Meme Coins Stagnate Amid Mixed Momentum

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) started the week on a soft note, with key resistance levels capping their gains from last week.

According to technical analysis, the three meme coins have a mixed bias, as prices remain above their 200-day Exponential Moving Average (EMA) but momentum has begun to wane.

Dogecoin, which saw an 11% rally last week, is still capped below the $0.1000 psychological level amid renewed institutional interest in the meme coin.

Exchange Traded Funds (ETFs) focused on DOGE recorded $2.89 million in inflows last week, marking their largest weekly net inflow since inception.