cryptoneutral
Dogecoin and Shiba Inu: What's Next for These Meme Coins?
Thursday, October 30, 2025
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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
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