Meme coins, led by Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are down so far this week, extending the prevailing decline. The technical outlook for DOGE, SHIB, and PEPE reflects a bearish bias as meme coins drop below key support levels and broader market conditions grow volatile.
In a week dominated by geopolitical tensions over Greenland and back-and-forth tariff threats, Ethereum (ETH), like much of the broader crypto market, once again showed a strong correlation with macroeconomic factors. The top altcoin has declined by 12% since the beginning of the week.
Bitcoin (BTC) is struggling to stay above support at $89,000 at the time of writing, as headwinds intensify across the cryptocurrency market on Friday.