Dogecoin

Pepe

Shiba Inu

<ul class="wp-block-list news-points">
 <li>Meme coins like Dogecoin, Shiba Inu, and Pepe show mixed performance.</li>
 <li>Bitcoin reaches a new all-time high, trading at $107,487.</li>
 <li>The market outlook for meme coins remains uncertain, with the potential for further decline.</li>
</ul>
Bitcoin hit a new all-time high of $107,487 yesterday. However, meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) failed to follow suit. This leaves investors wondering what to do next.
<h2 class="wp-block-heading" id="h-weakness-in-meme-coins">Weakness in Meme Coins</h2>
Dogecoin, the largest meme coin by market cap, is trading at $0.3869, reflecting a 4.1% loss in the last 24 hours and reducing its monthly gain to a modest 3.1%.&nbsp;
According to analyst Diana Fuman, <a href="https://coinedition.com/is-dogecoin-heading-higher-2-billion-whale-transfer-analyzed/" rel="noopener noreferrer nofollow">Dogecoin</a> shows weak adjustment at its current price, with the Stochastic RSI indicating an oversold status. Fuman <a href="https://x.com/diana_fuman_442/status/1869316951753048535" target="_blank" rel="noopener noreferrer nofollow">suggests</a> that recovery may be possible if the price holds above $0.38 in the short term, though the overall trend remains weak and directionally neutral.
Similarly, Shiba Inu has dropped 5.0% in the past 24 hours to $0.00002592. Analyst Natalie Dormer <a href="https://x.com/NatalDormer/status/1868784256442421739" target="_blank" rel="noopener noreferrer nofollow">notes</a> that if SHIB’s trend curve breaks, its price could dip to $0.000022, extending the ongoing pullback phase.&nbsp;
Meanwhile, key resistance levels are id…
The post <a href="https://coinedition.com/meme-coins-flounder-despite-bitcoins-bull-run-investor-outlook/" rel="noopener noreferrer nofollow">Meme Coins Flounder Despite Bitcoin’s Bull Run: Investor Outlook</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Meme Coins Flounder Despite Bitcoin’s Bull Run: Investor Outlook

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