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Recently, the Crypto Assets market has seen some notable trends, especially in certain well-known memes.
DOGE coin has shown an upward trend since June. Although there was volatility in July, with the price once rising to $0.28 before retreating, it has currently regained its position above the upward trend line. The short-term RSI random indicator has rebounded from the bottom, suggesting that bulls may regain strength. From a weekly perspective, the previous fluctuations of DOGE have pushed the price to the 0.618 Fibonacci extension level. To maintain the upward momentum, bulls need to break through this position, and the 0.786 Fibonacci extension level at $0.59 can be seen as a potential target. The MACD indicator shows that the indicator line is above the signal line, and for the first time, green bars have appeared, indicating that the upward momentum may continue.
Another highly watched meme coin PEPE seems to be forming an ascending triangle pattern in its price trend, which is often seen as a bullish signal. If buyers can break through the resistance level of $0.000012, the next target will be $0.000014. If these two key resistance levels are breached, PEPE could continue to rise to $0.000022, demonstrating strong upward momentum.
It is worth mentioning that the PENGU coin has performed remarkably on the daily chart, with an increase of up to 1,130%. Currently, PENGU seems to be forming a bullish triangle flag pattern, which usually indicates that the price may continue to rise.
However, investors should bear in mind that the Crypto Assets market is highly volatile, and price trends can change rapidly. Before making any investment decisions, it is essential to conduct thorough research and risk assessment. Additionally, different technical indicators may provide different signals, making it crucial to analyze the market situation comprehensively.
Overall, the recent price trends of the three memes DOGE, PEPE, and PENGU have garnered widespread attention in the market. Although technical analysis shows some positive signals, investors still need to remain vigilant and closely monitor market changes.