
Jakarta, Pintu News – The crypto market has been rocked again after Bitcoin experienced a sharp drop below $67,000, triggering a massive sell-off in various digital assets, including meme coins. The overall market value of meme coins fell 1.8% to $34.3 billion on Monday, February 23.
This was compounded by the liquidation of $434 million worth of long positions and fresh macroeconomic concerns from the United States that made investors even more wary. This article will discuss the price predictions of the top three meme coins, namely Dogecoin , Shiba Inu (SHIB), and Pepe Coin (PEPE), amid the ongoing crypto market turmoil.
Dogecoin (DOGE) has decreased by 0.74% in the last 24 hours and is trading around $0.0966. This decline is in line with the negative trend in the crypto market in general, where major assets such as Ethereum , Ripple (XRP), Solana (SOL), Cardano , and Binance Coin have also recorded corrections. Consistent selling pressure means that DOGE has moved down for six consecutive sessions, although it is still holding above crucial support levels.

If DOGE prices are able to hold above $0.095, there is a chance of stabilization and a potential rebound to the $0.12 to $0.15 area in the near term. However, if the selling pressure continues and DOGE fails to hold the pivot level, the risk of a drop to the $0.09 area is wide open.
Market sentiment, which is still influenced by macroeconomic factors and news related to global trade, makes the movement of DOGE very sensitive to external changes. Investors tend to refrain from entering the market before there is certainty about the direction of movement of Bitcoin (BTC) and other major crypto assets. Thus, DOGE is still in a cautious phase and waiting for a positive catalyst to reverse the bearish trend.

Shiba Inu (SHIB) has also not escaped the market pressure, with its price dropping 1.53% in the last 24 hours to $0.00000615. This drop comes as Bitcoin (BTC) weakens and investor confidence in the crypto market as a whole decreases, reflected by the market capitalization falling by 2.57%. SHIB is now approaching an important technical support area, where if the price is able to hold above $0.00000590, the opportunity for a rebound to the $0.0000066 resistance is still open.
Also read: 4 US Economic Agendas Ready to Rock Bitcoin (BTC) Price in Late February!
However, if that support is broken, the downtrend could deepen and increase potential losses. On-chain data shows SHIB’s burn rate plummeted by 95% in the past day, burning only 158,910 tokens. This drop in burn rate signals weakening community activity and reduced deflationary pressure on SHIB.
Technical indicators such as MACD which is approaching the zero line and RSI which is about to enter the oversold zone indicate that the bearish trend is still dominating. Investors need to pay close attention to the movement of Bitcoin (BTC) as the main reference, as any significant changes in BTC will directly impact the price of SHIB.
Amidst the market pressure that has hit the majority of meme coins, Pepe Coin (PEPE) has actually recorded a 2% price increase in the last 24 hours to $0.000004188. This surge occurred despite the general decline in the meme coin sector, signaling short-term buying interest from investors.

PEPE’s trading volume jumped 30% to 276.17 million, indicating new capital inflows and the potential for more volatile price movements. Technically, PEPE is trying to break out of a descending wedge pattern, with target support at $0.0000039 and resistance at $0.0000045.
Nonetheless, PEPE’s medium-term trend is still influenced by overall market sentiment and Bitcoin (BTC) movements. If the selling pressure in the crypto market continues, PEPE is at risk of correcting back to the nearest support level.
However, in the event of a recovery in the major markets, PEPE has the potential to continue its rally to higher levels. Traders and investors are advised to remain vigilant and pay attention to trading volumes and key support-resistance levels before making a decision.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
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