Pepe coin and Dogecoin’s price are expected to bounce back in June

Analysts are expecting interesting price action from both pepe coin and Dogecoin as liquidity shifts from Bitcoin to altcoins.

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As memecoins continue to heat up, analysts are keeping an eye on any potential price movements for Dogecoin and pepe coin.

Dogecoin Price Analysis: Can Whales Push The Price To $0.95?

Dogecoin’s price is currently trading at $0.19 after falling below the key $0.20 level. Some analysts believe that this could be a calm phase before a major move.

Crypto analyst Jmorg highlighted the rising momentum for DOGE, with the Money Flow Index (MFI) ticking up from historical lows. This signals increasing buying pressure and a potential shift in the market trend.

The Bollinger Bands Width has also been narrowing, which is a technical indicator that measures the volatility of an asset's price. When the Bollinger Bands Width tightens, it can be a setup for a large price breakout.

If the next move is upward, Dogecoin’s price could retest its all-time high of $0.73. According to Jmorg, if the rectangle breakout pattern plays out, it could lead to a price of $0.95.

In a broader analysis, a completed Cup-and-Handle formation on the larger time frame points to a potential price target of $1. Furthermore, if the memecoin experiences a massive influx in trading volume, fib levels could lead to a price of $1.20.

In a wilder scenario, Jmorg stated that a repetition of the memecoin’s 8,000% bull run would push Dogecoin’s price to $15, giving it a market cap of $2.3 trillion. However, such a leap would require a perfect storm—Bitcoin at $200K, significant retail hype, and real-world use cases for Dogecoin.

The crypto analyst noted that the memecoin has a history of surprising market participants.

“We're used to seeing 1,000% to 5,000% moves in memecoins, but a 60,000% move like the last time would be something else. It would require a perfect setup with Bitcoin at $200,000, complete mania, and memecoins being used in the real world for it to get anywhere near that kind of valuation.”

Jmorg added that several catalysts could affect Dogecoin’s price action in the upcoming months. These include a pro-crypto U.S. election outcome, which could create a favorable regulatory environment for cryptocurrencies, potentially increasing demand for Dogecoin.

The approval of a DOGE ETF by the Securities and Exchange Commission (SEC) would also likely lead to increased institutional interest in the memecoin, ultimately pushing up its price.

Finally, Elon Musk integrating Dogecoin into X, the social media platform formerly known as Twitter, would generate immense hype, especially if it involved a scenario like enabling Dogecoin tips on the platform.

With its price action remaining in a tight range with low volatility, Dogecoin’s price looks set for a major move, and the market will be watching to see which direction it chooses next.

Pepe Price Analysis: Is A Recovery Brewing After 10% Drop?

Pepe coin price dropped 17% in the past 24 hours, erasing a good chunk of its recent monthly gains.

While traders are buzzing about this move, opinions are divided. Some see more pain ahead, tying this drop to the memecoin’s oversold nature and persistent sellers.

But others suggest this could be a quick pullback ahead of a rebound, highlighting strong outflows and buying pressure at lower levels.

Breaking down the numbers, sellers are clearly in greater control. Over 50% of derivatives volume now comes from the sell side of PEPE.

This strong selling pressure is evident in the massive liquidation of Long traders on major exchanges.