Dogecoin and Pepe Coin are facing renewed selling pressure as the broader crypto market struggles to maintain momentum. The total meme coin market capitalization has dropped to $35.8 billion, reflecting a 7.4% decline in the last 24 hours. This downturn comes as Bitcoin price trades below $70,000 and Ethereum slips under $2,000, dragging altcoins and meme tokens lower.
Dogecoin price has declined by over 6%, currently trading around $0.1005. Despite the recent pullback, DOGE posted a 5% weekly gain and remains technically positioned above a previously broken falling trendline. This breakout is significant because former resistance has now turned into support, a classic bullish price action pattern that often validates upward momentum. If Dogecoin continues to hold above this support zone, it could attempt another push higher, especially if overall crypto market sentiment improves. Market participants are also closely watching macroeconomic events and regulatory developments, which could inject volatility into the crypto space in the coming days.
Pepe Coin price has also retreated, falling nearly 3% in the past 24 hours to trade near $0.00000444. The correction follows a strong 7-day rally of 16%, suggesting profit-taking and weakening short-term momentum. Trading volume has dropped by 46%, signaling reduced investor activity and cautious sentiment. As with most meme coins, Pepe’s near-term outlook remains heavily correlated with Bitcoin’s price action. If BTC holds above the $67,000 support level, PEPE may stabilize around $0.0000044. However, a breakdown below $0.0000043 could open the door for deeper losses.
Overall, Dogecoin and Pepe Coin price predictions remain closely tied to Bitcoin trends. Continued weakness in BTC could extend downside pressure, while a broader crypto market recovery may spark renewed interest in meme coins.
