๐Ÿ’ฅ๐Ÿ’ฅReasons Pepe Coin Outpacing Dogecoin, Shiba Inu In June

Irma - Jun 19 - - Dev Community

๐Ÿ“ˆ Market Recovery
The cryptocurrency market is recovering on Wednesday after a week of losses. CoinGecko shows a 1.2% increase in the market cap to $2.487 trillion, with small price increases across the board. Meme coins, particularly Pepe Coin, are at the forefront of this recovery.

๐Ÿธ Pepe Coin Surge
Pepe is up 8.5% to $0.00001141, with its market cap reaching $4.8 billion. It ranks #23 on CoinMarketCap and is the 11th most traded digital asset with a trading volume above $1 billion.

๐Ÿถ Dogecoin and Shiba Inu Struggle
Dogecoin (DOGE) is up 2.5% to $0.1236 but faces resistance at $0.13. It may retest support at $0.12 if the RSI continues downtrend. Shiba Inu (SHIB) is up 1.8% to $0.00001822 but is falling toward support at $0.000018 due to a descending triangle pattern and death cross.

๐Ÿ“Š Potential for SHIB and PEPE
SHIB could rebound above $0.000025 if it breaches the 200-day EMA resistance at $0.00001981. Pepe Coin, despite its recent recovery, is eyeing a breakout from a falling wedge pattern, which could push it above $0.000014 and back to its ATH of $0.00001722.

๐Ÿš€ Pepe Leads Recovery
Pepe's rally this week highlights its popularity among whales, with strong support at $0.00001 and potential for further gains as the RSI improves. A breakout could accelerate its recovery and push it to new highs.

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