Dogecoin, Shiba Inu, and Pepe Coin Price Prediction as BTC Recovers Above $71

Dogecoin, Shiba Inu, and Pepe Coin prices saw a significant rebound on Wednesday after Bitcoin surged above $71k. 

This recovery is part of a broader rally in the crypticurreny market, which has risen by 4.04%, reaching a total market cap of $2.44 trillion. The price of Dogecoin has skyrocketed beyond 0.094, eyeing more recovery ahead.

Shiba Inu also experienced a 5% increase, while Pepe Coin saw a more impressive 10% rise. The meme coin has a market cap of 34.8 billion, which is an 4.4% increase in the last 24 hours.

The driving force behind this development is the reduction of geopolitical tensions, which were mainly achieved due to a two-week ceasefire between the US, Iran, and Israel. This truce has calmed down the fear of any outbreak of war, which has stabilized world markets. Consequently, Bitcoin, Ethereum, and XRP all have gained significantly, which is a positive sign to the crypto market.

Dogecoin Price on the Move- Can DOGE Hit $0.1 This Week?

Dogecoin price is up 4.77% to $0.0948 in the last 24 hours, closely mirroring the surge in Bitcoin price amid a market-wide rebound. Should DOGE sustain levels above $0.094, the cryptocurrency is bound to move towards testing the resistance area at $0.095-$0.096. 

However, should the price break out higher, the target will be $0.1 for the current week. But a drop below $0.09. Analysts predict that long-term Dogecoin prediction is consolidating within a triangle pattern, suggesting a potential 29% price move in the near future.

SHIB Burn Rises by 3230.98%- Will Shiba Inu Price Delete A zero?

Shiba Inu price has risen 4.96% to $0.00000615 in the past 24 hours, benefiting from a broader market rally. As Bitcoin and the total crypto market cap gained over 4%, SHIB has shown strong positive momentum. 

If future SHIB outlook stays above its 7-day Simple Moving Average ($0.00000612), then it might face some resistance at the level of $0.0000063 to $0.0000064. Alternatively, any move below $0.00000612 will result in a correction toward $0.0000059. Additionally, Shiba Inu’s burn rate has surged by an astonishing 3230.98%, contributing to a deflationary effect that could further drive demand.

PEPE Price Gains 10% as Futures Open Interest Hits $217 Million

Pepe coin price is up 10% to $0.00000370 in the past 24 hours, breaking above near-term resistance. The PEPE is climbing on Wednesday at a steady mark of over $0.00000350, after skyrocketing by 10%, owing to a wider market recovery, which is connected to the US-Iran ceasefire. 

Retail interest in PEPE has increased as the market has been off to the risk-on stance due to the lowered geopolitical tensions in the Middle East. 

The futures Open Interest in PEPE, according to CoinGlass data, increased more than 20% to reach the level of $217 million. The volume of trade has increased by 82.67% to 849.07 million. If PEPE continues to hold above $0.00000350, a test of $0.0000040 is highly likely.

What’s Next For Dogecoin, Shiba Inu, and Pepe Coin Prices?

Dogecoin, Shiba Inu, and Pepe Coin have all experienced rebounds, largely driven by BTC recovery and the easing of geopolitical tensions. With the market mood still in the bullish stage, the top meme coins could keep on their upward trend, and more price tests and potential breakout can be expected in the future.