chart, the Relative Strength Index (RSI) stands at 78, above the overbought threshold and pointing upward, signaling strong bullish momentum. The Moving Average Convergence Divergence (MACD) indicator on the same timeframe is also aligned with this constructive view, with increasing green histogram bars reinforcing the positive bias.

If buying interest fades and a pullback emerges, DOGE could retrace toward the 100-day EMA at $0.104, which now acts as an initial support area.

Shiba Inu Tests Upper Boundary of Consolidation

Shiba Inu (SHIB) has been stabilizing and attempting to break out of a consolidation pattern. The token found support around the 50-day EMA at $0.0000061 on Sunday and extended its rebound into Monday, moving toward the upper band of its consolidation zone at $0.0000064.

A daily close above this upper boundary would open the door for a push toward the 100-day EMA at $0.0000064. A sustained move and firm close above that EMA could allow SHIB to aim for the next technical target at weekly resistance near $0.0000068.

The daily RSI prints at 58, sitting above the neutral 50 line but still below overbought territory, pointing to underlying bullish momentum. The MACD on the daily chart is also supportive, with green histogram bars indicating a constructive setup.

If SHIB fails to hold its recent gains and faces rejection at resistance, downside pressure could drag the price back toward the 50-day EMA at $0.0000061.

Pepe Holds 100-Day EMA as Bulls Target Higher Resistance

Pepe (PEPE) is also showing signs of renewed strength. On Monday, the token traded slightly above its 100-day EMA at $0.0000040, having earlier taken support from a daily support zone at $0.0000039.

If PEPE manages a daily close above the 100-day EMA at $0.0000040, the price could extend higher toward the 200-day EMA at $0.0000050, which roughly aligns with a key daily resistance area.

The daily RSI reads 62, comfortably above the neutral 50 level, highlighting ongoing bullish pressure. In addition, the MACD is flashing a bullish crossover, accompanied by green histogram bars, reinforcing the constructive outlook for the token.

Conversely, if PEPE reverses course and closes below the 50-day EMA at $0.0000037, a deeper decline could follow, potentially retesting the April 7 low at $0.0000033.

Related Coverage and Important Disclaimers

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