Beyond the Bark: Charting Dogecoin’s Path Through Support & Resistance

• Dogecoin and Shiba Inu fell over 5% in 24 hours, while trading volume in meme coins jumped 44%.
• Trump and Brett meme coins defied the trend, gaining 28.74% and 8.29% respectively.
• DOGE hovers near key Fib levels, with predictions as high as $2 despite bearish technicals.

Meme coin leaders Dogecoin (DOGE) and Shiba Inu (SHIB) cooled off Thursday, both dropping over 5% in 24 hours. 

Yet, the weekly performance of DOGE and SHIB tell a different story. DOGE is still up 10.5%, and SHIB isn’t far behind with a 9.44% gain in the last seven days, CoinMarketCap data shows.

Meanwhile, Trump-themed token TRUMP bucked the trend, rocketing 28.74% to reclaim the $12 mark amid renewed political hype. Meme token BRETT also showed resilience, notching a 24-hour gain of 8.29% and boasting an eye-popping 50% rally over the past week. 

Despite such outliers, the total market cap of the meme coin sector shrank by 3.30% to $52 billion. 

Dogecoin Consolidates: What Do the Charts Say?

At press time, DOGE is trading at $0.1729, down 3.21% on the day. The current price action appears trapped in a sideways consolidation pattern with muted volume, as bulls and bears wrestl…

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