What about Shiba Inu and Pepe?
7/19/2024 00:20am
**Shiba Inu (SHIB)** and **Pepe (PEPE)** are two highly volatile meme coins that have experienced significant price fluctuations in the past. While they are not expected to breakout in the same way as Solana, they may still experience minor movements based on market sentiment:
1. **Shiba Inu (SHIB)**: Shiba Inu has been experiencing a bearish trend, with a 24-hour change of -8.70%. However, there are indications of a potential bullish engulfing pattern and a hidden bullish divergence on the daily time frame. This suggests that if the market conditions align, Shiba Inu could see a short-term uptrend. However, given the coin's notorious volatility, any predictions should be taken with caution.
2. **Pepe (PEPE)**: Pepe has shown a bullish trend with a 24-hour change of +1.44%. The Fear & Greed Index indicates a score of 66 (Greed), suggesting that some investors are optimistic about the coin's future performance. However, the price movement is likely to be influenced by market sentiment and general cryptocurrency trends.
In summary, while Shiba Inu and Pepe are not expected to experience a significant breakout today, minor movements cannot be ruled out. The unpredictable nature of meme coins like SHIB and PEPE means that investors should be prepared for potential volatility and should exercise caution when making investment decisions.