Meme coins recorded sharp gains before pulling back as crypto markets reacted to shifting geopolitical conditions. Dogecoin, Shiba Inu, and Pepe Coin each posted notable intraday advances before giving up some ground. The broader digital asset market capitalization reached $2.43 trillion, a 0.74% rise over 24 hours. The meme coin segment alone was valued at $33.4 billion, up approximately 2% on the day before softening. Bitcoin held above $71,000, while Ethereum remained firm above $2,100.
The catalyst was a five-day pause in U.S. strikes against Iran, announced by President Donald Trump. Investor anxiety eased. Risk appetite returned briefly. However, analysts caution that without sustained macro support, the rally may struggle to hold.
Dogecoin Tests Key Support Amid Mixed Signals
Dogecoin climbed 4.74% during the session, reaching $0.0942. The advance was supported by increased trading activity and signs of whale accumulation. However, the token has since faced renewed selling pressure. At the time of writing, Dogecoin trades at around $0.09324, down 2.25% in the last 24 hours.
The $0.092 level is the immediate support zone to watch. A sustained hold there could open a path toward $0.0955. A break above that level, combined with broader market strength, may drive prices toward the $0.10–$0.15 range. On the downside, a slip below $0.088 risks a drop toward $0.086.
Technical analysts are tracking a potential inverse head and shoulders pattern. If confirmed, this formation could signal a medium-term trend reversal. For now, price action remains sensitive to Bitcoin’s direction.
Shiba Inu and Pepe Coin Reflect Broader Market Pressure
Shiba Inu gained 6.32% during the peak of the rally, trading at $0.00000615. A sharp rise in its token burn rate reduced circulating supply and added buying pressure. The token held above the $0.000006 support level throughout the session. That threshold remains critical. A hold above $0.00000596 could allow a test of $0.00000650. Weakness below that level risks a decline toward $0.00000572.
At the time of writing, Shiba Inu trades at around $0.00000613, up 0.10% in the last 24 hours.
Pepe Coin also advanced 4.74%, reaching $0.00000344. Trading volume surged 93% to $454.59 million, signaling strong buyer participation at the time. At the time of writing, PEPE trades at around $0.00000349, down 0.59% in the last 24 hours.
Source: https://coinpaper.com/15682/dogecoin-shiba-inu-and-pepe-coin-prices-drop-after-brief-rally-what-s-next
