SHIB, DOGE, PEPE show troubled signals: Is the meme rally over?

The Decline of Memecoins: PEPE, SHIB, and Doge on the Decline
The Last 24 Hours
In the last 24 hours, the memecoins PEPE, SHIB, and Doge saw a decline in their metrics, signaling a bearish trend.

The End of the Meme Coin Rally
Despite the recent popularity and gains of meme coins like Doge, SHIB, and PEPE, their charts have turned red, indicating the end of the meme coin rally.

PEPE Leads in Social Activity
PEPE stood out in social activity, with over 65 million engagements and 2,000 social mentions in a single day, making it the top memecoin by social activity.

PEPE’s Price Rally and Decline
PEPE’s price rallied by over 65% in the last 30 days but experienced a decline on November 8th, with its daily chart turning red.

Bearish Metrics for PEPE
PEPE’s AltRank deteriorated, and its Social Dominance fell by 17% in the last 24 hours, indicating a potential further drop in its price.

SHIB’s Drop and Whales’ Interest
SHIB’s price dropped by over 2% in the last 24 hours, and its exchange reserve was increasing. However, SHIB remained the most traded token among the top 100 ETH whales.

Doge‘s Similar Behavior
Doge, the largest meme coin by market cap, also saw a 1.5% drop in its value in the last 24 hours. However, its MACD remained in the buyers’ favor.

The Future of Memecoins
With the recent declines in the major meme coins, it remains to be seen how the market will continue to behave in the coming weeks.

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