DOGE / USDT
Looking at the 4-hour time frame, we can see that DOGE not only lost its main support but also disrupted its channel structure (which is inherently the logarithmic structure). From this point on, the token is supported in the $0.05 region. The question is whether we will see a lower level here or see a new peak?
If this 4-hour frame is close to the area of interest, expectations will be at a higher level. However, if you refuse to reject this level, expect a June low.
SHIB / USDT
You can use logarithmic charts for a better view. SHIB still controls the bear market. The main support level in question has been broken.
Moving on to our most recent price action, we could see new lows in June. SHIB is currently fluctuating between the area of interest and at its lowest level in June. There has been no confirmation of support yet, hopefully we will see some more consolidation before the next big move.
If the 4-hour frame is close to our area of interest shown, hopefully we’ll see a push toward 970. However, if there is rejection from this area, expectations at the lowest level will continue.
BABYDOGE / USDT
Continuing with the logarithmic chart, however, BABYDOGE is in a corrective phase, more stable than most memecoins. The bulls are now looking to confirm higher lows.
The fact that the 4-hour frame near the new area of interest will be supported by the price creates a push towards the resistance zone of 1,400. However, if there is a rejection of this level, expect to see a sell-off for the support zone of 750.
CATE / USDT
On the left side of the chart, the structure leaves signs that the CATE remains in full control of the bearish price with no signs of a reversal.
If the 4-hour frame is near the new area of interest, the expectation will push up to 4050. However, if there is a rejection of this level, expect to see new lows in June.
FLOKI / USDT
If the 4-hour frame is above the small resistance shown, expect to see the price at 650. However, the rejection of this level will trigger a new low in June.
SAITAMA / USDT
SAITAMA recently launched the second version of the token with 4-hour support that has been found.
If the 4-hour frame is close above the new area of interest, expectations will be pushed to higher levels. However, if there is a rejection of this level, expect to see some further consolidation.
Simple summary of all charts
● DOGE has lost its primary support.
● The SHIB bears are back in full control.
● BABYDOGE continues to look for higher levels of low support.
● CATE shows no signs of price increase anywhere.
FLOKI still controls the bears.
● SAITAMA wants to break through the resistance to support.
What needs attention this week is whether the new bottoms are kept as support or not. The loss of these levels will take memecoins into even deeper abyss.
These are the subjective opinions of the writer!