The meme coin market continues to struggle as traders weigh short-term recovery attempts against persistent bearish pressure. Dogecoin, Shiba Inu, and MemeCore have all attracted renewed buying interest after recent declines. However, none of the three assets has reclaimed key technical barriers that would confirm a broader trend reversal.
Dogecoin trades near $0.0729 after bouncing from recent lows. However, the token still sits below every major exponential moving average, keeping the broader outlook under pressure. The 20-day EMA at $0.07698 represents the first major hurdle for buyers.
Additionally, the 38.2% Fibonacci retracement at $0.07823 strengthens this resistance area. A successful move above both levels could open the path toward $0.08095 and $0.08366. Beyond that, traders may watch $0.08752 as the next important barrier.
On the downside, support remains near $0.07187 before the recent low at $0.06945. A break beneath this floor would likely reinforce the prevailing bearish trend. Moreover, the Stochastic RSI has turned lower after reaching overbought territory, suggesting bullish momentum continues to weaken despite the recent rebound.
Shiba Inu trades around $0.00000430 after stabilizing near recent lows. However, the token remains below the 20-day, 50-day, 100-day, and 200-day EMAs. This structure continues to favor sellers despite easing downside pressure.
The 23.6% Fibonacci retracement near $0.00000431 now acts as immediate resistance. A stronger recovery requires a decisive break above the 20-day EMA and the 38.2% Fibonacci level at $0.00000444. Consequently, buyers could target $0.00000462, $0.00000475, and eventually $0.00000495.
Meanwhile, support remains at $0.00000422 and the recent low near $0.00000404. Losing that level could trigger another leg lower. Besides, the Stochastic RSI has started turning downward after reaching overbought conditions, signaling fading buying strength.
MemeCore continues to recover from its sharp decline but still trades within a broader bearish structure. The token recently slipped toward $1.19 after failing to overcome the 38.2% Fibonacci retracement near $1.54.
Moreover, price remains below the 20-day EMA at $1.5858, while longer-term moving averages continue pointing downward. Buyers must reclaim these levels before confidence improves.
Immediate resistance stands at $1.2365, followed by $1.54 and $1.8675. Conversely, support rests between $1.15 and $1.18, with $1.00 providing psychological backing.
If selling accelerates, $0.80 and the major low at $0.4799 become the next downside targets. Significantly, the Stochastic RSI remains above 80, indicating overbought conditions that could encourage additional consolidation before another upward attempt.
