Crypto’s Worst Nightmare: DOGE, PEPE, and PENGU Hit Rock Bottom 🐕🐸🐧

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Behold, the crypto market! A realm where madness reigns and hope is a commodity traded in decimal points. With altcoins frothing at the mouth like a demented ferret, memecoins-those paragons of financial alchemy-refuse to be left behind. $DOGE, $PEPE, and $PENGU have all reached the lowest depths, a feat akin to a penguin wearing a top hat and monocle. Is now the time to invest? Or is this merely the prelude to a more profound despair? 🤷‍♂️

$DOGE consolidates at major support

$DOGE, that paragon of cryptocurrency, is now a model of composure. The recent plunge from the ascending wedge-oh, how it danced!-precisely met the measured move, only to be snatched up by the collective delirium of buyers. The price has not yet returned to the wedge, but instead, it hovers along the $0.20 horizontal support line, a lifeline for the desperate. This is major support, as evidenced by the previous price action, which was about as reliable as a weather forecast in a hurricane. With Stochastic RSI indicators at their nadir, poised to cross back up, building a position here is a gamble as thrilling as a game of Russian roulette with a single bullet. If the price falls below support, one can only pray for a miracle. 🐕

The next major price target is at $0.31, the 0.382 Fibonacci level-a beacon of hope for the optimist. Meanwhile, $0.475 at the 0.618 Fibonacci is just below the major local high, a reminder that even in the abyss, there are layers. 🧵

Potential big gains ahead for $PEPE

In the above daily chart, $PEPE is consolidating along the $0.0000072 support line, a level as steadfast as a drunkard’s handshake. If there is one more dip, the $0.000006 horizontal support-dating back to March 2024-awaits, a relic of a bygone era. The trick here is to buy in and set a stop loss that won’t be triggered before a rally up to the $0.000009 horizontal resistance. A task as easy as juggling chainsaws. 🐢

At the bottom of the chart, the Relative Strength Index shows the indicator line has broken through the downtrend line and confirmed above. This looks bullish-unless, of course, the market is merely lulling you into a false sense of security. 🤯

Breaking through overhead resistance is the first target, followed by the descending trendline. After that, $0.0000125 at the 0.382 Fibonacci and $0.0000155 at the 5.0 Fibonacci-numbers so absurd, they could only be conjured by a committee of sleep-deprived mathematicians. 🧮

$PENGU hits bottom of bull flag

The weekly view for $PENGU is a great looking chart-assuming one has a penchant for chaos. It appears $PENGU might have hit bottom last week, retesting the bottom of the bull flag like a confused tourist. Underneath this is some good horizontal support, a concept as fleeting as a joke told in a language you don’t understand. One might expect the price to rise back towards the top of the bull flag, with a potential breakout when it gets there. A breakout that could be as likely as a snowball’s chance in hell. The measured move for the breakout is arrived at by taking a measurement of the pole of the bull flag and transferring it to the bottom of the flag. $0.057 is the potential outcome, a number so small, it’s practically a joke. 🐧

At the bottom of the chart, the Stochastic RSI indicators are in a perfect position to start angling back towards their top limit, signaling large-scale price momentum as they pass above the 25.00 level. A sign of hope, or perhaps just the market’s way of mocking you. 🤡

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2025-10-28 15:38