Meme Coin Price Struggles Continue Amidst Bearish Market Conditions

Meme coins are struggling to build sustainable recoveries, with Dogecoin (DOGE), Shiba Inu (SHIB), and MemeCore facing significant technical hurdles.

According to recent price dynamics, DOGE trades around $0.06994, below its major exponential moving averages (EMAs). The 20-day EMA at $0.07250 is the first significant hurdle for buyers, with the 50-day EMA near $0.07761 reinforcing the bearish structure.

SHIB, on the other hand, holds above short-term support despite failing to clear key resistance. It remains slightly above its 20-day EMA and 50-day EMA, but faces significant overhead resistance.

MemeCore continues to consolidate after a steep decline, with sellers still controlling the broader trend. The token needs buyers to reclaim the 20-day EMA resistance at $1.2597 before it can expect stronger bullish momentum.