Cryptocurrency market prices experienced turbulent movements on April 2, with most altcoins facing notable pressure across the market. Although Bitcoin remained above $65,000, its rally showed signs of fading momentum. Altcoins experienced a general pullback, indicating that the broader market is struggling to maintain recent gains. Despite this, meme coins offered a surprising deviation from the downtrend.
Top meme coins such as DOGE, PEPE, and SHIB showed a mild rebound during the past 24 hours. The meme coin market cap stood at $2.72 trillion, reflecting a small 0.39% uptick.
Dogecoin (DOGE)
Dogecoin (DOGE), a top meme coin, has been showing signs of recovery over the past 24 hours. The price is currently trading at $0.1712, reflecting a 0.76% increase. DOGE is holding slightly above the key support level of $0.17, suggesting a potential shift in market sentiment.
If the broader crypto market continues to improve, the DOGE price could move toward the $0.20 mark in the near term. Additionally, bullish momentum may push the price higher, possibly reaching $0.30 before the end of April.
Speculation surrounding a possible DOGE-related ETF is also fueling renewed attention toward meme-based assets. This has helped drive renewed interest across similar tokens.
According to a tweet from a crypto analyst, Dogecoin is forming an inverse head and shoulders pattern. The structure includes a left shoulder, head, and right shoulder. A confirmed neckline breakout could signal the start of a stronger upward movement.
Pepe Coin (PEPE)
Pepe Coin (PEPE) price is witnessing a slight rebound following a recent meme coin resurgence. The PEPE price stands at $0.000007342, reflecting a 2% dip over the past 24 hours. Cryptocurrencies price movement shows growing optimism, with technical indicators pointing toward a potential bullish trend.
A crypto analyst issued a fresh alert, highlighting a falling wedge pattern forming on the PEPE chart. The meme coin is now testing resistance, suggesting that a breakout could be imminent. The analyst identified price targets of $0.000017 and $0.000025, urging the market to closely monitor the movement.
Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB) price is still holding steady above the key support zone of $0.000012. This level has remained intact throughout the past week, offering stability even as the broader crypto market trends lower.
At the time of writing, SHIB is trading at $0.00001237, showing signs of resilience despite the general downtrend. SHIB’s 24-hour trading volume surged to $230.07 million, marking a 28% increase within a single day.
Meanwhile, the burn rate for Shiba Inu has jumped by 104,201.39% over the last 24 hours. According to Shibburn data, a total of 115,890,322 SHIB tokens were removed from circulation during the same period.
The increased volume and burn rate activity points to heightened interest in the SHIB ecosystem. SHIB is closely watching its current support as bulls seek a breakout despite crypto market weakness.
Conclusion
Cryptocurrencies prices: DOGE, PEPE, and SHIB showed resilience despite broader weakness, with interest in meme coins slightly improving in a largely uncertain market.
The post DOGE, PEPE, SHIB Price Prediction April 2: Altcoins Bleed But Meme Coins Bounce appeared first on CoinGape.
