Pepe and Shiba Inu Coins Struggle as Market Dynamics Shift – BitRss

The cryptocurrency market‘s prominent memecoins, Pepe (PEPE) and Shiba Inu (SHIB ($0.00)), have experienced significant declines in the past two months. Pepe’s price has dropped 70% from its December 2024 peak, while technical indicators suggest further short-term losses. In contrast, Shiba Inu lost 21% in value over the past week, although some experts highlight its long-term growth potential.

Pepe Coin Faces Major Support Challenges

Pepe Coin has seen a decline from $0.00002837 in December to $0.00007950. The formation of a “head and shoulders” pattern on the daily chart and the risk of a “death cross” between the 50-day and 200-day moving averages strengthen the downtrend. These technical signals suggest that the memecoin could fall to $0.000050.

Pepe Coin – Shiba Inu Coin Price Analys…