Dogecoin, the leading meme coin, with a market cap of $26 billion, has dropped by about 9% over the last 24 hours. Despite recovering earlier this week, DOGE failed to surpass the 50-day exponential moving average at a price of $0.1976, leading to a continuous decline for three consecutive days, recording a drop of more than 15% from its peak at $0.2067. Shiba Inu continues its negative reversal after facing rejection on Wednesday from a strong and long-term resistance line, determined based on the peaks recorded on December 8, May 10, and May 22. At the time of writing this report, SHIB has decreased by 4% during the day, recording a 30-day low at $0.00001138. Pepe has dropped more than 20% from its weekly high of $0.00001362 during three consecutive days of weakness. This decline has broken the 200-day exponential moving average and threatens to break the level of $0.00001037, which is the lowest price recorded in June. A potential close below the level of $0.00001037 could lead to breaking the psychological barrier at $0.00001000, indicating the potential for a drop towards the support area at $0.00000900, which was last tested on April 26.
