Meme Tokens Face Bearish Crossroads: DOGE, SHIB, and PEPE Struggle to Find Footing

Meme coins hit a rough patch — DOGE dips toward critical support at $0.1332 after a seven-day losing streak, SHIB clings to its 50-day moving average, and PEPE flashes fresh sell signals as the broader meme token rally stalls.

The meme coin rally that kicked off in early January has hit a major speed bump. Dogecoin, Shiba Inu, and Pepe have all surrendered significant gains over the past week, with selling pressure mounting across the board. The question now is whether these tokens can stabilize or if deeper losses are coming down the pipeline.

Dogecoin Faces the Real Test — Support at $0.1332 Becomes Critical

Dogecoin (DOGE) is sitting at a make-or-break moment. Currently trading around $0.14 according to the latest data, the meme favorite has dropped below its 50-day moving average at $0.1427 after seven consecutive down days. The real line in the sand is the November 21 low at $0.1332 — a level that flipped from resistance to support and is now proving essential in preventing further declines.

The technicals are painting a bearish picture. The daily RSI has slipped to 48, signaling that selling momentum is gaining traction. More concerning, the MACD is trending toward a bearish crossover with its signal line, which would confirm that downside pressure is accelerating. If $0.1332 cracks, DOGE could spiral toward the December 31 low at $0.1161.

On the flip side, if bulls manage to defend that key support, a recovery could push the token back toward the 50-day EMA at $0.1427, followed by the November 26 high at $0.1568 — the ceiling that capped gains on January 6.

Shiba Inu’s Uptrend Attempt Weakens as Buyers Step Back

Shiba Inu (SHIB) is dancing right at the edge of its 50-day moving average at $0.00000834. While the token is showing some stabilization after a brutal seven-day slide, the momentum is fading in a way that suggests buyers are hitting the pause button.

The RSI at 53 tells the story — it’s drifting down from overbought levels, which means the buying pressure that powered the earlier rally is cooling off. Add in a MACD that’s trending lower and risks a bearish cross, and it’s clear that SHIB lacks the buying fuel needed to ignite a sustained recovery. If the 50-day EMA gives way, the next downside target would be the October 10 low at $0.00000678, representing another 20% drop or more.

A successful hold, however, could set up a move toward the October 11 low at $0.0000956 — a level that proved significant in prior moves.

Pepe’s MACD Sell Signal Keeps Bears in Control

Pepe (PEPE) is currently trading above the psychological $0.00000500 level, but don’t let that fool you — the technicals are screaming bearish. The MACD has already crossed below its signal line, generating a textbook sell signal that points to renewed downside momentum taking control.

The RSI at 55 has dropped sharply from overbought readings, confirming that the burst of bullish enthusiasm that drove gains in early January is evaporating fast. The next support target sits at the 50-day moving average at $0.00000528, and if that breaks, weakness could accelerate further.

The silver lining for PEPE holders is that a broader recovery in DOGE and SHIB could provide some spillover support, potentially allowing PEPE to attempt a bounce toward the $0.00000650 supply zone and the 200-day EMA at $0.00000738. But until we see genuine buying interest return, expect selling pressure to remain the path of least resistance.

The Bigger Picture: When Will Meme Coins Find Their Floor?

The harsh reality is that meme coins are caught between a rock and a hard place. Buying interest has dried up, the broader crypto market lacks near-term catalysts, and technical indicators across all three tokens are flashing warning signs. The seven-day losing streak isn’t just a blip — it’s a shift in momentum that suggests market participants are moving to the sidelines.

For traders watching DOGE, SHIB, and PEPE, the key is to respect these critical support levels. A break below them would open the door to deeper declines, while a successful defense could set up the next leg of the recovery. Until then, expect continued choppiness and elevated volatility in the meme coin space.