Crypto
Meme Coins Under Pressure as Dogecoin, Shiba Inu, and MemeCore Struggle to Recover
The cryptocurrency market has been under pressure for meme coins, with Dogecoin (DOGE), Shiba Inu (SHIB), and MemeCore struggling to build sustainable recoveries. According to technical analysis, DOGE is currently trading near a critical support zone at $0.06994.
Despite failing to clear key resistance levels, SHIB has managed to hold above its short-term support. However, the broader trend remains bearish for all three tokens, with sellers still in control.
MemeCore continues to consolidate after suffering a steep decline and needs significant technical breakthroughs before traders can expect stronger bullish momentum.