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Popular meme coin price predictions: The rebound momentum of DOGE and SHIB is strengthening, while the possibility of a golden cross for PEPE is continually increasing.
DOGE, SHIB, and PEPE and other internet memes coins have risen over 4%, following Bitcoin (BTC) breaking through the $122,000 pump. With the increase in investors' risk appetite, diversified capital flows into internet memes coins, driving the zone's market capitalization to surpass $6.9 billion.
With the increasing upward trend of DOGE, SHIB, and PEPE, traders expect the pump to continue. From a technical perspective, if these internet memes coins maintain their upward momentum, a bullish tendency will emerge.
DOGE's resurgence recovers $0.20
FXStreet analyst Vishal Dixit stated that as of the time of this report on Monday, DOGE has risen over 4% and surpassed the 200-day exponential moving average (EMA) of $0.2028 after a bottom reversal.
If the daily closing price of DOGE is definitively above the dynamic line, its upward trend will continue to the resistance level of 0.2145 USD tested last Friday. If DOGE breaks through that resistance level, it may aim for the psychological level of 0.2500 USD, followed by the high of 0.2597 USD on May 11.
Technical indicators show a strengthening bullish momentum, as the Relative Strength Index (RSI) is at 67 on the daily chart, slightly below the overbought zone, and the Moving Average Convergence Divergence (MACD) indicator shows the histogram bars surging above the zero line.
However, if DOGE fails to maintain above the 200-day EMA of $0.2028, the downtrend may extend to the 100-day EMA of $0.1901.
(Source: Trading View)
SHIB is expected to further pump, with bullish momentum strengthening
Vishal pointed out that the SHIB index has rebounded over 4% from the 100-day moving average, indicating a bullish start this week. Since last Friday, the Shiba Inu index has repeatedly shown doji candlesticks, retesting the 100-day moving average, which has injected momentum into the rebound market.
The short-term resistance level for this meme coin is $0.00001421, a level that served as a key support level at the end of May. If the daily closing price is above this level, investors can target the $0.00001567 level last tested on May 23, while the 200-day moving average at $0.00001452 remains a short-term resistance level.
The RSI reading on the daily chart is 68, gradually approaching the overbought territory, while the MACD indicator shows a surge in bullish momentum, with the histogram bars rising above the zero line.
If SHIB corrects and closes below the 100-day EMA, it may retest the 50-day EMA at $0.00001248.
(Source: Trading View)
PEPE's golden cross suggests continued pump
PEPE leads the surge of top internet memes, with a pump of 6%. During the previous weekend, the price of PEPE remained calm, with a doji candlestick chart located around $0.00001200. As bullish signals increase on the daily chart, PEPE's recent downward triangle breakout shows strong rebound momentum.
If PEPE breaks the resistance level of $0.00001362 tested on June 10, it may extend the pump to the high of $0.00001632 on May 23.
Investors on the sidelines may consider the 50-day moving average breaking above the 200-day moving average, indicating that the short-term trend is surpassing the long-term slowdown. Technical indicators maintain a bullish trend, with the RSI at 68, approaching overbought territory, and both the MACD and signal line breaking above the zero line.
On the contrary, if PEPE breaks below the support level of $0.00001196 tested last Saturday, the decline may extend to $0.00001094, the 200-day EMA.
(Source: Trading View)