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Memes on The Slide: DOGE, SHIB, PEPE, FLOKI and MEME Show Weakness

Published 11/28/2023, 09:48 PM
Updated 11/28/2023, 10:15 PM
Memes on The Slide: DOGE, SHIB, PEPE, FLOKI and MEME Show Weakness

  • DOGE’s support at $0.075 could prevent it from another nosedive.

  • SHIB may head northward while FLOKI’s overbought signals suggest a reversal.

  • MEME may be at risk of dropping below $0.025; PEPE traders may find good entries around $0.000001.

Led by Dogecoin (DOGE), the memecoin market has not had a good show since the start of November. For instance, DOGE’s value in the last 30 days has decreased by 3.70%, according to data from CoinMarketCap.

Others like Memecoin (MEME), Floki (FLOKI), Shiba Inu (SHIB), and Pepe(PEPE) have also seen their prices slip within the same period. At press time, SHIB’s price was $0.000008, indicating a 7-day 4% decrease.

PEPE exchanged hands at $0.0000010, representing a 5.14% plunge. The prices of MEME and FLOKI were not any better, losing 1.23% and 17.32% of their respective values within the same period.

The recent performance of these memecoins contrasts with October, when most enjoyed substantial increases. However, the nosedive experienced lately may not necessarily be a signal to fret, based on technical signals.

Dogecoin (DOGE)

Since November 20, selling pressure has prevented DOGE from reaching $0.08. W…

The post Memes on The Slide: DOGE, SHIB, PEPE, FLOKI and MEME Show Weakness appeared first on Coin Edition.

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