- Dogecoin and Shiba Inu remain below all major EMAs, confirming persistent bearish momentum.
- DOGE risks falling toward $0.060 if buyers fail to defend the $0.06298 support.
- PEPE maintains a stronger structure above major EMAs, despite weakening short-term momentum.
Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are facing renewed selling pressure as bearish momentum weighs on the broader meme coin market. All three tokens have struggled to maintain recovery attempts, although their technical structures reveal different levels of weakness. Dogecoin and Shiba Inu remain firmly below their major daily moving averages. Meanwhile, PEPE retains some strength above its longer-term averages despite recent losses.
Dogecoin Risks Another Decline Below $0.063
Dogecoin trades around $0.06394, down approximately 3.86% on the latest daily candle. Its chart continues to display lower highs and lower lows, confirming a persistent bearish structure.
Significantly, DOGE trades below all four major exponential moving averages (EMAs). The 20-day EMA stands at $0.07244, while the 50-day EMA sits at $0.07791. Additionally, the 100-day and 200-day EMAs remain higher at $0.08089 and $0.08809, respectively.
The immediate challenge for buyers involves defending $0.06298, which marks recent chart support. A daily close below this level could expose the psychological $0.06000 threshold. Consequently, stronger selling pressure could push DOGE toward $0.05500.
However, a recovery above $0.06800 could encourage buyers to challenge $0.07120. This resistance coincides with the 0.236 Fibonacci retracement level. Moreover, reclaiming the 20-day EMA at $0.07244 would provide an initial improvement.
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The Stochastic RSI currently reads 0.00 and 3.83, indicating extremely oversold conditions. Nevertheless, buyers need a bullish crossover before traders can consider a potential trend reversal.
Shiba Inu Struggles to Defend $0.00000416
Shiba Inu trades near $0.00000419 after losing approximately 3.90% on the latest daily candle. The cryptocurrency continues to record lower highs and lower lows, reflecting sustained selling pressure.
Besides, SHIB remains below its 20-day EMA at $0.00000459. Its 50-day, 100-day, and 200-day EMAs stand at $0.00000488, $0.00000502, and $0.00000539, respectively.
The immediate support sits at $0.00000416, close to the recent chart low. A breakdown could expose $0.00000400, followed by $0.00000380.
Conversely, a recovery above $0.00000459 could improve short-term sentiment. The next resistance stands at $0.00000466, followed by $0.00000496.
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The Stochastic RSI readings of 10.98 and 20.81 indicate oversold conditions. However, SHIB still needs a bullish crossover and stronger buying activity.
Pepe Maintains Stronger Structure Despite Recent Weakness
Pepe presents a different technical picture compared with Dogecoin and Shiba Inu. The token trades around $0.00000456 after struggling to maintain its recovery above $0.00000500.
However, PEPE remains above its 50-day, 100-day, and 200-day EMAs. These averages stand at $0.00000447, $0.00000412, and $0.00000400, respectively.
Besides, its 20-day EMA at $0.00000474 remains the immediate resistance. Reclaiming this level could improve short-term momentum.
The Fibonacci indicators identify $0.00000466 and $0.00000490 as additional recovery barriers. A breakout could subsequently expose $0.00000524.
Conversely, losing $0.00000447 would weaken its broader recovery structure. Further declines could expose $0.00000412 and $0.00000400.
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The Stochastic RSI readings of 2.08 and 27.84 indicate weakening momentum. Nevertheless, a bullish crossover could provide an early indication of improving buying interest.
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