Meme Coins Face Fresh Downside Risk as Dogecoin, Shiba Inu, and Pepe Flash Bearish Signals at Key Levels

Jakarta, Pintu News – Meme coin entered the beginning of the week on Monday with movement still holding around an important support area, having extended its decline throughout last week.

Dogecoin (DOGE) indicates a short-term bias that tends to be neutral, but with a slight bearish feel. Meanwhile, Shiba Inu (SHIB) and Pepe (PEPE) market participants need to be more vigilant as technical indicators show a strengthening bearish momentum.

On the other hand, broader market sentiment remains in risk-off mode, as the escalation of military aggression in the Middle East over the weekend continued to pressure crypto markets.

Dogecoin shows mild bearish tendencies

Dogecoin was trading at $0.093 on Monday (2/3). The short-term bias is still relatively neutral, but slightly bearish, as the price is moving well below the 50-day and 100-day Exponential Moving Average (EMA) clustered in the $0.108-$0.125 range, so a larger downtrend is maintained.

Read also: Dogecoin Slips Today as Five Key Factors Continue to Cap DOGE’s Upside

The pair is also still moving below the long-established descending resistance trend line from the $0.218 area, confirming the presence of supply pressure above the price despite bouncing from levels below $0.091.

Market momentum is still weak. The Relative Strength Index (RSI) on the daily chart did start to recover from the oversold area, but is still in the low 40s. Meanwhile, the Moving Average Convergence Divergence (MACD) line holds slightly above the signal line around the zero area, indicating the upside impetus is still fragile in the correction phase, not yet reflecting a confirmed trend reversal.

The nearest support is at the horizontal level of $0.091, which is also aligned just above the 23.6% Fibonacci retracement at $0.091 (measured from the swing low of $0.080 to the swing high of $0.127), thus providing an important foothold for the current consolidation.

If the daily close drops below this area, the price has the potential to test the lower retracement zone and re-direct focus to the $0.080 swing low.

On the upside, initial resistance is seen around the 38.2% retracement at $0.098, before a more crucial barrier at the 50% retracement at $0.103, where pressure from the declining moving averages begins to be felt.

In case of a sustained breakout above $0.103, upside room could open up towards the 61.8% level at $0.109. However, as long as the price remains moving below the $0.124 horizontal resistance and the downtrend line, any rally is likely to remain vulnerable to trigger a follow-up sell-off.

Bear Shiba Inu aims for Feb. 6 low

The price of Shiba Inu held and turned down around the weekly resistance of $0.0000068 in mid-February, then fell by more than 22% in the following two weeks. As of Monday (2/3), SHIB was trading at $0.0000056.

If the downtrend continues, the correction could potentially continue until retesting the February 6 low of $0.0000050.

On the daily chart, the RSI is at 37, below the neutral level of 50, signaling the bearish momentum is strengthening. In addition, MACD formed a bearish crossover on Saturday, thus reinforcing the still negative outlook.

Conversely, if SHIB is able to recover, the upside movement could continue towards the weekly resistance at $0.0000067.

Read also: What Can We Expect from Pi Network in March 2026?

Pepe momentum indicator shows a bearish signal

Pepe price briefly rejected the 50-day EMA at $0.0000043 on Wednesday, and then fell more than 17% through Sunday. At the time of writing, PEPE was trading at $0.0000034.

If PEPE’s correction continues, the decline could potentially continue towards the February 6 low of $0.0000031. Like the Shiba Inu, PEPE’s momentum indicators-RSI and MACD-also support a negative outlook.

Conversely, if PEPE manages to recover, the upside movement could continue towards the 50-day EMA at $0.0000043.

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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, and Pepe show bearish signals at key levels. Accessed on March 3, 2026