Why Meme Coins Are Losing Steam
The once-booming meme coin market is showing signs of fatigue, with Dogecoin (DOGE) and Shiba Inu (SHIB) struggling to regain momentum. Key factors behind the slowdown:
1. Social Media Buzz Crashes
DOGE social mentions plummeted 89% from January highs (1,480 → 170).
SHIB social volume dropped 92% since December, signaling fading retail interest.
Meme coins thrive on hype—fewer mentions = weaker price action.
2. Bitcoin Dominance & Profit-Taking
Despite Bitcoin’s rally to $111,980, meme coins failed to sustain gains.
Institutional focus remains on BTC, leaving DOGE & SHIB in a sideways grind.
Kaiko reports “lack of retail euphoria”—funding rates still below peak levels.
Dogecoin (DOGE) Price Outlook: Key Levels to Watch
Current Technical Setup
✅ Holding above key EMAs (50-day, 100-day, 200-day) → bullish structure intact.
✅ SuperTrend buy signal active, but RSI at 55 (down from overbought) suggests weakening momentum.
Critical Price Levels
Resistance: $0.23 (breakout above descending trendline needed).
Support:
$0.21 (200-day EMA)
$0.19 (SuperTrend)
$0.14 (April lows)
Break above $0.23 could restart rally, but fall below $0.19 risks deeper drop.
Shiba Inu (SHIB) Analysis: Bearish Signals Dominate
Current Weakness
❌ Trading below 12-hour EMAs ($0.00001443–$0.00001458).
❌ MACD sell signal (blue line under red signal line).
❌ RSI below 50 → bearish control.
Make-or-Break Levels
Resistance: $0.00001458 (200-period EMA).
Support:
$0.00001409 (100-period EMA)
$0.00001233 (May low)
$0.00001030 (April low)
Recovery unlikely unless SHIB reclaims $0.00001458.
What’s Next for DOGE & SHIB?
Without renewed hype, consolidation likely to continue.
Bitcoin’s movement crucial—BTC surge could spark meme coin relief rallies.
Traders should monitor:
DOGE holding $0.19 support
SHIB’s MACD reversal potential
Return of retail FOMO (social volume spikes)
Final Verdict: Proceed with Caution
While DOGE’s technicals appear stronger than SHIB’s, both need a surge in retail interest to break out. Until then, waiting for confirmation is key.
