Meme coin price forecast: Dogecoin, Shiba Inu, and Pepe coin struggle to sustain the rally

robot
Abstract generation in progress

On Wednesday, the major meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) rose by 5%-10%, but on Thursday they stabilized, indicating a lack of sustained upward momentum. Derivatives data shows that the market favors DOGE, with open interest (OI) increasing by 5.36% to $1.04 billion, while SHIB’s OI remains at $62.75 million, and PEPE has dropped over 6% to $195.92 million. Whales’ interest in these three cryptocurrencies has increased, but only DOGE’s buy-side volume dominates. From a technical perspective, all three face downward pressure, with the 50-day moving average acting as a key resistance level; DOGE’s price is close to $0.1000, SHIB is below $0.000007, and PEPE is around $0.000004.

DOGE-6.26%
SHIB-7.08%
PEPE-10.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)