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Crypto

Meme Coins Face Crucial Technical Tests Amid Weakening Momentum

Guavy AI Editorial Team
Instruments
DOGE SHIB DOG
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Meme coins are facing significant technical challenges as Dogecoin (DOGE) tests critical support near $9.30, Shiba Inu (SHIB) needs to reclaim $0.00000590 to regain momentum, and MarsCoin (MARSCOIN) holds a stronger structure but stretched momentum favors consolidation.

According to the latest analysis by CryptoRank, DOGE's weakening momentum raises the risk of deeper downside for the meme-coin market. SHIB must break above its current resistance level to challenge $0.00000628.

MARS, on the other hand, retains a stronger structure above key averages but shows stretched momentum, favoring consolidation rather than further gains.

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