When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. Learn 
With Dogecoin and Shiba Inu struggling at resistance, could PlayDoge and Pepe Unchained be the next big meme coins in the crypto market?
As we dive into August, the meme coins market is experiencing varied price movements, with established players like Dogecoin, Shiba Inu, and PEPE navigating key resistance levels and consolidation phases.
Dogecoin is currently trading at $0.1039, struggling to break above the $0.1049 resistance level, while Shiba Inu faces a downtrend at $0.000014, battling resistance at $0.00001405.
PEPE, priced at $0.00000797, shows signs of weakening momentum. These price predictions offer insight into the potential short-term trajectories of these high-cap coins.
Given the challenges these established coins face, it’s worth exploring emerging meme coins like PlayDoge and Pepe Unchained, which are still in their presale stages and showing promising signs of explosive growth.
Dogecoin Stalls at Resistance Amid Consolidation
The Dogecoin price is currently $0.1027, with a 24-hour trading volume of $572.5 million. Dogecoin is down 3.31% in the last 24 hours. Its current CoinMarketCap ranking is #9, with a live market cap of $14.95 billion and a circulating supply of 145.54 billion DOGE coins.
Dogecoin is trading within a narrow sideways range between $0.1096 and $0.1000, indicating a period of consolidation. The 50-day Exponential Moving Average (EMA) at $0.1049 acts as a key resistance level, with the RSI hovering around 44, signaling a lack of strong momentum in either direction.
Immediate support lies at $0.1027, with further support at $0.1000. If Dogecoin breaks below these levels, the next support would be $0.0944. On the upside, the immediate resistance is at $0.1049, followed by $0.1096. A breakout from this range could lead to significant price movement.
Consider selling if Dogecoin falls below the 50 EMA at $0.1049, which could indicate further downside potential. A break above this level could invalidate the bearish outlook and suggest a move toward $0.1096 or higher.
Shiba Inu Faces Key Resistance Amid Downtrend
Shiba Inu currently trades at $0.000014, with a 24-hour trading volume of $177.45 million. The asset has decreased 1.69% in the past 24 hours, placing it at #13 on CoinMarketCap with a market cap of $8 billion. The circulating supply is approximately 589.27 trillion SHIB coins, reflecting its widespread distribution.
On the 4-hour chart, Shiba Inu faces significant resistance at the $0.00001405 level, with a pivot point at $0.00001389. Immediate resistance is noted at $0.00001405, with the next resistance levels at $0.00001522. On the downside, immediate support is found at $0.00001300, followed by additional support at $0.00001268.
Technical indicators suggest that Shiba Inu is currently showing neutral momentum, with the RSI at 46.21. The 50-day EMA is aligned with the pivot point at $0.00001389, while a downward trendline exerts resistance around the $0.0000140 mark.
Given the current setup, it may be prudent to consider selling below $0.00001405, as the downward trend toward the support levels could continue.
PEPE Faces Strong Resistance Amid Bearish Trend
PEPE is trading at $0.00000797, showing a modest gain of 0.13% in the past 24 hours. The 4-hour chart reveals that PEPE struggles to gain momentum, as it faces strong resistance at the $0.00000846 level. The pivot point, located at $0.00000828, also acts as a significant barrier, preventing substantial upward movement.
The technical indicators suggest a bearish outlook. The RSI is currently at 44.45, indicating weakening momentum and the potential for further downside. The 50-day EMA is positioned at $0.00000828, with the price finding it difficult to break above this level.
Given the current market conditions, it would be prudent to consider selling below $0.0000085, especially as the price continues to face trendline-driven resistance. If the bearish momentum persists, we could see further declines toward the next support levels at $0.00000766 and beyond.
Given the consolidation among these established coins like Dogecoin, Shiba Inu, and PEPE, let’s explore some emerging meme coins still in their presale stages that could be poised for explosive growth—particularly PlayDoge and Pepe Unchained.
Emerging Meme Coins to Watch
Pepe Unchained
Pepe Unchained (PEPU) is introducing a layer-2 blockchain on Ethereum. It aims to enhance the meme coin market by increasing transaction speed by 100 times and lowering fees.
The presale has already raised over $7.5 million. Tokens are priced at $0.0089461, allowing early investors to participate before potential price increases.
The project’s expanding social media presence includes nearly 10,000 Twitter followers and a 5,000-member Telegram community.
PlayDoge: Nostalgic P2E Gaming Meets Meme Culture
PlayDoge ($PLAY) is a play-to-earn (P2E) mobile game that brings the beloved Doge meme to life in a Tamagotchi-style environment. Players can nurture their digital Doge pet, engage in 2D retro games, and earn $PLAY tokens, blending nostalgia with modern cryptocurrency.
The presale has already raised over $6.06 million, with tokens currently priced at $0.00529. Early investors have limited time to participate before the next price increase.
PlayDoge is rapidly gaining traction with an expanding online presence, attracting a growing community of supporters eager to get involved.
The project is gaining attention on social media, with its Twitter account boasting nearly 10,000 followers and a growing Telegram community of over 13,500 members.
PlayDoge and Pepe Unchained have garnered significant attention from the crypto community, including the popular 99Bitcoin YouTube channel. Channel reviews highlight innovative approaches and strong community engagement with projects.
