TL;DR:
- Market Cap Impact: The meme coin sector reached a $33.4 billion market cap before selling pressure cooled down prices.
- Geopolitical Context: The pause in tensions between the U.S. and Iran briefly eased market anxiety, boosting risk assets.
- Critical Technical Levels: Dogecoin is struggling to maintain support at $0.092, while Shiba Inu closely watches the $0.000006 threshold.
A highly volatile session took place this Tuesday in the digital asset market, marked by a retreat in memecoins. Iconic tokens such as Pepe, Dogecoin, and Shiba Inu gave back the gains achieved during a brief rally. This adjustment occurs in a context where the total crypto market capitalization stands at $2.43 trillion.
During the session, Pepe’s trading volume surged by 93%, reaching $454.59 million. Meanwhile, Bitcoin remained above $71,000, acting as an anchor for the sector as high-speculation altcoins sought to consolidate their supports following the rally fueled by the geopolitical truce announced by the Trump administration.
Before retreating to the $0.0932 zone, Dogecoin led part of the movement, rising 4.44% to reach $0.0942. Technical analysts identify a possible inverse head-and-shoulders pattern, suggesting a medium-term trend reversal if it manages to break through the $0.0955 resistance.
Technical Analysis of Shiba Inu and Pepe Coin
Thanks to an increase in its token burn rate, Shiba Inu remained resilient, reducing circulating supply and allowing the price to stay above $0.00000613. However, the lack of sustained macroeconomic momentum has limited the bulls’ ability to test levels above $0.00000650.
As for Pepe, the asset showed signs of massive buyer participation before stabilizing at $0.00000349. Despite the initial enthusiasm, a “risk-off” sentiment seems to have partially returned, forcing these assets to seek liquidity at lower levels to avoid a major capitulation.
In summary, the current cooling of the meme sector reflects natural profit-taking following relief in international tensions, leaving investors waiting for clearer signals from Bitcoin to resume the bullish path.
