Dogecoin, PEPE, and Quant Face Pivotal Price Tests as Asia Markets Open
Memecoins and altcoins brace for volatility—will retail traders ride the wave or get wiped out?
Dogecoin’s make-or-break level: Can the Shiba-themed coin defy gravity again? PEPE’s wild swings leave degens sweating—pump or dump ahead? Quant’s institutional appeal gets a stress test as Asia traders wake up.
Meanwhile, traditional finance bros still can’t decide if crypto is a scam or their next bonus check.
Dog-themed coins SHIB show bullish signs, DOGE faces resistance
Dogecoin (DOGE) and Shiba Inu (SHIB) are down roughly 1% at press time on Tuesday. While the dog-themed meme coins have consolidated for almost a week, shiba inu shows recovery signs in the derivatives market and technical charts as Dogecoin faces headwinds.
Pepe Price Forecast: PEPE price action shows a bearish divergence in play
Pepe (PEPE) price shows signs of bullish exhaustion on Tuesday after failing to breach a key resistance level at $0.000016 last week. The price action of the frog-themed meme coin flashes a bearish divergence on the momentum indicators, suggesting a possible trend reversal. Meanwhile, on-chain data shows an uptick in bearish sentiment, with short positions among traders climbing to the highest level in over a month, raising the odds of a potential downside move.
Top Gainers QNT JUP FORM: DeFi tokens rally as top altcoins stall
The broader cryptocurrency market witnessed a slowdown in the top altcoins like Ethereum (ETH), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE), with a 1% to 3% drop in the last 24 hours. Ignoring this, Quant (QNT) maintains a recovery trend, with the layer 2.5 network announcement for institutions and decentralized finance (DeFi). Jupiter (JUP) and Four (FORM) prolong the uptrend with technical signals suggesting breakout gains.