Since Bitcoin fell below $70k, the entire meme coin market has been shaken.

The price of Dogecoin has dropped about 2.87% in 24 hours, reaching around $0.0904.
Last week, it rebounded to around $0.104, but was ultimately pushed down by selling pressure.
From a technical perspective, it has returned to a symmetrical triangle pattern, with buyers and sellers facing off.
The next big move will likely depend on the direction of Bitcoin.

Looking at Dogecoin's price movement, it’s clear that overall market sentiment has a significant impact.
When Bitcoin drops, meme coins tend to fall even more.
That’s the current market situation.

Shiba Inu Coin is also down 2.05% in 24 hours, trading near $0.00000539.
But there’s an interesting development: token burn activity has surged sharply.
It has increased by over 8,000%, with more than 3.8 million SHIB tokens removed from circulation.
Normally, this should lead to long-term price strengthening, but it’s being overwhelmed by the overall market decline.
Analysts are watching the support level at $0.00000526, and if it holds, a recovery to $0.00000540 is possible.
However, if Bitcoin weakens further, that recovery could be delayed.

Pepe is trading around $0.00000334, with momentum indicators showing weak pressure.
Geopolitical tensions are also affecting market psychology, increasing overall uncertainty.
The next move of Bitcoin seems likely to be a key factor for the entire meme coin market.