⚡ DOGE, SHIB & PEPE Trigger Sell Signals — Meme Coin Bloodbath Looms
The meme coin market is flashing red as technical indicators warn of deeper declines for Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). With bearish sentiment building, traders brace for potential breakdowns.
Bearish Signals Intensify
Dogecoin extended its 5% slide from Monday, now hovering near the 50-day Exponential Moving Average (EMA) at $0.2163. A confirmed close below this level could accelerate losses toward the 200-day EMA at $0.2100. Conversely, a rebound may see DOGE retest $0.2407, last tapped on Sunday. The MACD flashed a sell signal, while RSI cooled to 43, reinforcing bearish pressure.
Shiba Inu faces a similar setup. A decisive break below the $0.00001244 support trendline would invalidate its triangular formation, opening doors for losses toward $0.00001166. Still, a rebound could send SHIB back to the 50-day EMA at $0.00001304.
Meanwhile, Pepe continues to lose ground, dropping 3.96% Monday and slipping another 1% Tuesday. A bearish close risks collapsing its symmetrical triangle, pushing price under the $0.00001000 psychological level toward $0.00000986. For recovery, PEPE must reclaim the 200-day EMA at $0.00001120.
Market Mood Turns Risk-Off
CoinGlass data shows short positions dominating, with taker buy-to-sell ratios revealing 55% short interest in DOGE and 57% in SHIB. This suggests traders expect further declines, amplifying downside momentum across meme coins.
With bearish bets rising and technical charts flashing red, DOGE, SHIB, and PEPE remain vulnerable to further carnage unless strong support levels hold.
