Meme coins continue to trade under pressure at the start of the week as the broader crypto market struggles, with Bitcoin (BTC) slipping below $77,000 on Monday. Dogecoin (DOGE) faces renewed selling after failing to break above a key weekly resistance zone, while Shiba Inu (SHIB) drifts closer to its lower consolidation support following massive losses in the previous week. Meanwhile, Pepe (PEPE) remains vulnerable to further downside, as momentum indicators continue to signal a bearish outlook.
Dogecoin faces rejection from the weekly resistance zone
Dogecoin rose and retested the weekly resistance at $0.119 on Thursday, but faced rejection, declining nearly 6% through Sunday. At the time of writing on Monday, DOGE is extending its correction, trading below $0.106.
If DOGE continues its…
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Source www.fxstreet.com
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