$DOGE $PEPE
⚡ Meme Coin Carnage: DOGE, SHIB & PEPE Under Fire
The meme coin market is flashing red alarms as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) face heavy selling pressure. Technical signals and trader positioning suggest the path of least resistance is downward.
📊 Bearish Bets Rising
According to CoinGlass, short positions are piling up across meme coin derivatives, showing clear sell-side domination. DOGE and PEPE record 55% short volume, while SHIB sentiment is even weaker with 57% shorts in the past 24 hours.
🐕 Dogecoin (DOGE)
DOGE slid another 2% Tuesday, extending Monday’s 5% loss. Price now hovers near the 50-day EMA at $0.2163. A breakdown could trigger a move toward the 200-day EMA at $0.2100, while a rebound might retest $0.2407.
🔥 Shiba Inu (SHIB)
SHIB trades within a triangle but risks invalidation below $0.00001244, opening the door to $0.00001166. MACD flashed a bearish crossover, while RSI fell to 43, reflecting fading momentum. A bounce could see SHIB revisit the 50-day EMA at $0.00001304.
🐸 Pepe (PEPE)
PEPE extended its weekly losses, now testing a key triangle support. A close below $0.00001000 risks a slide to $0.00000986, while reclaiming the 200-day EMA at $0.00001120 is critical for bulls.
🔻 With rising shorts and bearish technicals, meme coins face tough days ahead.
