#MEME Coin Momentum Weakens—$DOGE, $SHIB, $SHIBUSDT, and $PEPE Prices Fall, Hype Cools
Dogecoin, Shiba Inu, and Pepe have all lost upward momentum, falling back to near key support levels and erasing gains from November 7th. Open interest in meme coin futures continues to decline, indicating traders are preparing for a deeper drop. Meanwhile, 24-hour trading volume for all three tokens has increased by over 20%, clearly indicating that rising selling pressure is the primary driver of this pullback.
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Dogecoin Approaches Key Limit-Down Zone
DOGE is currently hovering above $0.15000, just a step away from the November 4th low of $0.15159. If the daily closing price falls below this level, it will reinforce the breakout-retest-continuation pattern since the resistance at $0.18000, potentially pushing the price towards the April 7 low of $0.12986.
As long as DOGE holds above $0.15159 and closes above $0.18000 again, the possibility of an upward rebound remains.
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Shiba Inu faces the risk of losing key support.
SHIB has been declining over the past week, breaking below $0.00000900 on Monday. It is currently trading only 1% above the November 4 low of $0.00000837. A decisive break below this support level could lead to a test of the October 10 low of $0.00000678, reached during a $19 billion market sell-off.
If bulls can hold $0.00000837, SHIB might attempt a rally towards its downtrend line resistance near $0.00000956, which connects the highs of September 13th and November 14th.
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Pepe's decline foreshadows nearly 40% downside risk.
PEPE fell 20% last week after breaking below $0.00000650. Although the token is up 2% as of this writing, it remains below $0.00000500 and is heading towards the October 10th low of $0.00000279, implying a potential downside of nearly 40%.
However, the psychological support levels of $0.00000400 and $0.00000300 could attract bargain hunters and offer reversal opportunities.
The upward momentum will resume when PEPE rises back above $0.00000650.


