Meme coins Dogecoin, Shiba Inu, and Pepe remain in constructive daily structures despite recent pullbacks. DOGE trades above its major moving averages, while SHIB and PEPE continue to hold important Fibonacci levels. However, momentum indicators show that buying pressure has weakened after recent rallies.
Consequently, traders now face a crucial test between renewed breakouts and deeper retracements. DOGE needs to reclaim $9.80 before challenging $10.00 again. SHIB must defend the $0.000005545-$0.000005635 zone to preserve its recovery. Meanwhile, PEPE needs to hold $0.000004283 for its bullish structure to remain intact.
DOGE currently trades near $9.52 after facing rejection around the $10.00-$10.10 resistance zone. The pullback has not yet damaged the broader daily trend.
Price remains above the 20-day, 50-day, and 100-day EMAs. Significantly, DOGE also holds above its 200-day EMA near $9.30.
That level could determine whether the current weakness develops into consolidation or a deeper correction. Additionally, the Stoch RSI shows cooling momentum.
The indicator places the fast line near 58, below the signal line around 71. Hence, DOGE needs renewed momentum to challenge higher levels.
A move above $9.80 could reopen the path toward $10.00-$10.10. However, failure to reclaim $9.80 could send DOGE toward $9.30 and $9.18. A break below $9.18 would expose $8.93 and potentially the $8.75-$8.40 support region.
SHIB trades near $0.000005761 after retreating from the $0.000005864 Fibonacci 0.786 resistance. The broader recovery still shows several constructive signals.
Price remains above the 20-day, 50-day, and 100-day EMAs. Moreover, SHIB continues to trade near the 200-day EMA around $0.000005635.
That moving average now represents an important dividing line for the current structure. Meanwhile, Stoch RSI has turned lower after reaching overbought territory.
A daily close above $0.000005864 could strengthen the recovery and expose $0.00000600. Beyond that level, $0.000006270 becomes the next major upside reference.
However, losing $0.000005545 could trigger additional profit-taking. Consequently, traders could then watch $0.000005486 and $0.000005321.
PEPE trades around $0.000004428 after breaking higher from its previous $0.0000032-$0.0000036 consolidation range. The breakout keeps its daily structure bullish.
Price remains above the major EMA cluster, which supports the broader recovery. However, short-term momentum has weakened following the latest advance.
The Stoch RSI shows %K near 48.69, below %D around 66.12. Therefore, PEPE could experience further consolidation before attempting another breakout.
The $0.000004283 level now provides immediate support. Holding that area could keep $0.000004761 within reach.
A sustained move above $0.000004761 would shift attention toward the recent high near $0.000005369. Conversely, losing $0.000004283 could expose the $0.000003978 support.
