Shiba Inu Momentum Cracking? Here’s Why PEPE and BONK Are Positioned for Bigger Gains

Shiba Inu ‘s recent performance sparks concerns among investors. Contrastingly, PEPE and BONK show signs of strong potential. What factors are positioning these emerging cryptocurrencies for significant gains? Discover the dynamics that could shift the balance in favor of these under-the-radar tokens in the latest market analysis, revealing why savvy investors are paying close attention. Shiba Inu Price Analysis: Short-Term Rally Amid Long-Term Decline Shiba Inu gained roughly 22% over the past month but faced a significant decline of 40% over the last six months. Recent gains indicate a short-term recovery, contrasting with a longer-term downtrend. The coin has shown noticeable volatility, with recent price movements suggesting renewed buyer interest despite ongoing pressures. The performance underscores a market marked by quick, short-lived bullish phases that fail to surpass a more consistent overall decline. Technical indicators reveal a gap between immediate price momentum and lasting trends, highlighting the rapid fluctuations defining Shiba Inu’s price journey. Shiba Inu is currently trading between approximately $0.00000977 and $0.00001334, with immediate resistance near $0.00001527 and another level at $0.00001884. Support is found around $0.00000813, with additional backing at $0.00000455. The RSI reading of 72.46 points to potential overextension, while a one-week gain of about 17% reflects a short-term bullish trend. Bulls are exerting influence, pushing prices toward resistance levels. However, the elevated RSI alongside the significant six-month decline suggests a cautious approach. Traders might focus on buying near support levels for potential rebounds while monitoring resistance zones for breakout opportunities. Bonk’s Roller-Coaster Rally: Strong Gains and Key Price Levels Over the last month, BONK surged with a 168.21% price change, including an impressive weekly increase of 87.01%. In terms of the last six months, the gain stands at 18.19%, indicating steadier progress compared to the explosive recent rally. Price movements have been volatile, characterized by quick spikes and brief pullbacks. These shifts reveal short-term excitement amid an overall moderate long-term growth trend. Historical changes suggest that while the coin can rapidly rally, consistent strength is often rooted in gradual gains. Currently, the coin trades within a range of $0.0000110 to $0.0000181, facing immediate resistance at $0.0000218 and support near $0.0000075. Secondary resistance is around $0.0000289, with support at approximately $0.000000427. The RSI is at 86.01, indicating that bulls have pushed prices into overbought territory; however, the trend remains unclear. While bulls seem to dominate, the high RSI suggests caution. Traders should seek buying opportunities near lower support and profit-taking near immediate resistance, as the market displays strong buying pressure but can be prone to brief corrections. Pepe (PEPE) Price Analysis: Short-Term Surge Amid Long-Term Volatility Pepe traded with a one-week gain near 21% and a month rise of roughly 27%, while enduring a prolonged drop of almost 34% over the past six months. This pattern of rapid short-term recoveries against a longer-term downtrend underscores a period marked by volatile swings and uncertainty. The coin’s recent momentum suggests a burst of buying interest contrasted by underlying market weaknesses observed during the half-year decline. Currently, Pepe’s price is contained within a range of $0.0000075 to $0.0000128, facing resistance at about $0.00001585 and a further barrier at $0.00002115 if buyers drive the price higher. Support stands at approximately $0.00000525, providing an anchor for potential rebounds. While bulls have pushed the price up in the short term, the RSI value of 69.53 indicates near overbought conditions. The market lacks a persistent trend, with bullish moves confined within these levels. Trading strategies could focus on entries near support and exits as the price approaches resistance, ensuring tight risk management. Conclusion SHIB seems to be losing ground as interest shifts. BONK and PEPE show stronger potential for future gains. BONK’s unique features draw more attention. PEPE’s community support continues to grow. These factors position BONK and PEPE for more significant advances. SHIB may struggle to keep up. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo