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So Bitcoin's been bouncing around the mid-$70K range lately, and honestly the meme coin sector is feeling it hard. Dogecoin just pulled back to around $0.11 after a brief rally earlier in the week when it touched $0.104. The breakout didn't stick though—sellers came back in and now it's sitting inside a symmetrical triangle, which basically means nobody knows what's happening next.
Shiba Inu is another one that's getting hit. It's trading near $0.00000539 right now, down a couple percent on the day. What's interesting is that Shiba Inu actually saw a massive spike in burn activity—over 3.8 million tokens were removed from circulation, which normally should help the price. But yeah, that didn't matter much when the broader market started pulling back.
Pepe is also in the red, hovering around $0.00000334, and the technical indicators aren't exactly screaming bullish. The whole meme coin complex just moves with Bitcoin's mood swings at this point. These tokens are way too sensitive to sentiment shifts.
The thing about Shiba Inu and the other memes is they're basically held hostage by macro conditions. As long as Bitcoin stays under pressure, don't expect any real recovery. There's some support around $0.00000526 for Shiba Inu that might matter if we get a bounce, but honestly geopolitical stuff has traders spooked right now. Everything's just waiting to see what Bitcoin does next.