Crypto
Meme Coins Struggle to Recover Amid Ongoing Pressure
The meme coin market remains under pressure as Dogecoin, Shiba Inu, and MemeCore struggle to build sustainable recoveries. Their daily charts show different degrees of weakness, but sellers still control the broader trend.
Dogecoin is trading near a critical support zone at $0.06994 and faces resistance from its major exponential moving averages. The 20-day EMA at $0.07250 and the 50-day EMA near $0.07761 reinforce the bearish structure, while the 100-day and 200-day EMAs remain higher.
The $0.06945 Fibonacci level provides immediate support for Dogecoin, with a daily close below that level potentially exposing $0.0650. A reclaim of $0.07250 could improve sentiment and support a move toward $0.07488.