Predictions for the prices of top meme coins: Dogecoin, Shiba Inu, and Pepe are set to continue their fall.

The top meme coins continue to plummet during Wednesday's trading session, pulling the total market cap of the segment down to $54.41 billion — equivalent to a drop of more than 20% in just one month. Dogecoin (DOGE) and Shiba Inu (SHIB) lost 3% in value since the beginning of the week, while Pepe (PEPE) saw a sharper decline of over 8%. The sell-off is spreading across the market as geopolitical tensions in the Middle East continue to escalate, causing investor sentiment to become more cautious than ever.

Dogecoin is at risk of falling below the $0.15 mark

Dogecoin continued to plummet in Wednesday's trading session, falling over 1% and marking an 8-day consecutive decline, with a total drop of nearly 15%. The day before, this meme coin had lost an additional approximately 2%, falling to a six-week low at $0.1639.

Daily DOGE/USDT Chart | Source: TradingView The price movement shows that the downward trend is still dominant, with the risk of DOGE breaking through the key support level at $0.1642 – the low established on May 6. If buying power is not strong enough to maintain a daily closing above this level, Dogecoin is likely to continue falling deeper towards the next support area around $0.1428 – a price level that was previously tested on April 8.

Technical indicators are currently leaning towards the bears. The MACD indicator continues to slide deeper into negative territory, with the signal line sloping downwards, indicating that the weakening momentum is accelerating. Meanwhile, the relative strength index (RSI) is at 35 and continues to head towards the oversold zone, reflecting increasing selling pressure.

However, if DOGE can hold above the $0.1642 level, a technical recovery could very well occur, targeting the monthly high at $0.2067.

Shiba Inu is in danger of prolonging the downtrend

Shiba Inu is repeating the gloomy scenario of Dogecoin as it records a series of eight consecutive red candles, although it remains above the key support area of $0.000010 – the lowest closing level established in March. In Tuesday's trading session, SHIB fell to a two-month low at $0.00001134.

Daily SHIB/USDT chart | Source: TradingViewAlthough it has not yet broken the important support level of $0.00001150, the chances of a reversal are becoming increasingly dim. If this level is breached, the fall may continue and pull the price down to the $0.00001029 area – the lowest low since the beginning of 2025.

The current technical signals are not very optimistic: the daily RSI is at 36 and approaching the oversold zone, while the MACD continues to weaken in the negative area – indicating that selling pressure is dominant, similar to what is happening with Dogecoin.

On the contrary, if SHIB can recover, the nearest resistance area to overcome is $0.00001200 – the price recorded on June 5.

PEPE faces the risk of losing the psychological support level

Pepe is struggling to hold above the psychological support level of $0.00001000, after losing nearly 10% in value over the past week — indicating that a continued downtrend is the most likely scenario.

PEPE/USDT daily chart | Source: TradingViewIf the daily candle closes below this important support level, PEPE is likely to fall back to the $0.00000900 region – an area that was last tested on April 26 and marked by the green band on the daily chart.

Selling pressure is clearly increasing as the PEPE/USDT pair continues to weaken and technical indicators are also sending negative signals. The RSI has fallen to 38 and is approaching the oversold zone, while the MACD maintains a downward trend with new negative histogram bars forming.

However, if tensions in the Middle East ease, creating conditions for the cryptocurrency market to recover, PEPE may hold steady at the $0.00001000 mark and experience a slight recovery. In this positive scenario, the meme coin could retest the $0.00001196 region – the bottom established on May 17.

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