Doge coin along with Pepe and Shiba Inu are seeing a heavy sell-off

The meme coin market is under significant pressure today. Bitcoin has just dropped below $78K và, and the entire cryptocurrency market is following the downward trend. Doge coin is especially affected, falling from $0.10 to nearly $0.09 over the past 24 hours.

What’s going on with Doge coin? Last week, it even touched $0.104, but then selling pressure returned very quickly. Technical analysis shows that Doge coin is currently trapped in a triangle pattern, meaning buying and selling forces are in balance. If Bitcoin continues to fall, Doge coin will have a hard time finding a chance to rebound.

Shiba Inu is also not doing any better, dropping to $0.00 despite positive news. The amount of SHIB tokens burned increased by more than 8000% in a short period, with more than 3.8 million tokens leaving circulation. Normally, burning tokens like that would support the price, but the overall market is too weak right now, so even good news is being ignored.

Pepe is trading around $0.00, and technical indicators show that selling pressure is still in the lead. All meme coins depend heavily on market sentiment, and right now sentiment is very negative.

Experts emphasize that Shiba Inu needs to hold the $0.00 support zone to have a chance at recovery. But if Bitcoin continues to weaken, it’s hard to see anything good happening for meme coins in the short term. Doge coin, Pepe, Shiba Inu—everything is waiting for Bitcoin to decide the next direction.