- DOGE and SHIB show fading selling pressure but remain below major resistance levels.
- Meme coins remain bearish as DOGE, SHIB, and M trade below all major EMAs.
- MemeCore must reclaim key resistance before confirming a sustained recovery.
The meme coin market continues to struggle as buyers attempt to regain control after months of persistent selling pressure. Dogecoin (DOGE), Shiba Inu (SHIB), and MemeCore (M) all trade below their major trend indicators, highlighting that bearish sentiment still dominates the broader market. However, recent price action suggests selling momentum has started to fade across several charts.
Dogecoin Price Prediction: DOGE Shows Early Signs of Stabilization
Dogecoin continues to trade near $0.0731 after retreating sharply from its May highs. Although the price remains under the 20-day, 50-day, 100-day, and 200-day exponential moving averages, recent consolidation suggests sellers may be losing strength.
Additionally, the Bollinger Band %B sits near 0.39, indicating the token has recovered from oversold territory without producing strong bullish momentum. The first resistance appears around $0.0747, while Fibonacci resistance near $0.0782 aligns closely with the 50-day EMA.
A move above this region could shift momentum toward $0.0837 and $0.0875. Moreover, a breakout above $0.0924 would significantly improve the medium-term outlook.
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On the downside, support remains between $0.0719 and $0.0720, followed by the recent low near $0.0694. Losing this level could trigger another wave of selling.
Shiba Inu Price Prediction: SHIB Defends a Key Support Zone
Shiba Inu trades around $0.00000428 while attempting to hold above its recent swing low at $0.00000404. However, the token still trades beneath every major EMA, confirming that bears maintain overall control.
Meanwhile, the Bollinger Band %B has climbed toward the midpoint, suggesting improving short-term momentum. Even so, buyers still need stronger confirmation before claiming a trend reversal.
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The first resistance stands at $0.00000448, followed by $0.00000462 and $0.00000475. Consequently, a close above $0.00000475 could encourage another push toward $0.00000520. Conversely, losing $0.00000404 could expose the next support near $0.00000380.
MemeCore Price Prediction: MemeCore Faces a Tough Recovery Path
MemeCore continues to trade near $1.19 after collapsing from the $3.00 region. Although the recent selloff has slowed, the token remains well below every major EMA, reflecting continued bearish control.
Furthermore, the Bollinger Band %B reading near 0.27 shows fading momentum following the latest rebound. Immediate resistance appears at $1.33, while stronger barriers emerge between $1.62 and $1.81. Hence, buyers must reclaim these levels before sentiment improves meaningfully.
Support remains at $1.13 and the psychological $1.00 mark. If those levels fail, MemeCore could revisit the broader demand zone between $0.85 and $0.90, with $0.48 serving as the major long-term support.
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