A few years ago, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) dominated the memecoin market, always being in headlines. It’s not just about the buzz; these memecoin also perform well compared to other legacy cryptocurrencies. But with new competitors flooding in, it seems that these OGs meme coins are losing the hype.
Dogecoin is the king of memecoins, having started the trend of meme cryptocurrencies in the crypto space. It is also endorsed by popular figures such as Elon Musk, Snoop Dogg, and others. On the other hand, Shiba Inu is inspired by Doge and has gained tremendous buzz. SHIB generated some hefty gains and made a fortune for its early investors. PEPE is known as a dominator due to its extraordinary performance and cult-like fanbase.
However, in recent times, these coins have struggled a lot. Looking at the technical charts, DOGE hit its all-time high of $0.7376 four years ago on May 8, 2021. Right now it is down by over 78% from its all-time high.
Shiba Inu hit an all-time high of $0.00001271 in bull run 2021, and currently it is 87% down from its all-time high. PEPE hit an all-time high of $0.00002825 about 6 months ago, and currently it is down by 64% from its all-time high price.
So, the million-dollar question everybody is asking is, are these top memecoins dead? If you have the same question, you are at the right place. In this article, we will analyse DOGE, SHIB and PEPE and find out whether it is the end of these memecoin or they will bounce back. So, without wasting more time, let’s get started.
Dogecoin: The Memcoin Pioneer
On the daily technical chart, DOGE price is trading below the 50-day and 200-day EMA levels, showcasing a bearish trend. RSI is at 34.51 below the 14 SMA line, showcasing bearishness. The chart pattern and indicators show that the Dogecoin price is in the control of sellers right now.
Currently, the price stands at $0.2095, which is a large drop compared to the highs of more than $0.48 in December 2024. Since March, the OG memecoin has been in a definite downtrend as the price has been making lower highs and lower lows.
The technical arrangement shows a descending falling pattern, where the price keeps on testing the horizontal support of around $0.14-$0.16 and is limited by a falling trendline resistance.
The RSI is in a bearish zone shows that it is oversold, but not yet in a strong divergence, which means that there is still more room to fall.
The recent failure to break the resistance zone of $0.20-$0.18 shows that selling pressure is still present. The important support to monitor is the critical one at $0.14, where a break may fasten the fall to $0.10. To turn the momentum, DOGE must regain the $0.25 mark and move above the downward trendline in any recovery.
Shiba Inu: The Buzzing Star
SHIBA INU is trading at a price of $0.00001142 and is on a downward trend, having been rejected at higher resistance levels. The technical chart shows a definitive bearish trend where the price action keeps falling since the December 2024 high of about $0.000033.
The 200-day and 50-day exponential moving averages are the dynamic resistance, and the token is struggling below the key support levels. The RSI value of 34.65 is oversold, which implies that a short-term rebound could be seen in the Shiba Inu price.
The short-term support is at the level of $0.000010, and the resistance is at $0.000012 and $0.000015. If SHIB gets the buyers’ support, it could recover to the $0.00001269 mark. The larger technical framework is, however, weak, and any lasting recovery above current resistance levels will need a huge influx of volume and a change in market sentiment.
PEPE: The Dominator
The PEPE daily trading chart shows a memecoin that is in a strong downtrend after a December 2024 major rally. However, after touching $0.00000522, PEPE showed a remarkable rebound, touching a high of $0.00001549. But buyers are unable to maintain the positive momentum, and the price halted below the 50-day and 200-day EMA levels.
At the time of writing PEPE price is trading at the price of $0.00000999, and the price is falling consistently. The next support for the Pepe price is at $0.00000760 and $00000522. Moreover, the 50-day EMA and 200-day EMA levels are about to form a bearish cross, which showcases more bearishness.
The RSI is heading in the downward direction currently at 39.57 below the 14 SMA line, showcasing overbought conditions. If the price breaks the $0.00000760 level, investors may witness further downside.
Final Thoughts
It seems that the history of DOGE, SHIB, and PEPE is a typical story of rise and fall, but its not the end. These memecoin kings who ruled the crypto kingdom are now in the shadows, bloodied but not broken. DOGE, the first one that made a revolution, is 77% lower than its crown. SHIB, the ambitious competitor, has fallen by 87% off its throne. The ruler PEPE, licks its wounds after a 64% decline.
However, there is another truth behind the bearish charts and oversold indicators. They are not mere tokens, but movements, with armies of believers who have already gone through storms. These OG memecoins are not dead yet some analyst predict that these memecoins will shine in the next Altcoin Season and it correct time to grab them. However, right now technicals are saying a different story. So weather these memecoin will comeback or not only time will tell.
Also Read: Altcoin Season 2025 Delayed? This Catalyst Could Bring Down Bitcoin
