Memes are suffering today. Dogecoin, Shiba Inu, and Pepe are all in the red while Bitcoin continues to push downward. I just noticed that BTC is hovering around 77.8K, and that’s enough to drag the entire meme altcoin market with it.

Dogecoin is touching 0.10, down nearly 0.78% for the day. It recently tried to break upward near 0.104 but didn’t succeed. Now it’s trapped in a symmetrical triangle, which basically means nobody knows where it’s going to jump. Buyers and sellers are at a technical deadlock.

Shiba Inu dropped to 0.00000539 with a decline of 1.66%. The interesting part is that there was a huge increase in token burning, over 8000% in a short period, with 3.8 million SHIB out of circulation. Normally, that helps the price in the long term, but when the overall market is weak, even that doesn’t matter much.

And Pepe, the meme token everyone follows, is trading bearish like the rest. No surprises here: when Bitcoin falls, meme tokens like Pepe tend to fall faster because they thrive on market sentiment. The key support level for Shiba is at 0.00000526, so if it holds there, it could bounce. But everything depends on what Bitcoin does in the next few hours.

Volatility is everywhere now. These meme assets react strongly to Bitcoin’s movements, so we’ll probably see more swings until BTC finds a level where it wants to stay. For now, it’s wait and see.