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Interest in Dogecoin 
$0.167451 (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) has waned, influenced by various market dynamics. The diminishing impact of Elon Musk on Dogecoin, the rise of new memecoin projects on Solana 
$118, and changing market conditions have pressured the prices of these coins. However, technical indicators suggest a possible recovery, particularly for DOGE and SHIB.
Declining Interest in Dogecoin and Shiba Inu
Dogecoin reached its zenith in November 2024 with the appointment of Elon Musk and Vivek Ramaswamy to the U.S. Department of State Efficiency. Contrary to boosting interest, this development has led to a decline. According to Santiment data, searches for DOGE coin peaked post-appointment, but the coin has struggled to maintain its price since then.
Shiba Inu recently saw its RSI indicator rise to 34.5, breaking out of the oversold region. The BBTrend also shows positive signals; however, EMAs remain negative, indicating that more buying pressure is needed for a decisive price direction.
What Lies Ahead for DOGE, SHIB Coin, and FLOKI Coin Prices?
DOGE is currently trading at $0.21. Staying below the 50-day Moving Average (SMA) indicates ongoing bearish pressure. However, with an RSI of 29, seller fatigue is evident; if DOGE coin surpasses $0.24, it could rise to $0.37 and $0.48.
Shiba coin has dropped to $0.000014. Technical indicators suggest that if it rises above $0.0000146, it could test levels of $0.000017 and $0.0000196. Currently, EMAs support a downward trend.
Floki Inu has also seen a 1.11% decline in the last 24 hours, trading at $0.00008142. FLOKI is hovering near the 50-day moving average, with the MACD indicating a potential bullish breakout. Support levels lie between $0.00007800 and $0.00008000; maintaining these could signal upward movement.
