Meme Coins Losing Steam: DOGE, SHIB and PEPE Bulls Retreating
Meme coins aren't doing so hot lately. After a quick jump around January 4th, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have been on a slow decline for almost a week. There's still more selling than buying, and without any good news for the whole crypto market, buyers are having trouble taking charge again.
Right now, things look shaky for meme coins.
Dogecoin is steadying, but the excitement is fading
Dogecoin is trading near $0.1350, trying to hold steady after falling for seven days straight. The price has dropped below the 50-day EMA at $0.1427, which used to be a support level. DOGE is now just above the November 21 low at $0.1332, a spot that limited price in mid-December and has since become a support area.
If the price bounces back from here, it could try to reach the 50-day EMA again, and maybe even the November 26 high at $0.1568, which is also where it was rejected around January 6.
But the momentum is clearly slowing down. The RSI is at 48, below the neutral line, suggesting that sellers are starting to gain control. Also, the MACD is heading back toward its signal line, which means there's a higher chance of a negative shift.
If $0.1332 doesn't hold, the price could drop to the December 31 low near $0.1161, where buyers would need to step in strongly to keep it from falling further.
Shiba Inu is holding onto a key moving average
Shiba Inu is showing a bit more strength, staying just above its 50-day EMA at $0.00000834 after the past week's drop. Trading early Tuesday shows a slight recovery after almost testing the breakout from a falling channel.
If this moving average keeps holding, SHIB might try to recover toward the October 11 level around $0.00000956, which is now a short-term target.
Still, there are warning signs. The RSI has cooled off to 53, dropping from overbought territory, which suggests that buying isn't as strong as it was. Meanwhile, the MACD is moving toward a negative shift, which would confirm that sellers are gaining momentum.
If the price breaks below the 50-day EMA for a while, it would weaken the structure a lot and could send SHIB down to the October 10 low at $0.00000678.
Pepe is watching the 50-day EMA as pressure rises
Pepe has given back its gains from January 3–4 and is now trading just above the $0.00000500 level. The downtrend is still happening, and signals suggest sellers are in control.
The MACD has already gone below the signal line, which is a sell signal. At the same time, the RSI at 55 shows a sharp decrease from overbought conditions — a sign that the bullish momentum is cooling off quickly.
Right now, it looks like PEPE might move toward its 50-day EMA near $0.00000528, which seems to be the next support area.
If there's a general meme-coin recovery — especially if DOGE and SHIB find support — PEPE could try to test the $0.00000650 supply zone again. A stronger recovery could even reach the 200-day EMA at $0.00000738.
In short
DOGE, SHIB, and PEPE are all telling the same story: buyers are losing steam, and important levels are being tested. Unless something new enters the market, meme coins will probably stay up and down, and very sensitive to specific price levels.
For traders, it's important to be patient. These charts are nearing key decision points — and how the price reacts around them will likely determine what happens next. 📉📊
#Doge #Shib #Pepe
$DOGE $SHIB $PEPE