Pepe and SHIB Rally on Meme Hype Again—Are These the Top 2 Altcoin Bets of the Next Week?

Meme coins are sparking excitement once more in the crypto market. Pepe and SHIB are drawing attention with their recent price surges. Could these tokens be the hottest picks for the upcoming week? The article explores whether these altcoins could see significant gains soon. Pepe Altcoin Market Analysis Amid Sharp Swings Pepe experienced a 47% surge in price over the last month, but it faced a 35% drop in the past six months. The recent weekly decline of nearly 16% highlights the coin’s volatility. Price movements have shown sharp increases followed by notable corrections, indicating a mixed trend for the longer term. The trading range currently sits between $0.00000647 and $0.00001057 dollars, with resistance at $0.00001223 and support at $0.00000404. A further resistance at $0.00001633 adds to the uncertainty in the market. The moving average is nearly neutral, and the RSI stands at 53, showing a balance between bulls and bears. Caution is advisable when trading within these ranges. Shiba Inu: Volatility and Current Price Analysis Shiba Inu recorded a minor gain of nearly 0.9% in the past month but faced a significant decline of 49.4% over the last six months. Price action indicated mixed signals, as a brief recovery was overshadowed by ongoing weakness. The fluctuations illustrate a hesitant investor sentiment and limited short-term gains, which were insufficient to counteract the overall downtrend. The coin is currently trading between $0.00001 and $0.00001556 dollars, with resistance at $0.00002 and support near $0.000008. Technical indicators show a slight bearish tilt, with momentum suggesting bears have the upper hand, as evidenced by an RSI around 42.5. Traders could look for potential bounces at support or consider shorting near resistance within this trading range. Conclusion PEPE and SHIB are showing strong performances due to meme hype. Both coins have the potential to be top altcoins in the coming week. Their recent rallies suggest growing interest and momentum. However, it’s important to monitor market trends and investor sentiment. The hype surrounding these coins can drive short-term gains. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

Source: Bitzo