Dogecoin

Memecoin

PEPE

<ul class="news-points">
 <li>DOGE struggles with a 21% monthly drop, facing key resistance at $0.14.</li>
 <li>SHIB breaks support at $0.00001837 and eyes January low as a potential fallback.</li>
 <li>FLOKI sees 8 days of losses and may find support at the May low of $0.0001431.</li>
</ul>
The memecoin market has experienced a significant downturn, with an overall market cap declining 10% to $46.499 billion. This decline is part of a broader crypto market correction, which saw a 2.09% drop in market cap, bringing it down to $2.36 trillion. Notably, Bitcoin also felt the ripple effects, falling 1% and hovering around the $65K mark.
<h2 class="wp-block-heading" id="h-dogecoin-s-continued-struggle">Dogecoin’s Continued Struggle</h2>
Dogecoin (DOGE) has been trending downward over the past month, with a significant 21% drop in value. The decline continued across weekly and daily charts, showing 13% and 8.30% losses, respectively.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeL6wHLnMSVgFnRKjwFeBBkeS6hnvz66DSyJkToTOpamK67zioeAkEDT5WzQz2HxqYfCjc5nhhDVr_StwdqiQhLnylAFLhNX8n2sr_riamJeob0cJsrEvDCahXVWEOBgoBLqtUyWgiw0r0xmLdpmhvNtJA?key=zaOu6HbB5Uvm30kf44Y0wg" alt="">
</figure>
DOGE/USD 1-Day Chart (Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Coinmarketcap</a>)
This downturn followed an unsuccessful attempt to overcome the resistance level at $0.14, which led to a further drop to a support level of $0.1179. Despite these setbacks, a recovery is possible if Dogecoin can rise above the critical level of $0.138. If this upward movement materializes, the following resi…
The post <a href="https://coinedition.com/memecoin-meltdown-are-doge-shib-floki-and-pepe-doomed/" rel="noopener noreferrer nofollow">Memecoin Meltdown: Are DOGE, SHIB, FLOKI, and PEPE Doomed?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Memecoin Meltdown: Are DOGE, SHIB, FLOKI, and PEPE Doomed?

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