SHIB, DOGE and Pepe Prices Weaken Together: What Will the Trend Be Like?
In the crypto world, meme coins like Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) have not only attracted retail investors but also become media phenomena. However, recently, Shiba Inu price, along with Dogecoin and Pepe, has simultaneously declined—raising the question: Is this just a short-term correction or the beginning of a larger trend?
Recent Price Movements of Shiba Inu, Dogecoin, and Pepe
As of now, price indicators show a synchronized downtrend among the top meme coins:
| Coin | Current Price | 7-Day Drop | Market Cap |
|---|---|---|---|
| SHIB | $0.000022 | -9.2% | $13.1B |
| DOGE | $0.125 | -7.8% | $18.6B |
| PEPE | $0.000012 | -11.5% | $5.3B |
Though the drops are not extreme, all three leading meme coins declining together clearly signals a market correction.
Shiba Inu Price: A Warning Sign or a Buying Opportunity?
Shiba Inu price has broken the short-term support at $0.000024 and is now testing the $0.000021 zone. The RSI has dropped to around 40—approaching oversold territory, suggesting selling pressure is slowing down.
However, on-chain data from Gate shows a slight increase in small wallet SHIB purchases, indicating FOMO still exists at lower price zones.
Why Are Meme Coins Correcting Together?
Several factors contribute to the current correction:
- Short-term profit-taking: After strong rallies last month, many traders are cashing out.
- Lack of new catalysts: SHIB, DOGE, and PEPE haven’t launched any standout features or projects lately.
- Fund rotation: Investors are shifting funds into hot airdrop tokens, pulling momentum from meme coins.
What’s the Next Trend for SHIB, DOGE, and PEPE?
Despite corrections, these coins still maintain large holder bases, showing strong community support.
| Coin | Technical Trend | Key Support Level | Recovery Potential |
|---|---|---|---|
| SHIB | Short-term correction$0.000020 | Moderate | |
| DOGE | Weak sideways trend | $0.118 | Moderate to High |
| PEPE | Short-term downtrend | $0.000010 | Low – depends on sentiment |
For SHIB, holding the $0.000020 zone could lead to a recovery toward $0.000027—especially if positive news from Shibarium or token burns emerge.
Trade Meme Coins Effectively on Gate
On Gate, users can trade Shiba Inu, Dogecoin, Pepe, and hundreds of other meme coins with low fees and high liquidity. Additional features include:
- Copy Trading for beginners
- Auto-trading bots for advanced traders
- Constant updates on hot airdrops and meme launchpads
With a large meme investor community, Gate is the ideal platform to track trends and seize meme coin opportunities.
Conclusion: A Healthy Correction, But Stay Alert
The synchronized drop in Shiba Inu price, Dogecoin, and Pepe isn’t necessarily negative—it may be a step back to prepare for future gains. Still, investors should monitor market data closely and use platforms like Gate for better risk management and trading opportunities.
