Meme Coins Regain Buying Interest but Face Different Technical Challenges
Meme coins have regained buying interest after recent weakness in the market.
Dogecoin (DOGE) has recovered strongly, but faces a major barrier near $0.0940, its 200-day EMA. If DOGE breaks above this level, it could expose $0.1007. However, rejection at this barrier could send DOGE toward $0.0850.
Shiba Inu (SHIB) has regained several moving averages but remains below its long-term trend line. SHIB needs to clear $0.00000567 to strengthen its bullish outlook and potentially target $0.00000623. Losing $0.00000540 could weaken the recovery and send SHIB toward $0.00000500.
MemeCore (M) has delivered the strongest momentum among the three tokens but faces extremely overbought Stochastic RSI readings, indicating a risk of pullback before attempting another breakout. If M breaks above $1.2258, it could target $1.3261. However, selling pressure could send M toward its 20-day EMA at $1.1229.