The prices of DOGE, SHIB, and PEPE are approaching important resistance levels: Will a breakthrough occur?

Meme coins are taking advantage of the strong recovery wave in the crypto market to accelerate their comeback. The three leading names in the segment – Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) – are currently approaching key resistance levels on the daily chart. Expectations for a spectacular breakout are spreading within the investor community. However, technical indicators are still sending cautious signals, indicating that this asset group has not yet truly overcome the critical "zone" in their journey to establish a new trend.

Dogecoin Aims for a New Surge as Market Momentum Shifts

Dogecoin is showing signs of hesitation as it enters Thursday's trading session, with a Doji candlestick pattern appearing on the chart – a signal indicating a fierce struggle between bulls and bears following a strong breakout of 6.91% on Wednesday. This opposing pressure occurs right at the short-term resistance zone of $0.1694 – a price level that had been rejected in the most recent Sunday session.

If DOGE can close a candle above this level, the meme coin could extend its rally to the June peak around $0.2067.

Daily DOGE/USDT Chart | Source: TradingViewFrom a technical perspective, the indicators are revealing a shift from a bearish trend to a balance. The Relative Strength Index (RSI) is currently oscillating around 47 – just below the neutral threshold of 50, indicating that momentum has not entirely shifted towards the bulls. Meanwhile, the MACD indicator has yet to send a confirmed bullish signal, although both the MACD line and the signal line have been gradually turning upwards since June 27.

However, if DOGE continues to form a Doji candle or a bearish candle in the Thursday session, the likelihood of a short-term reversal will increase. At that point, this coin may revisit the Tuesday low at $0.1567 – simultaneously erasing much of the bullish momentum that the strong engulfing candle from Wednesday provided.

Shiba Inu approaches a critical decision threshold

At the time of writing, Shiba Inu (SHIB) is recording a slight increase of nearly 1%, continuing an impressive bounce back of 5.45% in yesterday's session. However, to maintain an upward trend, SHIB needs to break through the important resistance level at $0.00001200 – a price zone that has twice caused the bulls to falter last Sunday and Wednesday.

If the closing price decisively breaks above this mark, SHIB is likely to extend its bullish wave, aiming for the zone $0.00001335 – the closing price recorded on June 10.

SHIB/USDT Daily Chart | Source: TradingViewTechnical indicators are gradually leaning towards the positive side. Specifically, the RSI is currently at 49 and is approaching the neutral threshold of 50, indicating signs of a bounce back in momentum. At the same time, the MACD line has crossed above the signal line since June 25 and is currently continuing to move into the positive zone – reinforcing expectations for a new upward trend.

However, if SHIB continues to be rejected at the level of $0.00001200, this coin may reverse and test the support zone of $0.00001121 – where it previously proved effective during Tuesday's trading session.

Pepe approaches the breakout threshold from the descending triangle pattern

PEPE is showing positive signs with an increase of nearly 2% at the time of writing, continuing to hold strong above the important psychological support level of $0.00001000. This meme coin has just surpassed the short-term resistance level – formed by connecting the peak on May 23 and the closing price on June 10 – indicating the first signs of a potential breakout.

However, for the uptrend to be truly solidified, PEPE needs to break through the resistance zone of $0.00001037 – a level that was rejected during Wednesday's trading session.

If it can overcome this barrier, PEPE may aim for the next target at $0.00001196 – a price that was tested on June 8th.

PEPE/USDT daily chart | Source: TradingViewTechnical signals are currently leaning towards the bulls. The RSI has bounced back to the neutral level of 49 after falling into the oversold zone, while the MACD indicator has also sent a positive signal as the two moving averages crossed upwards on Sunday, indicating that bullish momentum is returning.

However, a closing session in the red today may weaken the uptrend and pull the price of PEPE back to the key support zone around $0.00000900.

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