Meme Coins Teeter on Breakout or Retraction

The meme coin trio of Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) continue to hold constructive daily structures, despite recent pullbacks. According to the latest analysis from Coin Edition, DOGE trades above its major moving averages, while SHIB and PEPE maintain support at important Fibonacci levels.

However, momentum indicators show a weakening of buying pressure after recent rallies, indicating a crucial test between renewed breakouts and deeper retracements. For DOGE, reclaiming $9.80 is essential to regain momentum and retest the $10.00 resistance zone.

SHIB must defend the $0.000005545-$0.000005635 zone to preserve its recovery, while PEPE needs to hold above $0.000004283 to maintain its bullish structure intact.