Meme Coins Price Prediction: Floor Still Eludes Dogecoin, Shiba Inu and Pepe

• $0.0675 is Dogecoin’s approximate level on Thursday. Losses have extended into a seventh consecutive week, taking the coin to a three-year low.
• With downward momentum easing, Shiba Inu trades just above a critical horizontal support level.
• Following the previous day’s 16% fall, Pepe pauses as attention turns to a rising support trendline.

$75,000 gave way for Bitcoin (BTC) this week. Strong US inflation reports drove the decline, compounding last week’s uncertainty about tighter regulation following the Democrats’ midterm victory. Against this risk-off backdrop across cryptocurrencies, sellers continue to target meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).

During past bear market cycles, Bitcoin declines have often triggered steeper retreats in Dogecoin and other meme coins. PEPE, however, has demonstrated longer-term resilience: its year-to-date (YTD) loss is just 7%, compared with declines of over 40% for DOGE and SHIB. 

Macroeconomic concerns continue to weigh on Bitcoin, leaving meme coins exposed to further losses. As selling pressure intensifies, the technical picture for DOGE, SHIB, and PEPE puts key support zones in the spotlight.

$0.0651 support in focus: Dogecoin’s falling-knife slide signals further downside risk

A seventh consecutive weekly decline has pushed Dogecoin to a three-year low, reinforcing its bearish trend. Both the 50-day and 200-day Exponential Moving Averages (EMAs), at $0.0785 and $0.0885 respectively, remain well above the meme coin’s price.

Below-zero readings in the Moving Average Convergence Divergence (MACD) point to continued bearish momentum. Meanwhile, the Relative Strength Index (RSI) is near 30, signalling persistent selling pressure and early indications that oversold conditions are approaching.

Applied to the mid-September advance from $0.0784 to $0.1058, the Fibonacci retracement places immediate support at the 161.8% extension of $0.0651, which the price is approaching. A confirmed break beneath this area could bring the 200% level at $0.0580 into play, implying downside risk of more than 10%.

Any recovery would first face resistance around the 100% Fibonacci retracement at $0.0784 and the 50-day EMA at $0.0785. Above that cluster, the 200-day EMA at $0.0885 presents the next barrier.

$0.00000432 support under threat: Shiba Inu’s bearish technical picture

$0.00000436 is Shiba Inu’s approximate trading level on Thursday. The meme coin is steadying after the previous day’s 2% fall, but its six-week downtrend has produced a cumulative loss of over 25%.

On the daily chart, downward pressure is levelling off. The MACD and its signal line are converging below zero as the negative profile diminishes, while the RSI remains sideways at 34, just above oversold territory.

Measuring the mid-September rise from $0.00000474 to $0.00000627, the Fibonacci retracement identifies $0.00000432, the 127.2% retracement, as immediate support. This level stands ahead of the 161.8% extension at $0.00000379.

If Shiba Inu rebounds, $0.00000474 could be its first target. A break above that threshold could clear the way towards the psychological $0.00000500 level.

16% pullback turns Pepe’s technical momentum bearish

$0.00000460 was PEPE’s approximate price as it steadied following the previous day’s 16% drop. The retreat is nearing rising trendline support around $0.00000425, linking the lows of 11 September and 8 October. Horizontal support at $0.00000423, defined by the 21 August high, reinforces this area.

Wednesday’s 16% fall shifted momentum in favour of sellers. The MACD moved beneath its signal line, while the RSI slipped through its midpoint to 47.

For the frog-themed meme coin, the easier path appears to be lower towards the $0.0000043 support zone. A confirmed break beneath it would overturn the uptrend underpinned by the rising trendline and expose $0.00000364, the low recorded on 8 October.

To sustain a further extension of its upward trend, Pepe needs to recover the psychological $0.00000500 level and then surpass the 29 October high of $0.00000568.

(An AI tool assisted in preparing this story’s technical analysis. Learn more.)