Meme-Coins in Downtrend: PEPE, SHIB, DOGE Fight for Momentum Reversal

After a four-day recovery from January 4, a roughly seven-day selling phase followed among the leading meme coins. The lack of a bullish catalyst in the overall market is causing a significant slowdown in traction for Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) – with increased risks of pullbacks that have not yet been fully played out.

Pepe: Sell Signal Intensifies – Downside Risk Dominant

PEPE currently shows the weakest signals among the three meme coins. The price remains above the psychologically important $0.00000500 mark but has completely erased all gains from January 3 and 4 during the seven-day selling phase. With a current decline of 7.94% in 24 hours, the negative picture is reinforced.

The critical signal: The MACD crosses below the signal line – a classic sell setup indicating renewed bearish momentum. The RSI at 55 accelerates its decline from the oversold zone, underscoring the lack of buying pressure.

• Technical Situation: The 50-day EMA at $0.00000528 becomes the next support level. A break below opens the way to deeper resistance.
• Recovery Scenario: If DOGE and SHIB show rebound signals simultaneously, PEPE could test the $0.00000650 zone, followed by the 200-day EMA at $0.00000738.

Shiba Inu: Support Weakening, Buying Pressure Diminishing

SHIB is stabilizing just above the critical 50-day EMA at $0.00000834, but traction is clearly waning. After seven days of decline, a slight daily recovery is visible, but momentum is fading.

The RSI stands at 53 and approaches the 50 midline from above – a warning sign of decreasing buying power. The MACD indicator worsens the situation: A bearish crossover below the signal line is emerging and could activate a sell signal.

• Support Levels: Holding above $0.00000834 is essential. A break below shifts focus to the October 10 low at $0.00000678 – an important risk level.
• Rebound Potential: A bounce at the 50-day EMA could lead the price toward the October 11 low at $0.0000956 – provided traction returns.

Dogecoin: Stabilizing above $0.1332, but caution under the EMA

DOGE is trading at $0.14 on Tuesday, down 1.64% in 24 hours, and has stabilized after a seven-day downtrend for the first time. However, the price remains below the 50-day EMA at $0.1427 – a bearish sign emphasizing the lack of traction for a rally.

The good news: DOGE stays close to the November 21 low at $0.1332, which was resistance in mid-December and now provides support. The RSI at 48 falls below the midline, indicating sellers are gaining strength. The MACD is moving back toward the signal line; a crossover would confirm new selling waves.

• Bullish Scenario: If DOGE turns up at $0.1332, a test of the 50-day EMA at $0.1427 could follow, then the November 26 high at $0.1568 (which was capped on January 6).
• Downside Risk: If DOGE breaks below $0.1332, the December 31 low at $0.1161 becomes the next target.

Conclusion: All three coins indicate momentum weakness. Without clear catalysts and with no traction in the overall market, momentum remains limited. Technically oriented traders should closely monitor support levels – a coordinated rebound signal above these levels would be necessary to break the bearish structure.