PEPE, SHIB, LNEX: Top Crypto Investments to Watch in January 2023

Pepe coin recorded a surge as investors bought into the recent dip. This rally was supported by the Santa Claus rally, which saw the BTC price hit $98,000 as the crypto fear and greed index approached the greed zone.

Pepe coin price has seen a recent surge as investors bought into the recent dip, fueled by the Santa Claus rally. This rally saw BTC price hit $98,000 as the crypto fear and greed index approached the greed zone. Pepe’s price movement has hit an over 12% weekly surge to trade above its $0.00001713 support region, begging the question of whether it can hold.

Despite the festive season, scammers don’t have off days and are always looking for new victims—the crypto market is a significant target. Owing to this, Shiba Inu Trustwatch alerted its community to be extra cautious. This alert comes as the SHIB token has recorded a weekly surge of over 9% following the recent meme coin Santa Claus rally. Lunex Network, on the other hand, is eyeing another rally that could see it surpass the current 300% surge.

Pepe Coin Price Analysis; Can the Recent Surge Hold?

The daily chart for Pepe price performance shows that the meme coin price peaked at $0.00002830 earlier this month but later suffered a harsh reversal. It dropped below its crucial support level of $0.00001713, which is the upper side of the cup and handle pattern formed between May and November.

However, Pepe has remained above the 100-day SMA and is looking to flip the 50-day SMA. Despite the recent Santa Claus rally, a complete bullish breakout can only be confirmed once the price of Pepe surges past its physiological point of $0.000025. Moreover, according to IntoTheBlock data, its active address ratio seems to have dropped to its lowest in over a month.

The RSI at 43 points to a neutral outlook with the possibility of either a break or a dip. As the price of Pepe continues to enjoy the Christmas rally hovering around the $0.000018 region, it could be early to rule out the Pepe price crash, as the recent rebound might be a dead cat bounce. It could also be forming a dipping flag chart pattern, a popular downtrend continuation signal.

Shiba Inu Price Prediction: Is SHIB on The Verge of Breakout?

As Shiba Inu warns its community against scammers and the general market witnesses signs of recovery following recent corrections, the SHIB token surge has pushed it closer to a key breakout level, which might signal more gains. Trading above the $0.000021 region, Shiba Inu price movement has been nearing a critical resistance level, defined by its upper boundary of a falling wedge pattern and horizontal resistance zone.

The SHIB token has consolidated within its wedge for weeks, with the recent rally hinting at an imminent breakout. If the price of Shiba Inu manages to break above the wedge’s resistance and surpass $0.0000242, it might trigger a significant rally toward $0.0000348.

On the downside, a dip could see Shiba Inu’s price retest lower support levels, including $0.0000209. Technical indicators are still neutral, with the RSI at 40. The 100—and 200-day SMAs support bullish momentum while acting as immediate support in case of a bearish reversal.

Top Crypto Investment for January: PEPE, SHIB, and LNEX

As the Christmas rally continues to favor meme coins like Pepe and Shiba Inu, which have seen impressive rallies, a new presale gem has also captured the attention of investors. Lunex Network has stood out with its 300% ROI for early investors, and the number is set to surge in January 2025. This surge has been attributed to Lunex’s unique features within the DeFi space.