## Meme Tokens Face Renewed Selling Wave: DOGE, SHIB, PEPE Battle Multiple Resistance Layers

Meme tokens are navigating a challenging technical backdrop after last week's initial rally ran out of steam. **Dogecoin (DOGE) meme tokens**, along with Shiba Inu (SHIB) and Pepe (PEPE), have surrendered recent gains as consecutive down sessions stack up, leaving technical setups increasingly fragile. With buyers stepping to the sidelines, each of the three faces distinct support levels that could determine the next directional move.

### PEPE's MACD Crossover Signals Weakening Momentum

Pepe began the week trading above its $0.00000500 support floor, yet the technical picture darkened as the MACD generated a fresh bearish crossover. This signal aligns with a notable pullback in relative strength—the RSI has compressed from overbought extremes toward the 55 mark, reflecting diminishing bullish conviction.

The psychological $0.00000500 level now represents the critical floor; a break would open the path toward the 50-day EMA at $0.00000528. Conversely, upside potential remains capped near the $0.00000650 resistance zone, with the 200-day EMA sitting at $0.00000738 acting as a secondary ceiling. A renewed rally in companion tokens—particularly the broader DOGE meme complex—could provide the lift PEPE needs to test these upper levels.

### Shiba Inu Clinging to Moving Average Support Amid Buyer Hesitation

SHIB is hovering precariously above the 50-day EMA at $0.00000834 after a sustained seven-session decline that reversed much of the breakout progress from the earlier falling-channel formation. The current consolidation suggests a market in transition: buyers are neither committing aggressively nor abandoning the level entirely.

The momentum indicators paint a cautious picture. The RSI has descended from overbought territory and now sits at 53, edging toward neutral—a deterioration that suggests purchasing power is evaporating. The MACD, meanwhile, has been trending lower and approaches its signal line, raising the probability of a bearish flip if downsides continue.

Should the 50-day EMA fail to hold, the October 10 low at $0.00000678 becomes the next focus. If SHIB can stabilize here, it might attempt a rebound toward the October 11 reference point near $0.0000956.

### Dogecoin: Testing Support as Rally Momentum Reverses

The DOGE meme mascot coin has dropped below its 50-day EMA ($0.1427) after seven consecutive down days, now trading near the $0.1332 level that previously acted as resistance in mid-December before transitioning into support. Current price sits around $0.14 after a 1.96% pullback over the past day—a modest but meaningful retreat in the context of the broader downtrend.

The technical damage is evident: the daily RSI has fallen to 48, dipping below the neutral 50 line and hinting that selling pressure has seized control. The MACD is similarly troubling, beginning to curl back toward its signal line with a bearish crossover looking increasingly probable.

If $0.1332 collapses, the December 31 low at $0.1161 emerges as the next logical downside target. Recovery attempts would first need to reclaim the 50-day EMA, then work toward the November 26 peak at $0.1568 where January 6 gains peaked.

### The Broader Picture: Meme Tokens Move in Tandem

The synchronization across DOGE, SHIB, and PEPE underscores how meme tokens often move as a single cohort. The January 4 spike that set this entire correction in motion suggests that a catalyst strong enough to reignite one could lift the entire basket. Conversely, continued selling pressure may push this trio toward their respective support levels simultaneously.

For traders monitoring the DOGE meme ecosystem, the confluence of weakening momentum, deteriorating technical setups, and absent buying catalysts creates an environment where additional consolidation—or even a flush to lower support—remains a material risk over the near term.