Meme Coins Experience Mixed Trading as Dogecoin Surges Ahead

The cryptocurrency market has seen a surge in popularity among meme coins, with some showing significant gains. One such coin is Dogecoin ($DOGE), which has been trading above $0.106 and leading gains among major meme coins. This upward momentum is expected to continue if the price closes above the 38.20% Fibonacci retracement level at $0.109 on a daily basis.

However, the price of Shiba Inu ($SHIB) remains range-bound, consolidating near key resistance levels. A break above these levels could trigger a bullish move for this coin as well. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators on the daily chart support the positive outlook for both Dogecoin and Shiba Inu.

Meanwhile, Pepe ($PEPE) has been trading sideways between the 50-day and 100-day Exponential Moving Averages (EMAs). A close above the 100-day EMA at $0.0000040 could trigger a rally toward the weekly resistance.