Dogecoin News Today: Meme Coins' Technical Rebounds Remain Speculative Amid Relentless Sell-Offs

Meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have deepened their December losses amid broad-based bearishness in the cryptocurrency market, extending November's selloff and triggering technical indicators of further declines. The trio, which collectively represent a significant slice of the meme coin sector, are trading below key support levels, with derivatives data and chart patterns [suggesting heightened vulnerability to downward momentum](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836).

CoinGlass data highlights diverging investor sentiment among the three. Dogecoin and Shiba Inu [saw futures open interest rise](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) by 4.33% and 2.62% in the past 24 hours, reaching $1.38 billion and $80.51 million, respectively, signaling lingering bets on a rebound. Pepe, however, lagged, with its futures OI [dropping 6.14%](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) to $208.38 million, reflecting weaker confidence in the frog-themed token compared to its peers.

Dogecoin, currently trading above $0.13000, has posted five consecutive bearish daily candles, with a critical support level at $0.12986—its April low—now under threat. A break below this level could extend the decline to October's $0.09500 trough. [Technically, the RSI at 32](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) on the daily chart nears oversold territory, while the MACD indicator approaches a bearish crossover, amplifying concerns about renewed selling pressure. A potential double-bottom reversal from $0.12986 could target the 50-day EMA at $0.17171, but this remains speculative without immediate bullish confirmation.

Shiba Inu, down to $0.00000800, is [nearing its November 21 low](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) of $0.00000755, with a further drop to $0.00000678 possible if support fails. The RSI hovers near oversold levels, but the MACD also signals a bearish crossover risk. However, [the coin's price action within a falling wedge](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) pattern suggests a potential upside breakout to the 50-day EMA at $0.00000941 if the pattern resolves favorably.

Pepe's decline has accelerated, with the token trading near $0.00000400 after an 11% drop in the previous 24 hours. [A descending channel pattern](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) indicates a key support level at $0.00000341 (S1 Pivot Point), with a breakdown below this level risking a slide to $0.00000227 (S2). The RSI at 29 and a potential MACD crossover underscore oversold conditions, but these signals could confirm renewed selling rather than a rebound. [A rebound above Monday's open](https://www.fxstreet.com/cryptocurrencies/news/meme-coins-dogecoin-shiba-inu-and-pepe-extend-losses-amid-bearish-sentiment-202512020836) at $0.00000454 might validate a channel breakout, targeting the 50-day EMA at $0.00000584.

The broader market's bearish tone, combined with technical fragility in these meme coins, suggests further downward pressure in the short term. While pattern-based rebounds remain possible, the sector's reliance on speculative retail demand and lack of fundamental underpinnings leave it vulnerable to continued volatility.