Meme Coin Market Stalls: Dogecoin & Shiba Inu Struggle as Social Hype Fades

 

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)

 

 

 

 

 

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