Traders Stay Optimistic About Pepe (PEPE) as Dogecoin (DOGE) Gains Traction—What’s Next?

 

Dogecoin (DOGE) Price Update

The crypto market showed signs of stability over the weekend, with buyers regaining momentum. Many seasoned traders seemed to wait for selling pressure to peak, prompting weaker hands to sell in panic. With a notable recovery underway, optimism surrounds Pepe (PEPE), while Dogecoin (DOGE) looks set for a rebound. Bullish sentiment is climbing, and both tokens may experience a potential 20% price surge soon.

Dogecoin’s price has shown resilience as bulls defend key support at $0.30. This indicates strength, suggesting a move past $0.40 could be on the horizon. From there, DOGE might aim for new yearly highs around $0.50. However, short-term bearish activity may interfere, causing a potential dip of 7-8% before the rally resumes.

Current charts reveal that bullish traders are carefully monitoring price action, ensuring the token stays above the ascending trendline. The rally has stalled at the 0.618 Fibonacci retracement level, around $0.3361. Meanwhile, trading volume remains below average, and the Directional Movement Index (DMI) shows convergence, signaling hesitation among traders.

As long as DOGE remains within the $0.3035 to $0.3093 support zone, the outlook stays positive. A climb above the $0.35 to $0.36 resistance range might trigger buying interest, potentially lifting the price past $0.40.

Pepe (PEPE) Price Update

Pepe is testing a key support level as selling pressure weighs on the token. This range has held firm since the November 2024 breakout. The current pullback may be the last before the next upward move. Technical indicators suggest the consolidation period is nearing its end, with trading volume shrinking—a pattern often followed by strong rebounds.

PEPE’s price has been consolidating after a major breakout. Bollinger Bands confirm the narrowing range, hinting at potential upward movement. Meanwhile, the Relative Strength Index (RSI) is forming lower highs and lows, pointing to a possible drop to around 35. This level has served as a solid foundation for over six months, signaling the end of the bearish phase.

Once the token touches the lower Bollinger Band near $0.000016, a price recovery is expected. Despite current selling activity, nearly 90% of market participants remain bullish on PEPE. This optimism suggests the token could sustain growth and push beyond its current range.