Meme Coin plummets – Dogecoin, Shiba Inu and Pepe retest the critical support zone 🐕🐸🔥
The cryptocurrency market is witnessing a strong sell-off, causing meme coin groups like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) to suffer heavy losses. Speculative capital is clearly retreating, as the Open Interest of all three tokens has sharply decreased in the past 24 hours – a sign that traders are "dodging the storm".
$DOGE is hovering around $0.18, the death cross pattern appears when EMA50 crosses down EMA200 – signaling a short-term downtrend. If it breaks below $0.178, DOGE could retreat to $0.1427; conversely, a bounce could test the $0.2086 zone.
$SHIB is experiencing a slight recovery around $0.00001000, with MACD preparing for a bullish crossover and RSI exiting the oversold region. If it surpasses EMA50 and EMA200, SHIB could extend its rebound.
$PEPE is still holding at $0.00000645, but if it breaks this level, the risk of a deep drop to $0.00000404 is real. RSI near 36 indicates that selling pressure still dominates, but a bounce-back reaction could still occur.
Overall, meme coins are in a defensive phase as market sentiment turns pessimistic. The current support zones are the last "lifebuoys" for the bulls.
⚠️ This article is for informational purposes only and is not investment advice. Buying meme coins is like dating an ex – fun when you're in the mood, sad when you lose capital! 😅