Dogecoin Shiba Inu Pepe Coin Plunge 8 to 30 Percent in Bearish Market

Memecoins, including Dogecoin, Shiba Inu, and Pepe, have been the subject of intense speculation and interest in the cryptocurrency market. These digital assets, often driven by community sentiment and viral trends, have shown significant price volatility and potential for substantial gains.

Dogecoin, one of the most well-known memecoins, has experienced a mixed performance in recent months. Over the past week, it dropped by 8.81%, and over the last month, it fell by 23.85%. However, it has seen an impressive 81.50% surge over the past six months. The current price range for Dogecoin is between $0.1446 and $0.2962, with support at $0.0872 and resistance at $0.3904. Technical indicators suggest a bearish short-term outlook, with the Relative Strength Index (RSI) around 33.4, indicating slight weakness. Traders are advised to watch for potential breakouts above resistance levels.

Shiba Inu, another popular meme coin, has also faced challenges. Over the past month, it declined by approximately 15.95%, and over the last six months, it dropped by nearly 7.69%. The weekly loss of about 8.43% highlights a recent downturn, with oscillators and momentum indicators pointing to bearish sentiment. Shiba Inu is currently trading between $0.00001061 and $0.00001825, with resistance at $0.00002256 and support near $0.00000728. The lack of a clear upward trend suggests that traders should consider shorting near resistance or looking for buying opportunities if support holds.

Pepe Coin, known for its volatility, has experienced a sharp decline of nearly 30% over the past month and a 13% fall over the last six months. The weekly drop of around 15% reflects bearish pressure. Pepe is currently trading between $0.00000534 and $0.00001239, with resistance around $0.00001686 and support near $0.00000278. The low