Meme Coin Price Analysis: Dogecoin, Shiba Inu and Pepe Face Renewed Selling Pressure

Dogecoin ($DOGE), Shiba Inu ($SHIB), and Pepe ($PEPE) are facing renewed selling pressure as bearish momentum weighs on the broader meme coin market. Meme coins are among the most sentiment-driven corners of the digital asset market, and because they trade on community attention and speculative flows rather than fundamental cash flows, traders tend to lean heavily on technical levels and momentum indicators when navigating them. All three tokens have struggled to sustain their recovery attempts, although their technical structures reveal differing degrees of weakness. Dogecoin and Shiba Inu remain firmly below their major daily moving averages, while Pepe retains some strength above its longer-term averages despite recent losses. The levels below outline the key support and resistance zones traders are currently monitoring for each token.

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.

Notably, $DOGE is trading below all four of its major exponential moving averages (EMAs). The 20-day EMA stands at $0.07244, while the 50-day EMA sits at $0.07791. The 100-day and 200-day EMAs remain higher still, at $0.08089 and $0.08809, respectively. With the full EMA stack positioned above spot price, each average — which weights recent price action more heavily than a simple moving average — sits as a potential overhead hurdle, a configuration technicians generally read as broad downside trend alignment across multiple timeframes.

The immediate challenge for buyers is defending $0.06298, which marks recent chart support. A daily close below this level could expose the psychological $0.06000 threshold, a round-number level that tends to draw heightened attention as a shared reference point. Should selling pressure intensify, $DOGE could be pushed toward $0.05500.

On the upside, a recovery above $0.06800 would allow buyers to challenge $0.07120. That resistance coincides with the 0.236 Fibonacci retracement level, and reclaiming the 20-day EMA at $0.07244 would mark an initial improvement in the token's structure.

The Stochastic RSI currently reads 0.00 and 3.83, indicating extremely oversold conditions. Oversold readings alone do not signal a turn, however, as momentum can remain pinned at low extremes for extended stretches while a downtrend persists. Even so, a bullish crossover needs to form before traders can reasonably 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 token continues to record lower highs and lower lows, a pattern that reflects sustained selling pressure.

$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. As with Dogecoin, all four daily averages are stacked above spot, leaving each one a potential obstacle for any recovery attempt.

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 the 20-day EMA at $0.00000459 could improve short-term sentiment. The next resistance stands at $0.00000466, followed by $0.00000496.

The Stochastic RSI readings of 10.98 and 20.81 indicate oversold conditions. At this stage, those readings function more as a gauge of selling intensity than as a standalone reversal signal. However, $SHIB still needs both a bullish crossover and stronger buying activity before its short-term technical outlook improves.

Pepe Maintains Stronger Structure Despite Recent Weakness

Pepe presents a different technical picture from Dogecoin and Shiba Inu. The token trades around $0.00000456 after struggling to maintain its recovery above the $0.00000500 mark.

However, $PEPE remains above its 50-day, 100-day, and 200-day EMAs, which stand at $0.00000447, $0.00000412, and $0.00000400, respectively. The 200-day EMA in particular is among the most widely followed gauges of longer-term trend health, and holding above it underpins the token's comparatively firmer structure even as short-term momentum fades. Its 20-day EMA at $0.00000474 remains the immediate resistance, and reclaiming this level could improve short-term momentum.

Fibonacci indicators identify $0.00000466 and $0.00000490 as additional recovery barriers. A breakout above them could subsequently expose $0.00000524. Conversely, losing the 50-day EMA at $0.00000447 would weaken the broader recovery structure, with further declines potentially exposing $0.00000412 and $0.00000400.

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. How the token behaves around its 20-day and 50-day EMAs in upcoming sessions offers a near-term test of whether this relative strength versus its peers persists.