Meme coins like Dogecoin, Shiba Inu, and Pepe show mixed performance.
Bitcoin reaches a new all-time high, trading at $107,487.
The market outlook for meme coins remains uncertain, with the potential for further decline.
Bitcoin hit a new all-time high of $107,487 yesterday. However, meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) failed to follow suit. This leaves investors wondering what to do next.
Weakness in Meme Coins
Dogecoin, the largest meme coin by market cap, is trading at $0.3869, reflecting a 4.1% loss in the last 24 hours and reducing its monthly gain to a modest 3.1%.
According to analyst Diana Fuman, Dogecoin shows weak adjustment at its current price, with the Stochastic RSI indicating an oversold status. Fuman suggests that recovery may be possible if the price holds above $0.38 in the short term, though the overall trend remains weak and directionally neutral.
Similarly, Shiba Inu has dropped 5.0% in the past 24 hours to $0.00002592. Analyst Natalie Dormer notes that if SHIB’s trend curve breaks, its price could dip to $0.000022, extending the ongoing pullback phase.
Meanwhile, key resistance levels are id…
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