{"id":396095,"date":"2024-06-01T00:30:20","date_gmt":"2024-05-31T19:00:20","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=396095"},"modified":"2024-05-31T14:50:36","modified_gmt":"2024-05-31T09:20:36","slug":"dogecoin-pepe-log-minimal-drops-amid-memecoin-slump-how","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-pepe-log-minimal-drops-amid-memecoin-slump-how\/","title":{"rendered":"Dogecoin, PEPE log minimal drops amid memecoin slump &#8211; How?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Dogecoin and PEPE\u2019s prices dropped by 2% in the last 24 hours.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Market sentiment continued to remain bearish on both memecoins.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the market somewhat turned bearish, several memecoins witnessed major price drops. However, among them, <\/span><a href=\"https:\/\/ambcrypto.com\/category\/pepe-coin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE<\/span><\/a> <span style=\"font-weight: 400;\">and <\/span><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><\/a><span style=\"font-weight: 400;\"> were the least affected. Let&#8217;s have a closer look at their states to find what helped them minimize their losses.\u00a0<\/span><\/p>\n<h2><b>PEPE, DOGE hold their ground<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On one hand, there was <\/span><a href=\"https:\/\/ambcrypto.com\/category\/shiba-inu-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/dogwifcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">dogwifhat [WIF]<\/span><\/a><span style=\"font-weight: 400;\"> that witnessed price drops of more than 6% and 8%, respectively. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, DOGE and PEPE remained relatively stable as their values dropped by less than just 2% at press time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> According to <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, at the time of writing, PEPE was trading at $0.00001457, and DOGE had a value of $0.1592. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, PEPE created buzz last week as its price rallied substantially, allowing it to reach an all-time high. Despite DOGE\u2019s stable price action, its weighted sentiment dropped sharply, meaning that bearish sentiment was dominant in the market. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">PEPE\u2019s fate was also similar, as its graph also moved the same way. Additionally, after spiking last week, both tokens\u2019 social volumes dropped.<\/span><\/p>\n<figure id=\"attachment_396097\" aria-describedby=\"caption-attachment-396097\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024.png\"><img decoding=\"async\" class=\"wp-image-396097 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024.png\" alt=\"PEPE and DOGE's social volumes dropped\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.39.09-31-May-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-396097\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Lookonchain recently posted a <\/span><a href=\"https:\/\/x.com\/lookonchain\/status\/1796177631240761747?t=QLWtrLkbvR-SM7lMmoSyXA&amp;s=19\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> highlighting a development that might have helped PEPE remain stable. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, when PEPE\u2019s price dropped, two whales bought over 500 billion PEPE, which were worth over $7.5 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto\u2019s analysis of Santiment\u2019s data revealed that buying pressure on the memecoin remained high throughout last week as its exchange outflow spiked. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">High buying pressure might have allowed PEPE to hold its ground better than the rest.\u00a0<\/span><\/p>\n<figure id=\"attachment_396098\" aria-describedby=\"caption-attachment-396098\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024.png\"><img decoding=\"async\" class=\"wp-image-396098 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/Dogecoin-DOGE-11.42.13-31-May-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-396098\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h2><b>What to expect next?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto\u2019s analysis of PEPE\u2019s daily chart revealed that the meme coin\u2019s price was sitting just above its 20-day Simple Moving Average (SMA). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This hinted that if the bear trend continues, then its price might just drop to its 20-day SMA before it gains bullish momentum. Its Chaikin Money Flow (CMF) also registered an uptick, which was a bullish signal. <\/span><\/p>\n<figure id=\"attachment_396101\" aria-describedby=\"caption-attachment-396101\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20.png\"><img decoding=\"async\" class=\"wp-image-396101 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20.png\" alt=\"\" width=\"2710\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20-2048x1146.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/PEPEUSDT_2024-05-31_11-45-20-1200x671.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-396101\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Things for Dogecoin, however, looked a bit more dicey. For example, its MACD displayed a bullish crossover happening on the 31st of May. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) also registered a decline and reached the neutral mark. These indicators suggested that DOGE\u2019s price decline might continue.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check out the <\/span><a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">DOGE Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Nonetheless, the Chaikin Money Flow (CMF) remained bullish as it increased slightly. If the downturn continues, then DOGE might fall to its support at $0.148. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A drop below that mark could push the world\u2019s largest memecoin\u2019s price to $0.129 in the coming days.<\/span><\/p>\n<figure id=\"attachment_396102\" aria-describedby=\"caption-attachment-396102\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38.png\"><img decoding=\"async\" class=\"wp-image-396102 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38.png\" alt=\"\" width=\"2710\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38-2048x1146.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/05\/DOGEUSDT_2024-05-31_11-50-38-1200x671.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-396102\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>While most memecoins witnessed major price corrections, Dogecoin and PEPE managed to hold their ground better than the rest.<\/p>\n","protected":false},"author":75,"featured_media":396109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,5824,66,3,6390,4,20],"tags":[6427],"class_list":["post-396095","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-pepe-coin-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin, PEPE log minimal drops amid memecoin slump - How? 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