Pepe’s Coinbase listing pushed its price to an all-time high of $0.000025 yesterday, November 14. However, due to the broader market correction, it has witnessed an 8% pullback over the past 24 hours.

Despite the dip, bullish sentiment around the meme coin remains strong. This suggests a potential revival of its uptrend and an attempt to reclaim its all-time high.

PEPE Traders Anticipate Further Gains

Yesterday, PEPE recorded a 75% intraday rally after leading cryptocurrency exchange Coinbase confirmed its listing on its spot market using a frog emoji. BeInCrypto reported that this coincided with Robinhood’s decision to list the meme coin, which drove it to an all-time high of $0.000025 during yesterday’s trading session. 

Although it has since slipped by 17% to trade at $0.000021 at press time, the meme coin continues to enjoy a significant bullish bias.

The positive reading from its Elder-Ray Index is one confirmation of this. As of this writing, it stands at 0.000011. For context, yesterday, it rose to 0.000018, its highest level ever.

The Elder-Ray Index assesses the strength of bullish and bearish pressures in the market. When its value is positive, it means that bull power is dominant. It indicates strong buying pressure in the market and offers a good opportunity for traders looking to take a long position.

Notably, PEPE’s funding rate confirms the preference for long positions among its futures traders. Per Santiment, the meme coin’s funding rate, which is the periodic fee paid to keep an asset’s contract price aligned with its spot price, is 0.013% at press time. 

When the funding rate is positive, long-position holders pay short-position holders to maintain their trades. This indicates that there are more buyers than sellers in the market, suggesting bullish sentiment, as it reflects higher demand for the asset and a willingness to pay to keep long positions open.

PEPE Price Prediction: It All Lies With the General Market

PEPE is currently trading at $0.000021. If broader market sentiment improves, the meme coin could break through the newly formed resistance at $0.000022. A successful breach would pave the way for the PEPE meme coin’s price to reclaim its all-time high of $0.000025 and potentially rally beyond it in the short term.

However, a sustained decline in demand would push PEPE’s price lower, invalidating the bullish outlook. In this case, the meme coin could drop by 17% to $0.000018. If selling pressure intensifies at this level, the PEPE meme coin’s price may slide further to $0.000015.

The market cap of Solana-based meme coin Moo Deng (MOODENG) has surpassed $600 million following a 40% price increase in the last 24 hours. The milestone also saw the cryptocurrency’s value rally to a new all-time high of $0.63.

Interestingly, this development comes amid a sideways market movement, suggesting that the meme coin has decoupled from the broader trend. What’s next for the token?

Market Attention Shifts to Moo Deng

On Thursday, November 14, the Moo Deng market cap was less than $300 million. However, as demand increased for the hippo-themed meme coin, the price climbed from $0.35 to $0.62.

This price increase also affected the market capitalization since the metric is the product of circulating supply and price. According to data from Santiment, the token’s market cap is $625 million at press time.

MOODENG’s rise to a new all-time high could linked to the trending narrative around hippo-themed meme coins. For instance, yesterday, Binance listed sudeng (HIPPO), a meme coin built on the Sui blockchain. As a result, the hype around HIPPO spread to MOODENG since the latter inspired the former’s creation.

Furthermore, on-chain data shows a massive rise in the token’s social dominance. Social dominance measures the proportion of discussions focused on a specific asset.

An increase in social dominance indicates that discussions about the token are surpassing the average focus on top cryptocurrencies. Conversely, a decrease suggests the market is shifting attention away from the token toward others.

In MOODENG’s case, the rise in social dominance reflects growing market interest. If this trend persists, the cryptocurrency’s volume and price could continue to surge.

MOODENG Price Prediction: Rally Could Run to $0.70

A look at the 4-hour chart shows that MOODENG’s price has rallied above the key Exponential Moving Averages (EMAs). When the EMA is below the price during an uptrend, it acts as a support level. Conversely, when the EMA is above the price during a downtrend, it serves as a resistance level.

Therefore, the current positions of the 20 EMA (blue) and 50 EMA (yellow) suggest that MOODENG’s price might continue to rise. If the indicators maintain their positions below the meme coin’s value, then the value might climb to $0.70, with Moo Deng’s market cap inching closer to $1 billion.

However, if momentum slows, the anticipated move may not materialize. Instead, the price could face a double-digit decline.

Shiba Inu (SHIB) price has experienced a remarkable 65% surge in the past week, attracting significant attention from both retail and institutional investors. However, following this rally, SHIB has seen a sharp pullback, bringing it to a critical support level at $0.00002411. 

This price action has raised concerns, particularly regarding the behavior of long-term holders (LTHs), whose actions suggest that SHIB’s future recovery may not be as smooth as initially hoped.

Shiba Inu Investors Are Restless

In the past 24 hours, Shiba Inu’s “age consumed” metric—a key indicator for tracking the movement of coins held for extended periods—has surged to its highest levels since March. This spike in activity points to the largest shift of LTH-held SHIB tokens in the last eight months. LTHs, who typically form the backbone of an asset’s market stability, have been moving their tokens more significantly than usual. 

This increased activity among long-term holders signals uncertainty, with many investors potentially reconsidering their HODLing strategies. Such moves are typically seen as a bearish signal, suggesting that LTHs may no longer be as confident in the coin’s short-term outlook.

Active deposits, which track the number of unique addresses moving their SHIB holdings to exchanges, have also seen a notable decline. After a significant spike in activity earlier this week, the number of active deposits has dropped, indicating that fewer investors are looking to sell their holdings in the immediate future.

This could be a sign of investors pulling away from the market, possibly awaiting a more favorable market condition or a clearer trend. The decrease in active deposits suggests that there may be less immediate pressure to sell, which is a positive sign for SHIB in the longer term.

SHIB Price Prediction: Saving The Rise

Currently, Shiba Inu’s price stands at $0.00002411, down by 13% over the past 24 hours. This correction, while not drastic, has erased a substantial portion of the recent gains from the 65% rally, leaving investors cautious.

Despite this pullback, SHIB is showing signs of stabilizing around a key support level at $0.00002267, which has held firm for the past few days. If the support level continues to hold, SHIB could start trending upwards once again, with the next resistance target at $0.00002976.

However, if SHIB fails to maintain this support level and slips below $0.00002267, the cryptocurrency could face further downward pressure. A break below this level would open the door for a potential drop to $0.00002093 or even lower, invalidating the current bullish outlook. Such a move would suggest that SHIB is in a more extended period of consolidation or bearish activity, especially if the selling pressure from LTHs continues.