Dogecoin News Today: SHIB and DOGE Stabilize as PEPE and WIF Lose Momentum

The cryptocurrency meme coin market has entered a phase of consolidation following a week of sharp price swings, with Shiba Inu (SHIB) and Dogecoin (DOGE) stabilizing near key support levels while PEPE and WIF exhibit signs of weakening momentum [1]. Traders appear to be entering a cautious “wait-and-watch” mode amid declining trading volumes and narrowing price ranges [1].

SHIB is currently trading at $0.00001258, with a modest 0.18% decline in the last 24 hours. The token has tested resistance near $0.00001290 but has since retreated into a consolidation phase. Strong support remains intact at $0.00001230, with resistance holding firm at $0.00001285. A breakout above this level could propel the price toward $0.00001320, but the market remains indecisive [1].

PEPE, on the other hand, has seen a more pronounced slowdown, dropping 1.19% to $0.00001061. More concerning is the 21% decline in daily trading volume, indicating a loss of buying interest. The token has been range-bound between $0.0000104 and $0.0000108, where both buyers and sellers are hesitant to commit. A clear breakout is needed to determine the next directional move, but the fading volume suggests that bullish momentum is fragile [1].

Dogecoin remains the largest meme coin in the group, trading at $0.2187 with a $32.9B market cap. The coin briefly tested $0.225 but has since retreated toward $0.215. This level has served as a strong support zone, preventing further declines. However, a sustained move above $0.223–$0.225 is necessary to confirm renewed bullish pressure. A breakdown below $0.215 could open the door to further losses toward $0.210 [1].

WIF, the Solana-based token, is trading at $0.861 after an intraday high of $0.880. The token’s price reversed sharply, indicating a lack of conviction among traders. Key support lies near $0.845, while resistance at $0.870 has so far proven difficult to overcome. With trading volume down 31%, the token’s momentum appears to be waning [1].

The broader altcoin market has also seen a cooling off period, with investors showing increased caution. Alternative narratives such as Unilabs Finance’s mining fund and presale activities are drawing capital away from meme coins [4]. Whale activity has also been noted in PEPE and ADA, suggesting a reallocation of assets within the altcoin space [6].

While SHIB has managed to hold key support levels, analysts warn that a break below $0.000010 could trigger renewed selling pressure [5]. The market remains in an early stage of forming a new trend, and any conclusions drawn from short-term price movements should be treated with caution [1].

SHIB and DOGE’s stabilization, in contrast to the weakening momentum in PEPE and WIF, highlights a broader shift in investor sentiment within the meme coin segment. As the market continues to evolve, the performance of these tokens will serve as key indicators of the sector’s overall health [1].

Source:

[1] SHIB and DOGE Stabilize as PEPE and WIF Show Signs of Weakness

https://coinedition.com/shib-and-doge-stabilize-as-pepe-and-wif-show-signs-of-weakness/

[2] Meme Coins Price Forecast: DOGE, SHIB, PEPE flash sell

https://www.mitrade.com/insights/news/live-news/article-3-1049976-20250819

[3] PEPE price drops 3.92% as memecoin sector slides after

https://tradersunion.com/news/cryptocurrency-news/show/442741-memecoin-sector-drops/

[4] Memecoin Momentum Dead? PEPE And SHIB Both Lose

https://coindoo.com/memecoin-momentum-dead-pepe-and-shib-both-lose-steam-as-unilabs-mining-explodes/

[5] Analyst Says Shiba Inu's $0.000010 Support Could Trigger

https://www.mitrade.com/insights/news/live-news/article-3-1049770-20250819

[6] Whale accumulation in PEPE and ADA signals a shifting altcoin narrative

https://m.facebook.com/manuel.guevarra.369210/photos/whale-accumulation-in-pepe-and-ada-signals-a-shifting-altcoin-narrative-analysts/748150****64843/

[7] Dogecoin shows bullish momentum again

https://www.facebook.com/groups/137****026268276/posts/179****914957383/