Dogecoin, Shiba Inu, Pepe to plummet like Bitcoin
Dogecoin fell almost 3% on Monday when the MACD indicator signaled a sell.
Shiba Inu falls 3% for the third day in a row.
Pepe falls 4% on Monday, extending the downturn for six days.
Meme currencies including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) fell 3% on Monday, continuing their slump from last week. Meme coins trade below key moving averages, seeking quick support to reset momentum.
Dogecoin, Shiba Inu, and Pepe fall with the market as Bitcoin (BTC) falls below $93,000 on Monday after a leverage-driven surge fails.
Dogecoin is down 3% on Monday, extending the drop for the sixth day. The meme currency remains negative below the 20-day Exponential Moving Average at $0.1375 and the 50-day EMA at $0.1417, restricting recovery efforts. The 200-day EMA at $0.1718 is also falling, reinforcing the bearish tendency.
DOGE needs a daily closure above the falling trendline between the October 27 and January 14 highs to boost tone.
DOGE/USDT daily chart.
DOGE might fall to $0.09500 from the December 31 low of $0.1161.
Shiba Inu falls further amid negative momentum.
Shiba Inu fell over 3% on Monday, extending last week's 4% drop. Bearishness returns when the 20-day and 50-day EMAs crossover near the price.
The October 10 low of $0.00000678 might be targeted if SHIB continues the fall.
A convincing break above the crowded 20- and 50-day EMAs around $0.00000836 might boost momentum.
Starting its third straight negative week, Pepe is under heavy selling pressure. On Monday, the frog-themed meme currency fell 4% to $0.00000541, below the 50-day EMA.
If the decline continues below $0.00000500 psychological support, it might reach $0.00000363, the December 18 low.
The 20-day EMA around $0.00000567 may limit a comeback.
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