Dogecoin and Shiba Inu: What's Next for These Meme Coins?

Current Struggles

• Dogecoin (DOGE)
• Trading around $0.195
• Struggling to hold symmetrical triangle pattern
• Below 0.382 Fibonacci retracement ($0.1964)
• Below 50-EMA ($0.1979)
• Potential drop to 0.236 retracement ($0.1787)
• RSI near 45, indicating slowing momentum

• Repeated rejections near 100-EMA ($0.2023) and descending trendline

• Shiba Inu (SHIB)
• Trading around $0.0000103
• Stuck in narrowing symmetrical triangle
• Facing resistance below 50-EMA ($0.00001026)
• Descending trendline from October highs
• Weakening support at 0.382 Fib retracement ($0.00001022)
• Potential drop to 0.236 level ($0.00000956)
• Thin volume and red supertrend indicator

Market Implications

• Meme coin market cap: $57 billion
• Daily volumes rising by 14%, but market cap falling
• Rotation happening, not new inflows
• Liquidity stress for DOGE and SHIB
• Potential ripple effect across the meme sector