- DOGE, SHIB, and PEPE trade below major EMAs as bearish momentum keeps sellers in control.
- DOGE risks further losses below $0.07960, while SHIB faces critical support at $0.000004826.
- PEPE could fall toward $0.000003644 if support breaks, despite potential relief buying.
Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) face continued downside risks as sellers maintain control across their four-hour price charts. All three meme coins trade below their major exponential moving averages (EMAs), reflecting weak momentum and limited buying strength. Additionally, each token approaches important support levels that could determine its next price direction.
Dogecoin Price Prediction: DOGE Struggles to Recover as Bearish Momentum Persists
Dogecoin trades near $0.07993 after declining from the $0.0965 region. The cryptocurrency continues to form lower highs and lower lows, reinforcing its downward trend. Moreover, DOGE has fallen below the 0.236 Fibonacci retracement level at $0.08210.
The four-hour chart shows DOGE trading below its 20 EMA at $0.08342. Its 50 EMA stands at $0.08592, while the 100 and 200 EMAs sit near $0.08813 and $0.08837, respectively. This arrangement highlights persistent selling pressure and resistance above the current price.
DOGE faces immediate support around $0.07960, followed by stronger support at $0.07764. A breakdown below these levels could extend the decline. However, a recovery above $0.08210 could open the way toward $0.08342 and $0.08485.
Significantly, its Bollinger Bands reading sits near the lower boundary, suggesting intense selling pressure. This condition could encourage a relief bounce, although buyers must reclaim resistance levels before the outlook improves.
Shiba Inu Price Prediction: SHIB Approaches Critical Support
Shiba Inu trades near $0.000004942 as its four-hour chart maintains a bearish structure. The token continues to register lower highs and lower lows, while a descending trendline restricts recovery attempts.
SHIB remains below its major EMAs, with the 20 EMA at $0.000005175 and the 50 EMA at $0.000005339. Additionally, the 100 and 200 EMAs near $0.000005460 and $0.000005470 create a substantial resistance zone.
The immediate support sits at $0.000004927, while $0.000004826 represents the critical downside level. A decisive break below this floor could expose $0.00000464 and $0.00000429.
However, SHIB could attempt a recovery if buyers reclaim $0.000004999. A sustained move above $0.000005105 would strengthen the rebound case. Its Bollinger Bands reading near 0.07 indicates proximity to the lower band, but this alone cannot confirm a reversal.
Pepe Price Prediction: PEPE Faces Pressure Below Its Moving Averages
Pepe trades around $0.000003883 after retreating from approximately $0.00000413. The latest decline pushed PEPE below its major EMAs, leaving sellers with the advantage.
The token faces resistance between $0.000004048 and $0.000004105. Above this zone, $0.000004132 represents another hurdle, followed by $0.000004181.
On the downside, $0.000003805 provides immediate support. Consequently, a breakdown could expose $0.000003700 and the stronger support at $0.000003644.
PEPE’s Bollinger Bands reading near -0.02 indicates that its price has slipped below the lower band. This could invite short-term buying, although continued weakness may outweigh any recovery attempts.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
