New York, June 17, 2026, 14:04 EDT
- PEPE held near $0.00000299 after a six-session rebound, putting the token ahead of DOGE and SHIB on short-term momentum.
- DOGE traded near $0.087, just below the $0.088 level analysts are watching for a daily breakout.
- Meme tokens remain a material pocket of crypto risk: CoinGecko put the category’s market value near $31 billion, with about $21.9 billion in 24-hour volume.
PEPE led the main meme tokens on Wednesday, extending a six-day rebound while Dogecoin and Shiba Inu stalled near price levels that chart watchers say could decide whether the latest bounce has room to run.
The move matters because meme coins trade heavily on momentum. They often lack the cash flows or business metrics investors use to value stocks, leaving price levels, liquidity and online demand to do more of the work. CoinGecko describes the category as tokens whose relevance comes from memes and community hype, and its data showed the meme segment roughly flat over 24 hours despite heavy turnover.
The broader crypto market offered little push. CoinGecko put total crypto market value at about $2.34 trillion, while Bitcoin dominance stood at 56.4%. Bitcoin was near $65,560, leaving smaller tokens to trade more on their own technical setups than on a clear market-wide surge.
Dogecoin changed hands around $0.087, below the $0.088 resistance level — a price area where sellers have previously capped gains. Tradingpedia said a daily close above that level could open a move toward the 50-day exponential moving average, a trend gauge that gives more weight to recent prices, at $0.095. Support sits near $0.080 if buyers fail.
FXStreet analyst Manish Chhetri wrote that the tokens were approaching a level that could “determine the next directional bias.” For DOGE, he said the relative strength index, a momentum gauge, was still below 40, pointing to lingering downside pressure even as another indicator showed only a “tentative attempt to stabilize.” FXStreet
Shiba Inu was less lively. SHIB traded close to $0.0000050 after failing to clear that same area, with Tradingpedia pointing to $0.0000054 as the next upside marker if buyers force a daily close above the ceiling. A renewed decline could put the June 6 low of $0.0000043 back in view.
PEPE had the cleaner short-term chart. It traded near $0.00000299 and remained above $0.0000029, with analysts watching $0.0000031 as resistance and $0.0000033 as the next 50-day EMA target. Tradingpedia’s Brian McColl wrote that the six-day rebound “puts PEPE in the lead” among the meme tokens it covered. TradingPedia
The size gap is still wide. CoinGecko ranked Dogecoin at No. 11 by market value, near $13.47 billion, while Shiba Inu stood around No. 35 at $2.94 billion and PEPE near No. 62 at $1.26 billion. That makes PEPE smaller and more sensitive to flows, but also less liquid than DOGE.
Promotional activity around newer meme coins is also running hard. A Tokenwire release carried by OpenPR pointed to steep drawdowns in SHIB and BONK while pitching Pepeto, but the release was sourced to Pepeto and carried a disclaimer that it was for informational use only. Claims about listings or large future returns were not independently confirmed.
But the risk is plain. If DOGE cannot close above $0.088, SHIB cannot reclaim $0.0000050, or PEPE fails at $0.0000031, the rebound could fade quickly. Meme coins can move sharply when attention shifts, and CoinGecko notes their value depends heavily on whether they can maintain audience interest.
For now, the trade is not a sector-wide breakout. It is a test of levels, with PEPE ahead, DOGE waiting for confirmation and SHIB still pinned at the ceiling.
Related articles: Cryptocurrency
