• The price of DOGE fell below the $0.15 support level, indicating a possible oversold condition and a potential rebound in the near future.
• SHIB could see an increase towards $0.000025 according to the 1.618 golden ratio.
• While WIF might maintain sideways movement, PEPE is expected to decline to $0.0000064.

Over the past week, most meme coins experienced notable declines, with the exceptions being PEPE and SHIB. SHIB, now ranked 11th in terms of market capitalization, saw a 7.24% increase, while PEPE's price surged by 36.19%.

Conversely, WIF and DOGE faced price drops of 6.38% and 6.99%, respectively, during the same period. A detailed analysis of the reasons behind these performances and potential future price movements are discussed below.

Dogecoin (DOGE)

At the current moment, DOGE is trading at $0.14 per token. A review of the 4-hour chart revealed that DOGE bulls made an unsuccessful attempt to surpass $0.16 on April 23, leading to a quick reversal and subsequent price decline.

Subsequently, DOGE lost the $0.15 support level, while the Relative Strength Index (RSI) dropped to 33.37, indicating a strong bearish sentiment in the market.