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Best Crypto To Buy Now On December 6 – SHIB, DOGE, PEPE

Best crypto to buy Now On December 6 - SHIB, DOGE, PEPE

As the cryptocurrency market is flourishing, some of the best crypto to buy now are Shiba Inu (SHIB), Dogecoin (DOGE), and PepeCoin (PEPE). To start the month with a green stick that too in meme coins, these top three tokens have proved why no one should underestimate meme tokens.

Talking about the global meme coin market, the market cap has reached a staggering valuation of $23 billion with a 10% spike. The top three spots are still intact with SHIB, DOGE, and PEPE. Let’s delve into their technicals to see why these are some best crypto to buy now.

Best Crypto To Buy Now

Meme coins have shown tremendous potential in giving massive returns as well as humongous losses. PEPE, SHIB, and DOGE are all community-driven tokens and have seen price pump and dump multiple times. Experts however keep tracking the movement of these memecoins.

Shiba Inu (SHIB) Price Prediction: Breaking Weekly Resistance

Shiba Inu price chart
SHIB Crypto Price

Shiba Inu (SHIB) has experienced a notable price surge, attributed to the latest announcement from the Shiba Inu team. In their recent blog post, it was confirmed that Shibarium, the layer-2 network, is set to initiate the ‘burning’ of SHIB tokens, marking a significant development.

From a technical standpoint, SHIB has successfully broken out of the descending triangle pattern on the weekly chart, despite its typically bearish connotations. The ongoing bullish trend in the market has elevated the price above the $0.0000084 support level.

The weekly Relative Strength Index (RSI) stands at 58, showing an upward trajectory, indicating a potential for further upward movement. As of writing, SHIB price is trading at $0.00001001, accompanied by a 24-hour trading volume of $691 million. This signifies an 11.76% price increase in the last 24 hours and an impressive 20.31% surge over the past 7 days.

Also Read: Sam Altman Reveals Ambitious Restructuring Plans For OpenAI

Dogecoin (DOGE) Price Prediction: Price Surges More Than 15%

Dogecoin price chart
DOGE Crypto Price

Most of the gains came as social media is filled with a hefty of Dogecoin’s 10th anniversary posts leading to a trend. Dogecoin (DOGE) price recently broke through the rising megaphone chart pattern from the top, breaking through the key $0.1 resistance. The prior resistance, now serving as support at $0.08, had significant trading activity, outperforming several other altcoins. Notably, the 50-day moving average is set at $0.06, which is much lower than the current trading price.

The 14-day Relative Strength Index (RSI) of 79 suggests that the market is overbought, indicating a possible approaching correction. The current increase may be followed by a drop as the impact wears off. Short sellers could enter the market, creating sell pressure that could push the price below $0.09. At the press time, Dogecoin price was trading at $0.10.

PepeCoin (PEPE) Price Prediction:

PepeCoin Price Chart
PEPE Crypto Price

PepeCoin’s recent price surge is majorly attributed to the rise in crypto market optimism. PEPE recently recorded a $666 million market cap milestone which resulted in a 14% spike overall.

Despite a bullish sentiment, PEPE’s price action struggles to breach the $0.00000172 threshold. It is hovering near the $0.0000016 mark after briefly touching $0.0000017.

The Relative Strength Index (RSI) at 73 indicates an overbought condition. At press time, the PEPE price was trading at $0.00000157, accompanied by a 24-hour trading volume of $535 million. Notably, there has been a 14.10% price increase in the last 24 hours and a substantial 40.56% surge over the past 7 days.

Also Read: XRP Lawyer John Deaton Suspects A Possible SEC Rug Pull Ahead Of Spot Bitcoin ETF Approval

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