- Meme tokens see rising volume despite price dips, signaling possible major moves ahead.
- Dogecoin and Shiba Inu show consolidation patterns as traders await breakout signals.
- PEPE, TRUMP, and BONK attract attention with surging activity amid bearish pressure.
Memecoins are once again making waves in the crypto market. While mainstream assets like Bitcoin and Ethereum dominate headlines, niche tokens like Dogecoin, Shiba Inu, PEPE, TRUMP, and BONK are commanding fresh attention. Their volatile daily performance has reignited debate among traders and investors alike.
Despite price drops across the board, surging volumes suggest something bigger may be unfolding beneath the surface. Traders are watching these coins closely as potential breakouts or breakdowns loom.
Dogecoin and Shiba Inu: Still Holding the Meme Crown
Dogecoin ($DOGE), the original meme token, saw a sharp intraday drop of over 4%, landing at $0.1629. Despite the decline, its volume surged nearly 59%, indicating either strong selling or strategic accumulation.
The price rejected resistance around $0.168 and found short-term support near $0.158. If it fails to hold this level, further losses could follow. However, a push above $0.168 might reignite bullish sentiment.
Similarly, Shiba Inu ($SHIB) dropped 2.81% to $0.00001136. The price hovered between support at $0.00001110 and resistance near $0.00001180.
What stood out was a 68% surge in trading volume, suggesting that participants are far from disinterested. The sideways price action hints at consolidation, which often precedes a larger move.
PEPE, TRUMP, and BONK: Rising Stars Amid Choppy Waters
PEPE has been gaining traction quickly in the meme token ecosystem. On the day, it fell 3.13% to $0.00001005, with heavy volume pushing its trading ratio to a remarkable 17.67%.
This level of activity points to high investor engagement. Price action shows buyers stepping in around $0.00000975, but the failed breakout earlier in the day signals caution.
TRUMP token, on the other hand, dropped only slightly by 0.44%. Its price remained range-bound between $9.10 and $9.53.
Although volume increased by over 17%, price structure shows lower highs forming. This pattern could mean weakening demand unless bulls regain control above $9.53.
BONK experienced the steepest fall at 5.28%, trading around $0.00001371. Yet, its 24-hour volume skyrocketed by nearly 65%. It bounced off $0.0000130, offering a slim hope for stabilization. If it breaks under that support, a deeper slide is possible.
