The cryptocurrency market opened the week on a downbeat note, with Bitcoin slipping below the $77,000 mark and risk appetite fading across digital assets. This broader sell‑off has hit meme‑style tokens hard, leaving Dogecoin, Shiba Inu and the newly popular Pepe token vulnerable to continued declines.

Dogecoin led the pack of the top‑ten cryptocurrencies by market capitalization, tumbling 5% on Monday and extending a correction that began last week. After briefly testing the weekly resistance level around $0.119 last Thursday, sellers regained control and pushed the token below the $0.106 threshold. If the daily candle closes beneath the 100‑day exponential moving average (EMA) at that level, further pressure could drive DOGE toward the 50‑day EMA near $0.103 and potentially test the former breakout zone around $0.090.

Technical indicators reinforce the bearish outlook. The 4‑hour Relative Strength Index has slipped below the neutral 50 line to roughly 41, indicating growing downside momentum, while the Moving Average Convergence Divergence (MACD) posted a bearish crossover on Saturday that remains in effect. A short‑term rally is still possible if buyers can hold the 100‑day EMA support, which could open a path back toward the weekly resistance zone near $0.119.

Nevertheless, the fate of meme coins appears closely tied to Bitcoin’s trajectory. As long as the flagship cryptocurrency remains under pressure, the broader sentiment is likely to keep meme assets on the defensive, with Dogecoin poised to test lower support levels if the current trend persists.