Meme coin prices have rebounded in the past seven days as crypto investors brace for the upcoming Federal Reserve interest rate cut and as Bitcoin remains above $113,000. This meme coin price prediction provides forecasts for top tokens like Shiba Inu (SHIB), Pepe Coin (PEPE), Dogecoin (DOGE), and Trump Coin (TRUMP).
Shiba Inu Meme Coin Price Prediction
The Shiba Inu price rebounded today, continuing the uptrend that started on Sunday. On the daily timeframe, the token has moved above the upper side of the symmetrical triangle pattern.
SHIB price has also formed a double-bottom pattern at $0.0000120. It has jumped above the 50-day Weighted Moving Average (WMA). Therefore, the token will likely continue rising as buyers target the key resistance level at $0.00001590, its highest point in May this year.
The long-term SHIB price forecast will be cancelled when it drops below the support at $0.00001150.
Dogecoin Price Rises After ETF Launch
Dogecoin price continued rising ahead of the first DOGE ETF launch. It has jumped in the last three consecutive days, reaching its highest level since August 14.
DOGE price rose above the 50-day moving average and the ascending trendline that connects the lowest levels since August last year. It is also nearing the important resistance level at $0.2590, its highest level on May 11.
Dogecoin price may continue rising in the coming days as investors wait for the ETF approval. It will then pull back after that because these funds will likely have lower demand from American investors than Bitcoin and Ethereum.
Pepe Coin Price Rises Above Falling Wedge
The other meme coin price prediction is here is Pepe, the third-biggest player in the industry. Pepe Coin price has rebounded this week, rising from a low of $0.000009132 on Sep. 1 to $0.0000176.
It has jumped above the upper line of the falling wedge pattern, which is made up of two downsloping and converging trendlines.
The distance between the widest part of the wedge is 31%. Measuring the same distance from the breakout level will point to more gains, potentially to the key resistance level at $0.00001335.
Trump Coin Price Technical Analysis
Meanwhile, the Trump Coin price has wavered in the past few day as its demand waned. The coin was trading at $8.65, a few points above the key support level at $8.25. Most notably, it has formed a double-bottom pattern whose neckline is at $11.95.
Therefore, the most likely Trump coin price prediction is bullish, with the target being at $11.95, which is up by 37% from the current level.
Frequently Asked Questions (FAQs)
The most likely meme coin price prediction is bullish as traders wait for the upcoming Fed cut and ETF approval.
DOGE price will likely rise ahead of the ETF launch this week and then drop as investors sell the news.
Pepe token will likely continue rising as investors focus on the forming falling wedge chart pattern on the daily chart.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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