memecoins

Dogecoin extends losses for the sixth consecutive week, with nearly a 5% decline since Monday.
Shiba Inu keeps ticking lower for the fourth consecutive day, losing around 1% so far on Wednesday.
Pepe remains under pressure after a 5% drop the previous day.
Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE), are trading in the red on Wednesday, extending losses under pressure. Meme coins face significant downside risk amid the ongoing bear market, given their heightened speculative nature. Technically, DOGE, SHIB, and PEPE could further extend their prevailing bearish trend this week as the market lacks a bullish catalyst.
Dogecoin risks further losses as selling pressure grows
Dogecoin is down nearly 1% at press time on Wednesday, extending its 3% loss from the previous day. On the 4-hour chart, Dogecoin is trading well below the 50-day and 200-day exponential moving averages, reinforcing the downside bias.
The technical indicators on the same chart maintain a sell-side bias. The Relative Strength Index (RSI) is at 36, trending lower, with further downside potential before reaching the oversold zone, and the Moving Average Convergence Divergence (MACD) line remains below the signal line, with negative histogram bars extending. This suggests an increase in bearish momentum.
Immediate support for Dogecoin lies at $0.08675, and a close below this could extend the decline to the February 6 low at $0.080.
On the upside, Dogecoin could encounter resistance at the 50-day and 200-day EMAs at $0.098 and $0.1153, respectively.
Shiba Inu bears target recent low
Shiba Inu closely mimics Dogecoin, recording a nearly 1% loss at press time on Wednesday, extending its downward trend for the fourth consecutive day. The meme coin is extending lower within a descending channel pattern on the 4-hour chart, with immediate support at $0.0000059.
Beyond this, crucial support for SHIB lies at $0.0000056 and the February 6 low, and at $0.0000051, which coincides with the lower boundary line of the falling channel pattern.
The RSI at 40 is moving toward the oversold zone as selling pressure increases, while the MACD and signal lines remain convergent, suggesting a potential bearish crossover.
On the upside, a rebound could target the 50-period EMA at $0.0000063, followed by the upper resistance line at $0.0000065.
Pepe faces downside pressure near the key resistance trendline
PEPE is down over 1% at the time of writing on Wednesday, extending its over 4% loss from the previous day. This takes the weekly decline to nearly 5% so far, marking the sixth consecutive bearish week.
On the 4-hour chart, the frog-themed meme coin is reversing from a resistance trendline toward the February 6 low at $0.00000310.
The RSI at 39 on the 4-hour chart is reversing from the halfway line toward the oversold zone as selling pressure grows, while the MACD and signal lines extend the downward trend as negative histogram bars widen.
On the upside, a potential rebound above the $0.00000370 could confirm the resistance trend line breakout, targeting the 50-period EMA at $0.00000390, followed by the 200-period EMA at $0.00000458.
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In the current crypto landscape, where the market feels slow and uncertain, Pepe (PEPE) has quietly shifted the conversation from short-term hype to long-term potential. As broader sentiment remains cautious, crypto commentator Gossipator argues that PEPE stands out as a frontrunner to define the meme coin narrative—if conditions turn favorable.
The ongoing downturn isn't unique to PEPE; it's a market-wide phase impacting most assets. What sets PEPE apart is its resilience: even after corrections, it holds a market cap firmly above the billion-dollar mark—a rare feat for most meme coins post-pullback. Major exchange listings and earlier visibility aren't seen as past peaks but as foundational steps for bigger moves ahead.
Strong Cultural Recognition Gives PEPE a Clear Edge
PEPE enjoys widespread cultural familiarity that few other meme projects can match. This built-in recognition attracts liquidity and attention when optimism returns, without relying solely on new announcements or hype cycles.
Comparisons to Shiba Inu (SHIB) often surface—PEPE could climb higher in rankings if altcoin inflows resume during a bullish phase. Historically, recognized meme coins like PEPE tend to recover faster in percentage terms during upswings, even if they follow broader market trends in downturns. Gossipator highlights PEPE as a key asset to watch for early signs of improving sentiment.
Macro Factors and Investor Psychology Drive the Next Move
External pressures—political tensions, trade uncertainties, and constrained global liquidity—continue to weigh on risk assets like crypto. Yet history shows that easing macro conditions often spark strong rebounds.
Investor behavior remains crucial: early accumulators enter during low-sentiment periods, while the masses join once upward momentum confirms. Meme coins thrive on emotional trading and rapid shifts in attention, amplifying cycle dynamics.
Gossipator believes PEPE is primed for a swift surge once broader optimism returns, thanks to its established brand and market presence. Ultimate performance depends on leading assets like Bitcoin and major altcoins driving sustained recovery—when that happens, meme coins typically expand, and PEPE's familiarity positions it to capture outsized attention.
In a space full of fleeting projects, PEPE's durability, cultural staying power, and billion-dollar foundation make a compelling case for why it could emerge as the defining meme coin of this cycle. Patience during accumulation phases has historically rewarded those who recognize these setups early.
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