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Business · Cryptocurrency · published 2026-10-23 · via DailyCoin

Meme Coins Struggle to Find Footing as Sellers Remain Active

Image via DailyCoin
Image via DailyCoin

Dogecoin, Shiba Inu and PEPE are showing tentative signs of stabilization, though sellers still dominate their recent trading. DOGE is testing a support zone near $0.0800, PEPE drew attention after a 7.2 trillion-token transfer and faces resistance near $0.0000050, and SHIB added roughly 150,000 holders without a clear price recovery.

Expanded Detail

Market observers identify $0.0800 as a possible accumulation area for Dogecoin; a hold there could set up a test of about $0.08683 if demand absorbs available supply.

PEPE's 7.2 trillion-token transfer coincided with better spot outflows, which can reduce exchange-held liquidity; it still meets resistance near $0.0000050. SHIB gained roughly 150,000 holders, yet persistent selling has kept a clear price rebound elusive.

Context

For retail traders and small holders, the tentative stabilization may shape risk appetite more than long-term financial security: sharp meme-coin swings could affect savings, trading decisions, and confidence in crypto markets. Large-token transfers and holder growth may also influence how communities interpret market fairness and whale influence, while broader observers could see the sector’s fragility as a caution about speculative assets.

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
Read the full article at DailyCoin →
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Memecoins Search For a Floor; Sell Pressure Lingers.” Browse more stories.