Why Are Meme Coins Losing Momentum?
1. Social Media Hype Cools Off
Dogecoin’s social volume crashes from 1,480 mentions (Jan 2024) to just 170.
Shiba Inu sees even steeper decline, with mentions falling 92% from December peaks.
Meme coins rely on retail hype—fewer mentions often lead to lower trading activity & subdued prices.
2. Bitcoin’s Dominance & Profit-Taking Pressure
BTC’s rally to $111,980 last week briefly lifted altcoins, but gains faded.
Institutional interest focused on Bitcoin, leaving meme coins in a sideways grind.
Kaiko report notes “lack of retail euphoria”—funding rates remain below overheated levels.
Dogecoin (DOGE) Price Analysis: Can Bulls Regain Control?
Current Status:
Trading above key EMAs (50-day, 100-day, 200-day), suggesting structural support.
SuperTrend indicator flashes buy signal—bulls need to hold $0.19–$0.21 support.
RSI at 55 (down from overbought), signaling weakening bullish momentum.
Key Levels:
Resistance: $0.23 (descending trendline breakout).
Support: $0.21 (200-day EMA) → $0.19 (SuperTrend) → $0.14 (April lows).
Break above $0.23 could reignite rally, but loss of $0.19 risks deeper correction.
Shiba Inu (SHIB) Price Analysis: Bearish Signals Dominate
Current Status:
Stuck below 12-hour EMAs ($0.00001443–$0.00001458).
MACD sell signal active (blue line below red signal line).
RSI below 50, indicating bearish dominance.
Key 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 Meme Coins?
Without renewed social buzz, DOGE & SHIB may continue consolidating.
Bitcoin’s price action critical—if BTC surges, meme coins could see relief rallies.
Traders watching:
DOGE’s SuperTrend hold ($0.19).
SHIB’s MACD reversal potential.
Retail FOMO returning (via social volume spikes).
Final Verdict: Wait for Confirmation
While Dogecoin’s technicals look stronger than SHIB’s, both need increased retail interest to break out. Until then, caution prevails.
