DOGE & PEPE Prices Fight the Bears: Will the Trend Flip After the Fresh CPI Rates Conceal?

The post DOGE & PEPE Prices Fight the Bears: Will the Trend Flip After the Fresh CPI Rates Conceal? appeared first on Coinpedia Fintech News

Bitcoin price reacted positively to the latest PPI rates as it surged above $61,000. Unfortunately, the trend remained within a small time frame as the bears began to reclaim their dominance over the rally. However, DOGE and PEPE rise finely while SHIB, WIF & FLOKI trying hard to trigger a fine rise. 

Pepe (PEPE) Sustains Within a Bullish Pattern

Pepe price has been trading within an elevated trend in the short term, along the ascending trend line. While the bears continue to hold a strong grip over the rally, the PEPE price is trying hard to sustain above the gains and reach the apex of the ongoing bullish consolidation. 

The PEPE price chart in the 4-hour timeframe displays a strong fight between the bulls and the bears in the past few hours. The StochRSI has risen above the average while the price remains stuck to the trend line. Besides, the OBV in the short term suggests the bearish clouds continue to hover over the Pepe price rally. If the price fails to hold support at the trend line, it may slip to the lower ranges close to $0.00000750; otherwise, it may maintain a healthy consolidation & reach the apex at $0.0000925.

Dogecoin (DOGE) in a Decessive Phase

While maintaining its trade within a falling wedge, the DOGE price appears to have reached some crucial levels, which are expected to drag the levels below $0.1. The price has been defending this support for a while and hence a steep bullish trend is expected to begin if the bulls manage to hold the rally above the support until the day’s close. 

The DOGE price trades within an ascending trend in the short term but is feared to lose support as it advances to its apex. The stochastic RSI is about to undergo a bearish crossover, which suggests the price may face a pullback very soon. The bears are leaving no stone unturned in dragging the price lower, which may break the support. However, the Dogecoin price may still sustain above $0.1 and the support at $0.10040 may offer a strong base to trigger a healthy rebound.