Dogecoin (DOGE) and Shiba Inu (SHIB) continue to struggle under persistent selling pressure, while MemeCore (M) shows signs of a potential recovery. The three meme coins are approaching important price levels that could determine their next moves.
Dogecoin and Shiba Inu remain below their major moving averages, signaling continued weakness. Meanwhile, MemeCore has reclaimed important technical levels and is approaching the $1 psychological barrier.
Dogecoin trades near $0.07714 as bearish momentum continues to dominate its daily chart. The token maintains a pattern of lower highs and lower lows beneath a descending trendline. Additionally, DOGE trades below its four major exponential moving averages (EMAs), reinforcing the broader downward trend.
The immediate support sits at $0.07486, a level that could determine DOGE’s next direction. A daily close below this threshold could encourage further selling. Hence, traders may watch for additional weakness if buyers fail to defend this zone.
However, a recovery could begin if DOGE reclaims resistance between $0.08183 and $0.08222. This area combines the 20-day EMA and Fibonacci resistance. Moreover, the $0.08432-08463 range presents another obstacle near the 50-day and 100-day EMAs.
DOGE’s Bollinger Bands %B reading stands at 0.16, placing its price near the indicator’s lower band. This position reflects selling pressure, although buyers could attempt a short-term rebound. Significantly, the $0.09117 level remains a distant recovery target near the 200-day EMA.
MemeCore presents a stronger short-term picture after rebounding from support near $0.66687. The token has climbed 7.29% to approximately $0.99666, recovering above its 20-day EMA at $0.90670.
Additionally, M has reclaimed the $0.92869 Fibonacci level, suggesting renewed buying interest. Its immediate challenge lies at $1.01140, where the 50-day EMA could restrict further gains.
A sustained daily close above this resistance could strengthen the recovery. Consequently, traders may monitor $1.09067 as the next upside target, followed by $1.22158. These levels would represent further progress if buying momentum continues.
However, MemeCore still trades below its 100-day and 200-day EMAs. Its Bollinger Bands %B reading of 0.78 indicates improving momentum, but the broader trend requires further confirmation.
On the downside, $0.92869 and $0.90670 provide nearby support. A break below both levels could weaken the recovery and expose the $0.80 area. Moreover, the previous low near $0.66687 remains a critical support reference.
Shiba Inu trades around $0.00000486 after declining 1.42%, extending its bearish daily-chart structure. The token continues to form lower highs and lower lows beneath a descending trendline.
SHIB also remains below its four major EMAs. The 20-day EMA near $0.00000515 offers immediate resistance, while the 50-day and 100-day EMAs cluster around $0.00000523-00000526. Additionally, the 200-day EMA near $0.00000556 represents a stronger barrier.
The Bollinger Bands %B indicator stands at 0.17, indicating that SHIB trades near the lower end of its recent range. Nevertheless, a short-term rebound remains possible if buyers regain control.
SHIB needs to reclaim $0.00000512-00000515 to begin challenging its bearish structure. A breakout could open the way toward $0.00000534. Conversely, losing support around $0.00000477-00000480 could expose SHIB to further declines.
