Key Takeaways:
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Dogecoin (DOGE) faces resistance below a descending trendline from December.
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Social mentions plummet—DOGE chatter drops 89% from January highs.
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Shiba Inu (SHIB) lags further, with social volume down 92% since December.
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Technical indicators mixed: DOGE holds key EMAs, but RSI signals weakening momentum.
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SHIB’s MACD shows sell signal, with RSI pointing to further downside risk.
Why Are Meme Coins Losing Momentum?
1. Social Media Hype Cools Off
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Dogecoin’s social volume crashes from 1,480 mentions (Jan 2024) to just 170.
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Shiba Inu sees even steeper decline, with mentions falling 92% from December peaks.
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Meme coins rely on retail hype—fewer mentions often lead to lower trading activity & subdued prices.
2. Bitcoin’s Dominance & Profit-Taking Pressure
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BTC’s rally to $111,980 last week briefly lifted altcoins, but gains faded.
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Institutional interest focused on Bitcoin, leaving meme coins in a sideways grind.
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Kaiko report notes “lack of retail euphoria”—funding rates remain below overheated levels.
Dogecoin (DOGE) Price Analysis: Can Bulls Regain Control?
Current Status:
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Trading above key EMAs (50-day, 100-day, 200-day), suggesting structural support.
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SuperTrend indicator flashes buy signal—bulls need to hold $0.19–$0.21 support.
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RSI at 55 (down from overbought), signaling weakening bullish momentum.
Key Levels:
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Resistance: $0.23 (descending trendline breakout).
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Support: $0.21 (200-day EMA) → $0.19 (SuperTrend) → $0.14 (April lows).
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Break above $0.23 could reignite rally, but loss of $0.19 risks deeper correction.
Shiba Inu (SHIB) Price Analysis: Bearish Signals Dominate
Current Status:
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Stuck below 12-hour EMAs ($0.00001443–$0.00001458).
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MACD sell signal active (blue line below red signal line).
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RSI below 50, indicating bearish dominance.
Key Levels:
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Resistance: $0.00001458 (200-period EMA).
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Support: $0.00001409 (100-period EMA) → $0.00001233 (May low) → $0.00001030 (April low).
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Recovery unlikely unless SHIB reclaims $0.00001458.
What’s Next for Meme Coins?
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Without renewed social buzz, DOGE & SHIB may continue consolidating.
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Bitcoin’s price action critical—if BTC surges, meme coins could see relief rallies.
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Traders watching:
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DOGE’s SuperTrend hold ($0.19).
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SHIB’s MACD reversal potential.
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Retail FOMO returning (via social volume spikes).
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Final Verdict: Wait for Confirmation
While Dogecoin’s technicals look stronger than SHIB’s, both need increased retail interest to break out. Until then, caution prevails.
