Meme coins are all on alert! DOGE, SHIB, and PEPE are showing sell signals, raising fears of a new round of fall.

As the overall selling pressure in the crypto assets market intensifies, the three major popular meme coins — DOGE, SHIB, and PEPE — are all showing technical sell signals. Signals such as MACD cross below, RSI declining, and pattern breakdown indicate that market sentiment is rapidly shifting towards bearish, with significant short-term downside risk increasing.

Overall Market Sentiment: Bears Dominate

(Source: Trading View)

According to CoinGlass data, the short positions in the derivatives market for DOGE, SHIB, and PEPE continue to rise:

DOGE: The short selling ratio in the past 24 hours is 55%.

SHIB: The short position accounts for 57%

This indicates that risk aversion is spreading, with most traders expecting prices to decline further.

DOGE: MACD issues a sell signal

(Source: Trading View)

Current price: Approaching the 50-day EMA ($0.2163)

Technical Analysis:

MACD crosses below the signal line → sell signal

RSI: 47, broke below the midline, buying momentum weakened

Downward target: If it breaks below the 50-day EMA, or tests the 200-day EMA ($0.2100)

Bounce conditions: Hold support and bounce, may retest the resistance at $0.2407

Shiba Inu (SHIB): Triangle formation is on the verge of collapse

(Source: Trading View)

Current price: Approaching the lower support of the symmetrical triangle (0.00001244 USD)

Technical Analysis:

MACD and the signal line issue a sell signal

RSI: 43, indicating that buying pressure continues to decline.

Downward target: If it breaks the support, it may test 0.00001166 USD.

Bounce conditions: Bounce within the triangle, or retest the 50-day EMA ($0.00001304)

PEPE coin (PEPE): Death Cross Risk Approaches

(Source: Trading View)

Current price: close to psychological support 0.00001000 USD

Technical Analysis:

The MACD has continued to decline since the crossover on Saturday.

RSI: 42, momentum is bearish

The 50-day and 200-day EMA are rapidly approaching, which may form a "death cross."

Downward target: Breaking below psychological support will test 0.00000986 USD

Bounce conditions: Recovery of the 200-day EMA ($0.00001120) can restart the bullish trend.

Conclusion

DOGE, SHIB, and PEPE are currently showing a consistent downward trend in technical analysis, with MACD sell signals and declining RSI indicating that short-term dumping pressure is difficult to alleviate. If the key support level is breached, the three major meme coins may face a new round of decline. Investors should closely monitor pattern breakdowns and moving average crossovers, and carefully set stop-loss orders to respond to market fluctuations. For more real-time market data and in-depth analysis, please follow the official Gate platform.