The meme coin market is heating up once again. #DOGECOİN (DOGE), #ShibaInu (SHIB), and #Pepe (PEPE) have delivered impressive double-digit gains over the past week, rekindling investor optimism. However, as the new trading week begins, all three assets are encountering significant resistance levels that could define the short-term trend.
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🐶 Dogecoin ($DOGE ): $0.17 Resistance Holds Firm
Dogecoin posted a 12% gain last week, but started Monday with a modest 1% decline as it continues to struggle against the well-established resistance at $0.17 — a level tested multiple times since June 19 without success.
MACD: A bullish crossover into positive territory suggests the potential for upward momentum.
RSI: Currently at 44, indicating reduced selling pressure and a move away from oversold conditions.
Key Levels to Watch:
Bullish scenario: A confirmed daily close above $0.17 could open the door to a rally toward the psychological barrier at $0.20.
Bearish scenario: Failure to break through resistance may push the price back toward $0.14, the support level tested on June 22.
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🐕🦺 Shiba Inu (SHIB): Trendline Breakout Faces Lackluster Follow-Through
$SHIB climbed 12% last week and briefly extended gains by 2.77% on Sunday. However, it has since pulled back roughly 2% and is showing signs of waning momentum despite a technical breakout above the descending trendline from the May highs.
The next significant resistance lies at $0.00001200, the closing level from June 5.
A breakout above this level could propel the price toward the 50-day EMA at $0.00001252.
Key Levels to Watch:
Bullish scenario: A daily close above $0.00001200 would reinforce bullish momentum.
Bearish scenario: A move below $0.00001155 — Sunday’s opening level — would invalidate the breakout and expose SHIB to downside risk toward $0.00001000.
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🐸 Pepe (PEPE): Bulls Meet Resistance After 17% Weekly Surge
$PEPE delivered an impressive 17% weekly gain and spiked by 8.9% on Sunday. However, the rally has stalled at a descending resistance trendline defined by the highs of May 23 and June 10.
MACD: A bullish crossover on Sunday hints at a potential trend reversal.
RSI: At 46, the indicator reflects a neutral stance with possible upward potential.
Key Levels to Watch:
Bullish scenario: A breakout above the current resistance trendline could target $0.00001196, the May 17 low.
Bearish scenario: A pullback from current levels may see support retested at $0.00000900.
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🎯 Conclusion: Awaiting Breakout Confirmation
Dogecoin, Shiba Inu, and Pepe are each poised at technically significant resistance levels:
DOGE: $0.17
SHIB: $0.00001200
PEPE: Trendline resistance near $0.00001196
Momentum indicators like MACD and RSI are offering early signs of a potential continuation of the bullish trend. However, until these resistance levels are decisively broken on a daily closing basis, the risk of short-term corrections remains elevated.
