The three giants of memecoins under pressure: analysis of the technical aspects and futures data for DOGE, Shiba Inu, and Pepe coin.

[Coin World] The gloom of November has not yet dissipated, and several major memecoins are facing a new round of tests. DOGE, Shiba Inu, and Pepe coin have recently been under pressure, and the overall market sentiment is relatively cold.

Interestingly, the signals coming from the futures market are somewhat mixed. The open interest for DOGE increased by 4.33%, reaching $1.38 billion; Shiba Inu also rose by 2.62%, reaching $8.051 million—this indicates that many still believe there will be a rebound opportunity. However, Pepe coin is different; its open interest actually dropped by 6.14%, now standing at $208.38 million, suggesting that holders lack confidence.

The pressure on the technical level is also quite evident. DOGE is now at risk of falling below $0.12986, and if it cannot hold this position, it may continue to seek a bottom. Shiba Inu has formed a descending wedge around $0.00000755, which usually indicates that there will be some oscillation in the short term. As for Pepe coin, if it continues to operate within the descending channel, it may test the support level of $0.00000341.

Let's see if these few coins can stabilize at key positions, otherwise this round of adjustment may continue for a while.