Memecoin Price Analysis: DOGE, SHIB Face Breakdown Risk as PEPE Gains Momentum

• DOGE trades near $0.06819 after sweeping $0.067, with resistance fixed at $0.08730.
• SHIB approaches $0.00000405 support as selling pressure persists below weekly averages.
• PEPE trades near $0.00000498 above weekly averages as its sentiment score reaches 73.

Memecoin prices diverged on November 11 as Dogecoin and Shiba Inu faced breakdown risks near critical support levels, while Pepe maintained stronger recovery momentum. The contrasting trends reflected broader market weakness, with Dogecoin and Shiba Inu declining approximately 18% over the month preceding November 9, while Pepe gained 19%.

Meanwhile, technical indicators and community sentiment showed continued selling pressure on DOGE and SHIB, whereas PEPE traded above its weekly moving averages amid improving market confidence.

DOGE Breakdown Risk Grows Near $0.067 as Resistance Holds

Dogecoin changed hands near $0.06819 after its weekly Binance chart recorded a brief move beneath $0.067, a closely watched liquidity level. The sweep brought Dogecoin back toward a zone traders had already tested, but it did not erase the wider bearish structure.

Resistance remained at $0.08730, followed by a monthly order block near $0.10560 and another barrier at $0.11861. The price analysis places the next structural low at $0.05560, below $0.067.

Meanwhile, Dogecoin sentiment weakened alongside its chart. CFGI’s fear-and-greed reading slipped to 32 on November 11 from 46 a week earlier. Even so, analyst Dami-Defi preferred Dogecoin over Shiba Inu, citing liquidity, payments, and institutional access.

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SHIB Tests $0.00000405 Support Amid Continued Selling Pressure

Shiba Inu also approached a weekly support test, trading near $0.00000446 against the $0.00000405 level. On its weekly chart, Shiba Inu remained beneath moving averages near $0.00000497 and $0.00000579, and attempts to establish higher highs had failed.

Similarly, cumulative volume delta kept declining, a measure consistent with net aggressive selling. This price analysis identifies $0.00000405 as support and $0.00000574 as the first recovery reference. Beyond that level, the chart identified $0.00000669.

Shiba Inu’s online mood was similarly weak. CryptoKeyhole recorded a sentiment reading of 43 on November 10 and a public-attention score of 12. Those readings contrast with the stronger interest surrounding Pepe.

PEPE Momentum Builds Above Weekly Averages as Sentiment Hits 73

In contrast to both, Pepe traded around $0.00000498, above weekly moving averages at $0.00000372 and $0.00000383. That positioning distinguished Pepe from the weaker weekly setups in both larger tokens. The next resistance references were $0.00000727 and the $0.00000982 weekly order block, while a retreat under those averages would remove the current technical advantage.

CFGI put sentiment at 73 on November 11, within greed territory, against a November average of 62. Separately, analyst Davie Satoshi flagged an approaching overbought weekly Stochastic RSI. Adding to these cautionary signals, analyst Kook Capital questioned memecoin sustainability amid rising issuance and softer speculation.

Key Support and Resistance Levels

Bullish Case

For further upside, DOGE must reclaim $0.08730, SHIB must break $0.00000574, and PEPE must clear $0.00000727, strengthening their respective recovery structures.

Bearish Case

On the other hand, DOGE loses $0.067, exposing $0.05560, while SHIB breaks $0.00000405 and PEPE loses weekly moving-average support.

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