Ethereum-Based Memecoins, Shiba Inu and Pepe Are At The Mercy Of Bears But Experts Predict A Rally Is On The Way

The crypto market has gone through a massive crash in the last few weeks, which has impacted meme coins such as SHIB and PEPE.

Shiba Inu (SHIB) is Set for Major Rally, Says Top Analyst

Over the past month, the price of Shiba Inu (SHIB), one of the largest Ethereum-based memecoin, has been moving downwards. Even when the rest of the crypto market experienced a short rally, the Shiba Inu coin did not. In terms of price movement, Shiba Inu price dropped from a monthly peak of $0.00002627 to a low of $0.00001522.

Shiba Inu price crashed by 42% from its peak, showing a clear downtrend on the weekly chart. However, towards the end of the month, the memecoin began consolidating, forming a range between $0.000018 and $0.000022.

At the time of writing, Shiba Inu price is trading at $0.00001927, down by 2.3% over the past day and up by 11.8% over the past week. According to market expert Crypto Sheriff, Shiba Inu is preparing for a major rally from its current price level.

In a recent analysis, the analyst highlighted that Shiba Inu has been accumulating for a long time now and its Relative Strength Index (RSI) has also bottomed out. This, according to him, suggests that the memecoin is set to rally to $0.000045 in the coming trading sessions.

“Shiba Inu is set for a major rally from here. A new bullish wave is forming on the 15-minute time frame and traders should expect huge profits from this trade. I expect the price of SHIB to rally to $0.000045 in the coming trading sessions. Get ready for massive profits,” said Crypto Sheriff.

Pepe (PEPE) Price Analysis: Analysts Predict New Peak Despite Bearish Movement

Like Shiba Inu, Pepe (PEPE) is also trading in the red zone. Data from CoinMarketCap shows that Pepe's price has dropped by 21.9% in the past week and 33.4% in the last month.

Despite the bearish market structure, analysts are still very bullish on the future price of Pepe memecoin. Well-known analysts such as Eljaboom and VegetaCrypto1 have both predicted a new peak for PEPE in the coming weeks.

According to Eljaboom, the price of Pepe could rise to a new all-time high of $0.000026 soon. On the other hand, VegetaCrypto1 gives a more bullish prediction, saying the memecoin's value might pump to $0.000037 in the coming weeks.

“After analyzing the PEPE 15-minute time frame, I have discovered that the memecoin is preparing for a new bullish wave that will take its price to a new all-time high. Traders should get ready for huge profits from this trade. I expect PEPE to reach a maximum price of $0.000026 in the coming trading sessions. Get ready for massive profits,” said Eljaboom in a recent analysis.

“PEPE is preparing for a new bullish wave from its current price level. A new bullish wave is forming on the 15-minute time frame and traders should expect huge profits from this trade. I expect the price of PEPE to rally to $0.000037 in the coming trading sessions. Get ready for massive profits,” said VegetaCrypto1 in a recent analysis.

Angry Pepe Fork: The Next Memecoin To Rule The Market

Those who missed out on the Pepe memecoin gains are advised to keep an eye on the Angry Pepe Fork project, which is currently available for purchase in the first phase of its presale.

According to analysts, the project has the potential to deliver Pepe-like profits in 2023. Members of the community collectively stake their coins to conquer zombie meme coins from the market in one of its unique features, known as the Conquer to Earn mechanism.

The members of the Angry Pepe Fork community benefit from a higher APY for every zombie meme coin that is conquered. Also note there are rewards for individuals who participate in the community, the more you engage the more rewards you earn.

In addition, members can lock their APORK coins for 30 days (for beginners), 60 days (for intermediates), or 90 days (for veterans who want big gains) thanks to the project staking feature. Staking will be made available in the second phase of its presale, giving Angry Pepe Fork the edge over other projects.

The price of the memecoin is expected to jump 200% during the

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