Sentiment Shifts for Meme Coins: Are DOGE, SHIB, and PEPE Bracing for Further Losses?

Jakarta, Pintu News – Meme coins faced selling pressure again as risk-on sentiment faded broadly throughout the week. Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) widened their losses following the recent correction.

The technical outlook for these meme assets shows early signals of bearish momentum, indicating the potential for a deeper decline in the next few days.

Dogecoin closes below key trendlinesupport level

The Dogecoin price has fallen more than 7% since Saturday, and closed below the lower trend line of the falling wedge pattern on Monday (23/2). As of Tuesday (24/2), DOGE is trading lower at $0.091.

Read also: Dogecoin Price Shows Positive Trend Today: Is DOGE Ready to Soar?

If DOGE continues its downward trend, the correction could extend towards the February 6 low of $0.080. Closing below that level risks extending losses towards the next weekly support level of $0.078.

The Relative Strength Index (RSI) indicator on the daily chart stands at 36, below the neutral level of 50 and is sloping downwards, indicating that bearish momentum is gaining strength. Meanwhile, the Moving Average Convergence Divergence (MACD) lines appear to beconverging, indicating indecision among market participants. If a bearish crossover occurs on the MACD, this will further strengthen the bearish scenario.

On the other hand, if DOGE manages to bounce back, the recovery attempt could push the price back towards the trendline level around $0.100.

Shiba Inu widens correction after being stuck at key resistance

The price of Shiba Inu experienced rejection around the weekly resistance level of $0.0000068 on Saturday and fell nearly 6% over the next two days. As of Tuesday (24/2), SHIB was observed to continue widening its correction and was trading at $0.0000059.

If SHIB continues its downward trend, this correction could extend towards the February 6 low of $0.0000050.

Similar to Dogecoin, the RSI indicator on SHIB shows a strengthening bearish momentum, while the MACD is preparing for a bearish crossover. This further strengthens the negative outlook for the asset’s price movement.

However, if SHIB manages to recover, the uptrend could continue back towards the weekly resistance level of $0.0000067.

Read also: Crypto Whale Buys 170 Million XRP as Price Plummets: Sign of a Great Awakening?

Pepe widens losses after rejection from 50-day EMA

Pepe’s price closed below its 50-day EMA at $0.0000045 on February 15 and has fallen more than 11% through Monday. As of February 24, PEPE is currently trading at $0.0000038.

If PEPE continues its correction phase, the decline could extend towards the February 6 low of $0.0000031. Similar to Dogecoin and Shiba Inu, PEPE’s momentum indicators, namely RSI and MACD, also support a negative outlook for the asset’s price movement.

Conversely, if Pepe manages to bounce back, the recovery attempt could push the price back towards the 50-day EMA level at $0.0000045.

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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:

• FXStreet. Meme coins price prediction: Dogecoin, Shiba Inu and PEPE extend losses on bearish signals. Accessed on February 25, 2026