Jakarta, Pintu News – The prices of Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) have started to show gains as Bitcoin (BTC) remains firmly above the $70,000 support level.
Currently, the crypto market capitalization has dropped to $2.49 trillion. Meanwhile, meme coin’s market capitalization stands at $33.3 billion, after experiencing a 3.2% drop on March 20, 2026.
Elon Musk recently sparked attention for dog-themed cryptocurrencies again with a post on X. He shared an image of a Shiba Inu, which led to speculation about his support for Shiba Inu tokens.
The crypto market was quick to react, with traders reigniting enthusiasm for the momentum of the top meme coin. Investors are now watching the market closely as they wait for further signals.
Dogecoin price fell 1.14% on March 20 and was trading around $0.093868, as Bitcoin remained steady above the $70,000 level. According to market observers, the meme coin has just completed its last falling wedge pattern in the mapped area.
Read also: DOGE Bounces Back 10% from Bearish Pressure – Can Dogecoin Price Reach $0.13?
The formation is considered by analysts as a signal of a potential breakout upwards towards the next resistance area. However, momentum at current levels is still relatively vulnerable.
If DOGE is unable to reclaim the $0.0950 level in the near future, market participants expect a potential reversal at the $0.0920 support area. If the price drops more sharply to break that level, then the weakness could continue towards $0.0880.
Conversely, if the price manages to break $0.0980, the market sentiment could turn more bullish and open up the opportunity for a bounce back above $0.10, according to Dogecoin’s outlook going forward.
The price of SHIB surged to $0.00000595 on Friday (20/3), recording a 3% gain in 24 hours. After a brief rally, the meme token started to come under pressure again when the sell-off took the price to a very important resistance area. Market participants are now watching the 30-day simple moving average around the $0.00000582 level.
If the upward movement is able to continue and break the area, the price has the opportunity to retest its latest high at $0.0000065. However, if the price drops below this average, SHIB risks weakening again towards the $0.00000566 support area.
Based on Shibburn’s data, a total of 4.27 million SHIBs have been burned in the past day. The burn rate also jumped 370%, reflecting the increased supply reduction efforts. Developers continue to focus on curbing inflation while managing the massive total token supply limit of 999 trillion.

Meanwhile, the current circulating supply stands at around 410 trillion tokens, which helps cushion downward pressure on prices.
As of March 20, 2026, the price of Pepe Coin was trading around $0.00000342, reflecting relatively limited intraday weakness. On the upside, the closest resistance level is in the $0.00000390 area, which is the zone that was previously a price rejection point.
Read also: Pepe Coin Price Jumps 20%, How High Can PEPE Fly in March?
If there is a strong breakout above this obstacle, then the opportunity for an increase towards $0.00000450 will open up, and after that the price has the potential to continue moving to $0.0000050.
On the contrary, if the $0.000003 level fails to hold, it could trigger additional selling pressure and extend the preconceived downward bias.

The MACD line is also seen to be narrowing slowly, indicating a possible crossover if buying interest picks up again. Meanwhile, the RSI indicator is around the 42 level, indicating neutral to slightly bearish conditions without entering the oversold area.
Overall, as long as Bitcoin price in the long-term outlook remains above $70,000, the meme coin still has a chance to record a short-term recovery. However, solid volume and a truly convincing breakout of resistance are required to confirm such a scenario.
If momentum is unable to sustain at high levels, then downside risks will still remain. As such, a cautious positioning strategy remains important when dealing with the price volatility of Dogecoin, Shiba Inu, and Pepe Coin.
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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.
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