🚨 Meme Coins Under Pressure: $DOGE, $SHIB & $PEPE Face Sell-Off Meme tokens are losing steam as bearish signals take control.
🔎 Market Signals
Derivatives data: Shorts dominate — 55% on DOGE, 57% on SHIB.
MACD flipped bearish ➝ momentum shifting lower.
RSI weakening ➝ sellers holding control.
🐶 Dogecoin (DOGE)
Down 2% Tuesday, extending 5% weekly slide.
Testing 50D EMA ($0.2163) — break could target $0.2100.
Rebound target: $0.2407.
🔥 Shiba Inu (SHIB)
Hovering at triangle support $0.00001244.
Breakdown risk: $0.00001166.
Bounce could retest 50D EMA ($0.00001304).
🐸 Pepe (PEPE)
Lost ~5% in two days.
Danger zone: losing $0.00001000 ➝ may slip to $0.00000986.
Needs reclaim of 200D EMA ($0.00001120) to turn bullish.
📉 Overall: Meme coins remain in a bearish zone unless critical supports hold.
