Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»PEPE vs Shiba Inu: Which Mimecoin Will Dominate the Market in July?
ALTCOIN NEWS

PEPE vs Shiba Inu: Which Mimecoin Will Dominate the Market in July?

By Crypto FlexsJuly 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
PEPE vs Shiba Inu: Which Mimecoin Will Dominate the Market in July?
Share
Facebook Twitter LinkedIn Pinterest Email
  • The two major memecoins had little to distinguish them on price charts or indicators.
  • There was evidence of short-term momentum shifts and slow accumulation for one of them.

Both PEPE and SHIBA have been nearing their 10-day highs. The SHIBA team has been in the news recently, posting about a marketplace that will revolutionize Web3 commerce, but no firm timeline has been released.

With PEPE recently being rejected at a key resistance level, there is little for bulls to cheer about. Which of the two Mimecoins has a more bullish outlook for July?

Future scope and obstacles

Pepe 6 hour chart

Source: PEPE/USDT on TradingView

PEPE was trading in a range of $0.0000099 to $0.0000076. At the time of writing, the middle range level of $0.0000088 was acting as a support line. The previous support level of $0.000009-$0.0000096 has turned into resistance.

The RSI on the 6-hour chart was not yet above neutral 50 and the OBV was also in a downtrend. There was no buying pressure and further losses were expected.

Shiba Inu 6 hour chartShiba Inu 6 hour chart

Source: SHIB/USDT on TradingView

Shiba Inu also ranged from $0.0000174 to $0.0000127 for two weeks. Shiba Inu showed a more bullish outlook in the short term. OBV was moving sideways instead of downtrend like Pepe.

The RSI also showed upward momentum, surpassing the neutral 50 level. According to technical analysis, the Shiba Inu has a more positive short-term outlook, with the price at the high end of the range and the indicator tilted bullish.

Overestimated signals and conflicting conclusions

Pepe SantimentPepe Santiment

Source: Santiment

PEPE’s network value to transaction ratio has skyrocketed along with its circulation, showing that it is relatively overvalued.

However, the 30-day MVRV showed a negative undervaluation. The solution is that the asset is overvalued compared to its circulating value, but the short-term price movement makes it undervalued for investors and the token is undervalued overall.

Organic demand was weak and daily active addresses were also in a downward trend. The average coin age was also in a strong downward trend, showing the distribution.

A comprehensive look at on-chain metrics reveals that PEPE’s weaknesses in the short term are even more evident.

Shiba Inu SentimentShiba Inu Sentiment

Source: Santiment

The NVT wasn’t as high as it was in late April, but the 30-day MVRV poked its head into positive territory.


Read Pepe (PEPE) price prediction 2024-25


The average coin age has been slowly increasing over the past month, indicating accumulation is taking place.

SHIB’s daily active addresses were higher than PEPE’s (2,325 vs. 3,738 as of July 13), and Shiba Inu’s technical and on-chain fundamentals are more solid, which leads to bullish expectations.

Previous: Bitcoin Targets $72,300: Could Liquidations Halt Rise to All-Time Highs?

Next: Rendering Whale Movement Triggers Price Speculation: Could Upside Be Possible?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Most Popular

Bitget adds Cetus Protocol (CETUS) to its growing list of tokens

December 7, 2023

The Future of Cloud Storage: Why StorjCoin Is Revolutionizing the Industry – The Defi Info

February 7, 2024

Is this the end of high costs?

May 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.