Dogecoin News Today: Investors Retreat as Meme Coin Optimism Fades

Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are currently experiencing bearish pressure amid a broader market pullback. Capital outflows from derivatives markets have led to a decline in open interest for these assets, signaling a risk-off sentiment among investors. According to data from Coinglass, DOGE’s open interest has dropped by over 2% to $3.58 billion, while SHIB and PEPE have seen more pronounced declines, falling by 2% and 7% respectively to $182.98 million and $596.26 million. This reduction in open interest suggests investors are withdrawing capital and adopting a cautious stance amid heightened uncertainty [1].

Dogecoin, the largest meme coin by market capitalization, is currently consolidating within a symmetrical triangle pattern on its daily chart. A breakdown below the $0.2115 level could trigger further declines, potentially pushing the price down to $0.1909. Conversely, a close above the $0.2407 level could reignite the bullish trend, with potential upside to $0.2848. Technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) remain neutral, suggesting a lack of directional bias in the near term [1].

Shiba Inu, meanwhile, has slipped below its 50-day Exponential Moving Average (EMA), struggling to retain the 8% gains it made on Friday. The asset has lost more than half of its Saturday gains, and is currently targeting a local support trendline near $0.00001200. The momentum indicators suggest a potential bearish shift, with the RSI reading at 48 and the MACD line converging with its signal line. However, a rebound above the 50-day EMA at $0.00001300 could provide a short-term reprieve, allowing SHIB to test the 200-day EMA at $0.00001409 [1].

Pepe, another prominent meme coin, has also seen a three-day downtrend, increasing the likelihood of a Death Cross between its 50- and 200-day EMAs. The coin is currently targeting the $0.00000986 level, with the critical psychological level of $0.00001000 under threat. A decisive move below this level could push the price toward the $0.00000900 support zone. Technical indicators reinforce the bearish bias, with the RSI reading at 45 and the MACD flat in negative territory. A rebound above the 200-day EMA at $0.00001117 would be necessary to trigger a potential rally toward $0.00001266 [1].

The broader market environment for meme coins remains uncertain, with investors adopting a wait-and-see approach amid the ongoing correction. While DOGE, SHIB, and PEPE have all experienced recent declines, the potential for a resurgence is contingent on key technical levels being tested and either broken or held. Given the current market dynamics, analysts are closely monitoring the behavior of these coins for early signs of a potential turnaround that could signal the start of a new meme coin cycle [1].

Source: [1] Could Dogecoin, Shiba Inu, and Pepe extend losses this ... (https://www.fxstreet.com/cryptocurrencies/news/meme-coins-struggle-as-dogecoin-shiba-inu-and-pepe-face-bearish-pressures-202508250707)