Meme coins remain under pressure as Dogecoin, Shiba Inu, and MemeCore attempt to build a sustainable recovery. Their daily charts show varying degrees of weakness, but sellers still control the broader trend. $DOGE is trading near a critical support zone, while $SHIB is trying to protect its recent recovery.
Meanwhile, MemeCore continues to consolidate after a sharp drop. Therefore, these three tokens need significant technical breakthroughs before traders can anticipate a stronger bullish impulse.
Dogecoin Price Forecast: $DOGE Faces Immediate Support Test
Dogecoin is trading around $0.06994 and remains below its major exponential moving averages. The 20-day EMA at $0.07250 now represents the first significant obstacle for buyers. Additionally, the 50-day EMA around $0.07761 reinforces the bearish structure.
The 100-day and 200-day EMAs remain higher at $0.08546 and $0.10175, respectively. Therefore, $DOGE needs sustained buying interest to counter the broader downtrend.
The Fibonacci level at $0.06945 provides immediate support. A daily close below this level could open up $0.0650. Conversely, reclaiming $0.07250 could improve sentiment and support a move towards $0.07488.
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Furthermore, the BB %B indicator for $DOGE is around 0.10, placing the price closer to the lower Bollinger Band. Such positioning signals weak momentum but leaves room for a technical bounce.
Shiba Inu Price Forecast: $SHIB Tries to Hold Onto Recovery
Shiba Inu is trading around $0.00000464 after facing resistance rejection at the Fibonacci level of $0.00000517. The pullback has also pushed $SHIB below $0.00000475.
Nevertheless, the token is still holding above the 20-day EMA around $0.00000447. It also remains slightly above the 50-day EMA around $0.00000459.
A break below $0.00000447 could expose major support around $0.00000406. Meanwhile, a recovery above $0.00000475 could open the path to $0.00000496 and $0.00000517.
The BB %B value of around 0.73 shows that $SHIB remains in the upper half of its recent trading range. Thus, buyers retain some short-term momentum despite the recent decline.
MemeCore Price Forecast: MemeCore Needs a Stronger Breakout
MemeCore is trading around $1.1709, remaining below all major daily EMAs. The 20-day EMA at $1.2597 is the nearest significant resistance.
Additionally, the 50-day EMA is around $1.6586, while longer-term averages remain above $2.00. Consequently, MemeCore continues to face significant overhead resistance.
The Fibonacci level at $1.1348 provides immediate support, followed by the $1.087–$1.10 region. A deeper breakdown could expose the previous low at $0.4790.
The BB %B indicator for MemeCore at around 0.24 indicates weak positioning within the Bollinger Band range. Thus, a recovery remains possible, but buyers need to first reclaim $1.26.
