Dogecoin (DOGE)
Dogecoin opens November’s second trading day on the defensive, sitting in the high-$0.16s after a steady bleed from the late-October range. Today’s daily table shows a print near 0.167 with an intraday open around 0.169; that marks another session where rallies are sold quickly and support steps lower, consistent with the broader risk-off rotation across altcoins. The texture of trading has changed from the impulsive swings of October to a grind: narrower candles, fading volume, and a relative strength profile that meanders just below neutral. Price now trades well under the mid-$0.20s congestion that defined Q3, and the market is treating $0.17–$0.18 as resistance on first test rather than a springboard, a sign of supply sitting overhead.
The $0.16–$0.17 pocket matters because it’s where DOGE last found demand during June’s consolidation; revisiting it with softer breadth raises the risk of a deeper drift toward $0.15 if Bitcoin remains range-bound and meme risk stays out of favor. That said, DOGE’s market microstructure is still superior to its peers: spreads remain tight, open interest is sticky on the larger venues, and depth on top books prevents disorderly gaps. In past cycles that combination has acted like a shock absorber; when capital rotates back into the meme complex, Dogecoin is usually first to stabilize and last to break. The question for the rest of this week is whether buyers defend the mid-$0.16 handle long enough to force a mean-reversion toward $0.18–$0.19, or whether sellers push for a full retest of the summer floor near $0.15. As long as the daily closes stay above the latter, the path of least resistance is choppy sideways rather than trend acceleration lower.
Momentum remains indecisive. On most standard daily looks, RSI hovers in the mid-40s, MACD is flat to slightly negative, and short moving averages have rolled beneath the longer ones but without the angle of attack you see in trending declines. That often precedes “compression-then-expansion” moves; the direction typically follows the next macro impulse. For DOGE, that impulse is rarely a code release or roadmap milestone; it is beta to crypto-wide liquidity and, episodically, to cultural sparks around the brand. Without either, the coin behaves like a high-beta large cap: it drifts with the tide and respects clean horizontal levels.
Structurally, the market continues to reward patience around visible bands. Immediate support sits in the 0.160–0.165 shelf with secondary support closer to 0.150. Overhead, 0.178–0.185 is the first supply block, and 0.200 remains the line where sentiment changes tone from “defensive bounce” to “repair in progress.” A decisive daily close back above 0.20 would neutralize October’s breakdown and invite momentum flows; a daily close under 0.15 would confirm a lower-low sequence and risk drawing capital out of the meme sleeve altogether until year-end.
All in, Dogecoin’s November 4 posture is resilient but uninspired: cheaper than October, liquid enough to trade cleanly, and waiting for the next story to matter. If BTC volatility wakes up or broader risk turns, DOGE has room to mean-revert toward the high-$0.18s; if not, expect more patient range work around today’s prints.
Shiba Inu (SHIB)
Having failed to turn last week’s rebound into a long-term trend, Shiba Inu is trading heavily on Tuesday and is reverting to the low-nine-handle in US dollars. In early trading, spot quotations tend to group together right below the 0.0000093 mark, which has a tendency to draw attention once the meme complex’s fervor wanes. The tape is orderly and liquidity is sufficient, but the flows are defensive in nature, with rallies being sold into before the price can hit the mid-0.000010s that limited October’s attempts. With the market once more examining the lower third of that corridor, this reset puts SHIB back inside the wide two-year horizontal that has held almost all of its post-2023 price activity.
The structure is neat and unimpressive from a technical standpoint. Well-watched shelves are still respected by the daily chart: 0.0000090–0.0000092 as the initial support, followed by 0.0000086–0.0000088 as the deeper demand zone that stopped multiple drawdowns this year. Overhead, the near-term supply block between 0.0000108 and 0.0000116 is still where unsuccessful breakouts in September and early October left their imprint and where late buyers have been caught multiple times. There is minimal divergence to promote instant directional conviction, moving averages are flat to fractionally negative, and the majority of standard daily RSIs hover just below neutral, indicating mediocre momentum. Price tends to follow horizontal levels in ranges like these until a macro impulse compels expansion.
SHIB continues to blur the boundaries between ecology and meme in terms of narrative. Although the tempo of headline catalysts has decreased and the market is now requiring proof-points in usage and throughput rather than promises, the Shibarium push and sporadic burn campaigns have helped maintain a sizable, devoted holder base. While waiting for on-chain metrics to pick up speed again, the bid is becoming more selective and shifting toward cleaner, shorter-horizon setups. This does not necessarily mean that the tale is over. SHIB functions as a range instrument in the interim, making it appealing for mean-reversion trades inside the box but more difficult to defend for momentum until it can recover and hold above the mid-0.000010s.
The script is simple for the remainder of the week. The path of least resistance is another grind back toward 0.000010–0.000011, where supply has been waiting, if buyers defend the low-nine-handle on daily closes. A clear break and acceptance below 0.0000088 would confirm a lower-low sequence inside the big range and invite a more thorough test of the 0.0000080s. Regaining and maintaining above 0.0000116, on the other hand, would ultimately change the short-term tone from “repair” to “recovery” and create space for the upper part of the two-year corridor. SHIB is still a patient trader’s market until one of those edges gives; it is characterized by horizontals, controlled by liquidity, and awaits a project-specific or macro trigger to determine the next leg.
Pepe (PEPE)
This week, as liquidity wanes and intraday fluctuations in percentage terms continue to be strong, Pepe is trading like a coiled spring, compressing inside the same narrow pattern that has dominated the majority of October. The structure has not changed much: any push into the high 1.2e-5s is promptly met by supply, and buyers are still defending the lower band just above the 1.10e-5 level in dollar terms. Two things about the current market phase can be inferred from that balance. First, there is not enough panic to break support on routine probes because weak hands have mostly cycled out. Second, the new energy required to push prices through the overhead shelf where late October purchasers were stuck has not been found yet. PEPE will continue to function as a mean-reversion vehicle inside a well-lit enclosure until one of those changes occurs.
The tape’s character is consistent with a market waiting for permission to move. Volumes are respectable but not energised; funding and open interest oscillate without trend; momentum studies on the daily chart sit near neutral and refuse to tip their hand. In practice, that creates a market that rewards patience at the edges and punishes chasing in the middle. Traders who have respected the horizontal map bidding near the bottom of the channel and trimming into the top have done better than those anticipating a breakout that hasn’t arrived. That doesn’t last forever. Extended compressions typically resolve with a directional expansion, and the longer PEPE stays bottled up, the more emphatic the next move tends to be.
A narrative spark, rather than a roadmap milestone, will determine the course. Pepe’s motor is memetic energy, as opposed to Dogecoin or Shiba Inu, which can rely on durability or an ecosystem arc. A high-profile mention, a planned community push, or a viral article can all bring the token back into the spotlight. It is reflexive as a result. Price increases when attention increases; price increases when attention increases. PEPE floats in quiet markets because that loop cannot begin. It accelerates rapidly in noisy ones since there is not a fundamental anchor to slow it down. That is its advantage as well as its risk.
The levels are straightforward and significant technically. If the sideways-to-higher argument is to be credible, the lower band in the low 1.1e-5s must hold on closing basis. If it does not, a lower-low sequence would be confirmed, and a sweep into the high 1.0e-5s, where liquidity is patchier and slippage risk increases, would be encouraged. The 1.28e-5 to 1.30e-5 zone is the gatekeeper on the topside. Last month, it capped three different pushes. It would indicate that supply has finally been absorbed and create space into the mid-1.3e-5s and, if momentum holds, the high 1.3e-5s if there was a clean daily finish above and acceptance, which means pullbacks find bids above the breakout level. In that case, keep an eye out for the traditional PEPE pattern, which consists of a quick vertical burst followed by a quick dispute between late longs and profit-takers that decides if the move holds.
Here, positioning is the subtle clue. Liquidation prints have been mild throughout the most recent dips into support, and responsive offers have surfaced without necessitating significant discounts. This implies that constructive hands are still eager to gain the upper hand. However, every resistance test has resulted in quick selling, suggesting that there is still an abundance of inventory above the range. A shift in the way the market handles those edges either supports cease bouncing the price or resistance stops rejecting it usually signals the beginning of the shift from this stalemate to a trend.
Until a catalyst shows up, the base case for the rest of the week is continuity: range tactics. The risk scenario is a complacency break, in which a swift air-pocket downward is triggered by a routine probe beneath support that finds no quick offers. In the opposite scenario, the market, conditioned by weeks of chop chases, stops believing in a move when a spark of interest drives PEPE through the ceiling. Risk management is more important than prediction because both tails are believable. Respect the horizontals, define your invalidation at the edges, and let the tape determine the winner.
MemeCore (M)
MemeCore has resumed its strategy of quietly absorbing pressure, trading within a small, well-behaved corridor, and allowing other meme assets to burn off excess volatility. This is what it has been doing for the majority of the past month. With buyers coming up on dives into the low twos and supply resurfacing on approaches to the mid-twos, the market is still showing respect for the two shelves that have been important since late September. Although it is not glamorous, it is healthy; ranges that endure this long typically establish the kind of positioning that will enable a significant increase when the time comes.
The project’s endeavor to professionalize meme financing continues to be its defining characteristic. That story is increasingly reflected in price movement. The way dips are handled demonstrates this: methodical bids that keep candles short and wicks tidy, rather than frantic scrambles. MemeCore typically wobbles less when the broader meme sleeve wobbles, and M is typically among the first to firm when attention rotates back in. This is also seen in the cadence of intraday rotations. Instead of chasing headlines, that pattern is characteristic of assets where a core cohort is reducing into strength and adding on weakness.
The map is simple from a technical point of view. Just above the round two-dollar handle, which has drawn receptive buyers on each test since the September high cooled, is the first support. A little lower, where the last impulsive leg started, is a deeper demand patch. The mid-twos are the turning point above. You would anticipate the initial wave of profit-taking to resume where momentum paused on the previous two pushes. The market’s signal that absorption is complete and that the road to the late-September highs is open would be a daily closing through that area, followed by brief pullbacks that remain above it. The range is the trade until then.
When it comes to base-building, you want momentum to read neutral. The volume is steady rather than loud, short moving averages are tightly wrapped around the price, and standard daily oscillators float on either side of fifty. Seldom does that setup end happily. More potential energy builds up for the next move the longer the price compresses and the more inventory passes hands inside the box. Two factors outside the chart will determine the course: whether cryptocurrency liquidity improves by the middle of the month and whether MemeCore can secure a concrete proof-point that moves the “Proof of Meme” narrative from marketing to mechanics.
Structure is your friend in the interim. Keep risk low in the center, where the tape is meant to frustrate, fade the upper edge until it is accepted, and respect the lower edge until it breaks. Do not overthink the initial continuation if the market provides you a clear break; when they do, compressed markets reward the straightforward move.
Pudgy Penguins (PENGU)
Pudgy Penguins is still trading like a stock with a cryptocurrency wrapper. For weeks, the price has remained trapped in a patient band, with selling stepping up as soon as the price veers into the high-twos and purchasers consistently showing up on every drift into the mid-two-cent zone. That beat reveals as much about the token’s owner as it does about the chart. Longer-horizon holders, who are interested in the brand arc as much as the ticker, are at the center of gravity, while speculators take their chances at the fringes.
At this point in the cycle, what is noteworthy about PENGU is how ordinary the volatility has become. Pudgy’s tape is increasingly linked to an off-chain operating story, such as merchandising runs, licensing beats, new retail placements, and the halo that victories produce for the larger IP, even though the majority of meme assets still depend on social cycles to survive. This is by no means to imply that the token is impervious to market sentiment, but it does help to explain why the troughs are less severe and the rebounds less frantic. A community that closely monitors partnerships and store shelves in addition to price typically offers a more resilient bid.
The levels are clear on the chart. Every recent selloff has paused and reversed in the first demand zone, which is located just over a quarter of a dollar. The market will probably look for the next pocket of resting bids a few ticks lower where August’s rise really caught if it loses and accepts below that shelf. The round three-cent handle is the line that counts on the topside. For a month, it has reversed every attempt, leaving a tidy sequence of equal-highs that will either serve as the hinge for the subsequent leg higher or cap the range for a while longer. The ceiling would become a floor and the brand-momentum crowd would be allowed to increase exposure if there was a clear daily close through that number, followed by pullbacks that bottomed above it.
MemeCore’s message is balanced, much as Momentum’s. The gap between intraday highs and lows has shrunk, moving averages have flattened, and daily RSIs are centered around the midway. As long as participation is honest, that compression is beneficial; shallow ranges supported by consistent volume indicate that inventory is shifting from impatient to patient hands. When a spark eventually strikes, the more asymmetry you generate the longer that goes on. That catalyst for PENGU frequently originates from sources outside of the typical cryptocurrency calendar. In this case, a product launch, a high-profile partnership, or some media attention may be more significant than Bitcoin’s Tuesday performance.
From a tactical standpoint, this entails treating PENGU with the same deference that you would a consumer brand in a slump. Allow it to reach your levels instead of chasing it in the center of the range. Assume that the character has changed and lean into the first clean downturn while the market rebalances if it breaches the top and holds. Instead of guessing, move aside and let it discover the next genuine bid if it loses the base by a significant margin. Most importantly, keep in mind that this one is unique because it has a second engine. The brand engine can idle the token through calm weather until attention returns, even if the crypto engine sputters.