Meme Coin Outlook: Where DOGE, SHIB, and PEPE Are Headed Next

Jakarta, Pintu News – Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), traded in the red on Wednesday (11/2), extending losses amid pressure. Meme coins face significant downside risks amid the ongoing bear market, given their highly speculative nature.

Technically, DOGE, SHIB, and PEPE could potentially continue their bearish trend this week as the market lacks bullish catalysts.

Dogecoin at Risk of Further Losses

Dogecoin fell nearly 1% on February 11, extending its 3% decline from the previous day. On the 4-hour chart (11/2), Dogecoin was trading well below its 50-day and 200-day exponential moving averages, further reinforcing the downward bias.

Read also: PEPE Coin Update: Whale Scoops Up 23 Trillion PEPE as it Plummets, Is This a Signal of Resurgence?

Technical indicators on the same chart show a selling bias. The Relative Strength Index (RSI) stands at 36 and continues to decline, with further downside potential before reaching the oversold zone, while the Moving Average Convergence Divergence (MACD) line remains below the signal line, with the negative histogram bars continuing to lengthen. This indicates an increase in bearish momentum.

Immediate support for Dogecoin is at $0.08675, and a close below this level could extend the decline all the way to the February 6 low of $0.080. On the upside, Dogecoin could encounter resistance at the 50-day and 200-day EMAs at $0.098 and $0.1153, respectively.

Shiba Inu Bears Target Lowest Levels

Shiba Inu is very similar to Dogecoin, registering a drop of almost 1% on February 11, extending the downtrend for the fourth consecutive day. The meme coin continues to move down in a descending channel pattern on the 4-hour chart, with immediate support at $0.0000059.

Further, important supports for SHIB are at $0.0000056 and the February 6 low, as well as at $0.0000051, which coincides with the lower boundary line of the descending channel pattern.

The RSI at 40 moved towards the oversold zone as selling pressure increased, while the MACD and signal lines remained convergent, indicating a potential bearish crossover. On the upside, the recovery could target the 50-period EMA at $0.0000063, followed by the upper resistance line at $0.0000065.

Read also: Shiba Inu Entering Critical Bear Trap Phase – SHIB Potential 22x Rally?

Pepe faces downward pressure near key resistance trend line

PEPE fell over 1% on February 11, extending losses of over 4% from the previous day. This brings the weekly decline to almost 5% so far, marking the sixth consecutive bearish week.

On the 4-hour chart (11/2), the frog-themed meme coin is reversing from the resistance trendline towards the February 6 low of $0.00000310.

The RSI which stands at 39 on the 4-hour chart moves from its midline towards oversold territory as selling pressure increases, while the MACD and signal lines continue to extend their downtrend with widening negative histogram bars.

On the upside, a potential rebound above $0.00000370 could confirm a breakout of the resistance trendline, with targets at the 50-period EMA at $0.00000390, followed by the 200-period EMA at $0.00000458.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• FX Street. Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe extend decline under pressure. Accessed on February 13, 2026