Dogecoin, Shiba Inu, and Pepe meme coins signal fading bullish momentum

Source Fxstreet
  • Dogecoin price hovers around $0.19 after falling nearly 14% the previous week.
  • Shiba Inu closes below its 50-day EMA, suggesting a potential double-digit decline could unfold.
  • Pepe holds above critical support at $0.0000115; a decisive break lower may trigger further downside pressure.

Meme coins, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are under pressure as the broader crypto market struggles to regain momentum. DOGE and SHIB exhibit signs of weakness following a close below their key levels, while PEPE clings to a crucial support level, with a breakdown likely to accelerate its ongoing correction.

Dogecoin could extend its downleg if it closes below $0.18

Dogecoin price closed below its 200-day Exponential Moving Average (EMA) at $0.21 on Thursday and declined by nearly 10% the next day. At the time of writing on Monday, it trades lower, approaching its weekly support at $0.18.

If DOGE corrects and closes below its weekly level at $0.18 on a daily basis, it could extend the decline to the next support level at $0.15.

The Relative Strength Index (RSI) on the daily chart reads 39, below its neutral level of 50, indicating bearish momentum. The Moving Average Convergence Divergence (MACD) indicator also displayed a bearish crossover, indicating a potential sell signal and a correction ahead.

DOGE/USDT daily chart

DOGE/USDT daily chart

If DOGE recovers, it could extend the recovery to retest its 200-day EMA at $0.21.

Shiba Inu bears could extend a 10% decline 

Shiba Inu price closed below its 50-day EMA at $0.0000139 on Thursday and declined by 8.13% the following day. At the time of writing on Monday, it hovers at around $0.0000127.

If the 50-day EMA holds as resistance, SHIB could extend its decline by 10% from its current levels, potentially retesting its April 16 low of $0.0000114.

The RSI on the daily chart reads 38, below its neutral level of 50, indicating bearish momentum. The MACD indicator also displayed a bearish crossover. It also shows rising red histogram bars below its neutral level, indicating a correction ahead.

SHIB/USDT daily chart

SHIB/USDT daily chart

If SHIB recovers, it could extend the recovery to retest its 50-day EMA at $0.0000139.

Pepe bearish momentum gains traction

Pepe price declined by more than 13% last week as a bearish divergence played out. However, it retested and found support around its 50-day EMA at $0.0000113 on the weekend. At the time of writing, it trades around $0.0000115.

If PEPE closes below the 50-day EMA, it could extend the decline to retest its next daily support at $0.0000103.

The RSI on the daily chart reads 44, below its neutral level of 50, indicating bearish momentum. The MACD indicator also displayed a bearish crossover. It also shows rising red histogram bars below its zero line, indicating a correction ahead.

PEPE/USDT daily chart

PEPE/USDT daily chart

However, if the PEPE price finds support around its 50-day EMA at $0.0000113, it could extend the recovery to retest its daily resistance level at $0.0000121.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff ConcernsS&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
Author  Mitrade
Sept 03, Wed
S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Barclays Boosts S&P 500 Outlook Amid Strong AI-Driven EarningsBarclays has increased its earnings and price projections for the S&P 500 through 2025 and 2026, attributing the upgrade to stronger-than-anticipated corporate results in the first half of the year and a robust earnings landscape despite trade tensions and labor challenges.
Author  Mitrade
Sept 10, Wed
Barclays has increased its earnings and price projections for the S&P 500 through 2025 and 2026, attributing the upgrade to stronger-than-anticipated corporate results in the first half of the year and a robust earnings landscape despite trade tensions and labor challenges.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Sept 26, Fri
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Related Instrument
goTop
quote