If you’ve been paying any attention to the cryptocurrency market lately, you’ve no doubt heard plenty of buzz about meme coins like Shiba Inu, Dogecoin, and more. These fun-loving tokens have captured people’s imaginations and driven huge gains in recent months. But which meme coins are worth watching closely in 2022 and beyond?

In this in-depth analysis, we’ll break down the latest price movements and predictions for four top dog-themed coins: Shiba Inu, Dogecoin, PEPE, and Dogwifhat. I’ll compare their technicals, highlight key levels to watch, and discuss factors that could fuel further upside. By the end, you’ll have a clear idea of which meme coins have the strongest fundamentals and trading setups.

Let’s get started!

Shiba Inu (SHIB)

Current Price: $0.00002256 .1W Change: +132%

Fresh off a monster rally, SHIB has pulled back slightly but remains in a very bullish posture. As the chart shows, it recently broke decisively above the 23.6% Fibonacci retracement level – a technical breakout that bodes well for the upside. Many analysts are eyeing SHIB’s next major resistance level at the 50% fiber line around $0.00003650. Reaching this level would represent gains of over 60% from current prices. Strong volume and momentum could see SHIB testing resistance turned support in the coming weeks or months.

Beyond technical drivers, SHIB still benefits from community enthusiasm. Its army of passionate “Shibarmy” holders provides crucial buying pressure. Continued exchange listings and merchant adoption are also huge positives for long-term viability. Overall, SHIB’s setup remains quite enticing. A pullback near current prices would offer an excellent risk/reward entry point ahead of a potential run at the 50% level.

Dogecoin (DOGE)

Current Price: $0.1456 .1W Change: +69.5%

The original memecoin is back in a significant uptrend after bottoming near $0.06 earlier this year. Dogecoin just broke above the critical $0.15 resistance level on a very heavy volume, setting the stage for potentially big gains.ChatGPT and other analysts have suggested DOGE could target $0.20 or higher given this bullish reversal and weekly chart structure. Reclaiming the $0.15 zone as support would reinforce the newfound bullish posture. Of course, Elon Musk’s continuing promotion of Dogecoin as his favored crypto remains a potential upside catalyst. His tweets still tend to move DOGE’s price in volatile swings. Increased mainstream adoption would also boost the coin long-term. I like DOGE’s risk/reward here, with consolidation around current prices providing an ideal entry point before a run at new 2022 highs. Its vibrant community and brand recognition give it an edge over mini altcoins pumping lately.

PEPE (PEPE)

Current Price: $0.00000472.1W Change: +242%

In just one week, PEPE has exploded higher by over 240%. But was this massive surge just a quick pump or the start of a longer-term bull run? PEPE is benefitting from the hype around its rare pipes NFT project. But looking at the weekly chart, its parabolic move has stretched into overbought territory on the RSI. A pullback toward the 23.6% Fib level around $0.00000357 could present a lower-risk entry.

That said, the coin does have impressive momentum. If buying volume continues flowing in, it could certainly run further in the short term. ChatGPT highlighted the 2.618 Fib extension at $0.0000627480 as a potential upside target reflecting strong market optimism. For those with a higher risk tolerance, small speculative positions on PEPE aren’t unwise at current levels. But new buyers may prefer to wait for an inevitable dip within the next week or so before fully investing.

Dogwifhat (WIF)

Current Price : $1.27.1W Change: +48%

WIF has shown strength lately with a 48% weekly gain creating a bullish engulfing candle. The chart points to the strong possibility of a break above the 1.618 Fib level at $1.8826 according to ChatGPT’s analysis.

Reaching this extension target would mark over 40% upside from current prices. Beyond technicals, WIF is also building out its metaverse gaming ecosystem, creating an engaged community around virtual worlds and NFT collectibles. Compared to other meme coins with multi-billion dollar market caps, WIF still has plenty of room for appreciation. For high-risk investors hunting the next 100x gems, watching WIF’s next moves above $1.50 with potential breakout volume could set the stage for big payoffs.

Wrapping Up

In summary, SHIB, DOGE, PEPE, and WIF all offer compelling risk/reward propositions for short-term traders and long-term crypto buyers. SHIB and DOGE lead the pack due to their proven resilience and larger market footprints. But high-flyers like PEPE may also have legs if the momentum continues.

Always remember to use tight stops and scale in gradually on momentum plays. And don’t risk more than you can afford to lose on speculative altcoins. But savvy traders could seize life-changing opportunities by watching these meme coins closely in the coming weeks. Stay tuned for further price action!