Meme Coin Outlook: Why Can't It Find a 'Direction' Despite Personal Funds Pouring In

Despite signs of recovery across the overall virtual asset market, major meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are surprisingly underperforming. Interestingly, derivative data indicates a clear increase in retail investor participation, yet prices remain below key resistance levels or trapped within a range. The current outlook for meme coins can ultimately be summarized as a typical “funds are flowing in, but market consensus has yet to form” wait-and-see phase.

Retail Investor Demand Signals, Recovered Interest Seen in OI Growth

According to CoinGlass data, the open interest (OI) for DOGE, SHIB, and PEPE futures has recently increased by 4%, 8%, and 3%, respectively, reaching $1.48 billion, $84.82 million, and $253.52 million. This suggests that retail-focused investor interest is temporarily rebounding.

However, liquidation data shows different patterns for each coin. Over the past 24 hours, Dogecoin experienced $2.56 million in long liquidations (buy positions), significantly exceeding short liquidations of $660,000, indicating weak momentum with cautious buying. Conversely, Shiba Inu and Pepe saw more short liquidations (sell positions) than long, implying that bearish bets are being settled first, naturally supporting prices and reflecting a bullish bias.

Dogecoin Outlook: $0.1568 as a Turning Point

Currently, DOGE is trading near $0.09, down 1.07% over the past 24 hours. It remains within a range between the November 21 low of $0.1332 and the November 26 high of $0.1568.

The bullish scenario is clear. A definitive close above $0.1568 would confirm a breakout of the range top, opening the possibility for further gains toward $0.1810. Technical indicators support this view. The daily RSI is at 41, below the neutral line but steadily rising, and the MACD shows a gradual upward trend toward zero. This suggests diminishing selling pressure and a gradual weakening of bearish momentum.

Conversely, falling below $0.1332 would drastically change the outlook. Breaking below the range bottom could trigger a correction sentiment, potentially leading to a sharp decline toward the psychological support level of $0.10.

Shiba Inu Outlook: Breaking $0.00000900 Key to Bullish Momentum

Shiba Inu has declined 1.88% over 24 hours, forming red candles for three consecutive days. However, the rebound from the recent low of $0.00000817, supported by the trendline connecting the lows of November 21 and December 1, indicates ongoing demand in this zone.

The main risk is a breakdown below $0.00000817. If this level fails, the support trendline itself would break, increasing the likelihood of a decline toward the November 21 low of $0.00000755.

In terms of momentum, confidence remains limited. RSI is at 46, in neutral territory, and both MACD and the signal line are struggling to rise above zero. To turn bullish, a clear break above the resistance trendline at $0.00000900 (connecting the highs of September 13 and October 6) is essential. A confirmed breakout here could set the next target at the psychological level of $0.00001000.

Pepe Outlook: Failed Psychological Recovery Slows Upward Pace

Pepe has declined 0.57% over 24 hours and remains range-bound. The current range is between the November 4 low of $0.00000521 and the November 21 low of $0.00000395, with the price at risk of re-testing the lower support amid a downward cycle.

Technical indicators are similar to Shiba Inu, showing “slightly improved from neutral.” RSI is at 45, in neutral, and MACD and the signal line are gradually rising toward positive territory, but a bullish reversal is not yet confirmed.

The key resistance is at $0.00000521. Reclaiming this level and confirming a breakout above the range top could open the scenario of testing the supply zone around $0.00000650. However, the inability to regain the psychological level of $0.00000500 at this stage is seen as a factor limiting the speed of upward movement for meme coins.