Meme coins continue to trade under mixed market conditions as investors weigh improving short-term momentum against persistent long-term weakness. Dogecoin and Shiba Inu remain locked below critical moving averages despite showing signs of stabilization after recent declines.
Meanwhile, MemeCore has staged an impressive rebound from its sharp sell-off, although it now approaches a crucial resistance zone that could determine whether the recovery continues. As traders monitor important support and resistance levels, the coming sessions may provide clearer signals about the next major move across the meme coin sector.
Dogecoin continues to trade within a broader bearish trend on the daily chart. The token remains below its 20, 50, 100, and 200-day exponential moving averages, highlighting continued selling pressure across higher timeframes.
However, buyers have defended the area between $0.070 and $0.075, allowing the price to rebound modestly from recent lows. Even so, technical indicators suggest sellers still maintain the upper hand. The Directional Movement Index shows a strong trend, while the negative directional indicator remains well above the positive reading.
The first obstacle for bulls stands at the 20-day EMA near $0.0785. A daily close above that level could encourage further gains toward the Fibonacci resistance zone between $0.0812 and $0.0839.
On the downside, losing $0.0751 would increase pressure on the major support at $0.0698. A breakdown there could accelerate another wave of selling.
Shiba Inu also remains under bearish pressure despite showing signs that downside momentum is slowing. The token trades beneath all major moving averages, confirming that the broader trend has not changed.
Additionally, recent candlesticks display smaller trading ranges, suggesting sellers are gradually losing momentum. Even so, the Directional Movement Index still favors bears, although the gap between buying and selling pressure has narrowed.
Immediate resistance sits near $0.00000431, while stronger resistance appears around $0.00000448. A sustained move above those levels could open the path toward $0.00000462 and $0.00000475. Conversely, failure to defend $0.00000423 may lead to another test of the key support at $0.00000404.
MemeCore presents the strongest short-term technical picture among the three tokens. Buyers pushed the token sharply higher after its recent crash, lifting the price back above $1.70.
Moreover, buying momentum continues to improve as the positive directional indicator now exceeds the negative reading. Rising ADX values also suggest the recovery trend is gaining strength.
Nevertheless, the rally now faces a significant hurdle between $1.84 and $1.87. Clearing that area could expose higher resistance near $2.19 before the price challenges the major EMA cluster between $2.41 and $2.54.
If buyers lose momentum instead, support rests at $1.54, followed by $1.17 and the important psychological level at $1.00. Those levels will likely determine whether the current rebound develops into a broader recovery or fades into another correction.
