Major meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) declined due to the market mood shifting towards selling. The worst part is that it has continued even after a 4-day decline. Doge is hanging by at 0.18. This decrease is associated with a drop in futures Open Interest (OI), indicating that traders are cutting back on their riskier bets. Pepe is currently experiencing heat near its monthly support zone; if it breaks that level, losses could accelerate.
Data from Coin Glass shows DOGE’s OI dropped 3% over the past day, while SHIB saw a sharper decline of 12%; meanwhile, PEPE slid 9%. That dip hints traders might be stepping back, steering clear of risk-heavy meme tokens for now.
Technical signals back up the downward trend. With Dogecoin, the MACD is edging toward a downside crossover on the 4-hour chart, while the RSI sits at 39. Meme-based tokens still swing hard with market shifts—watch those key support zones tight, since deeper drops might hit if crypto sentiment sours overall.
