Dogecoin, $SHIB , and $PEPE saw short-lived gains after a temporary easing in U.S.–Iran tensions, but the broader market tone is starting to turn cautious again.
The initial bounce followed a five-day pause announcement by Donald Trump, which briefly lifted sentiment across risk assets. However, the upside has been limited. #Bitcoin is struggling to hold momentum above $71,000, while Ethereum is showing signs of weakness near $2,100—both hinting at fading strength in the market.
$DOGE ’s move toward $0.094 lacks strong follow-through, with key support levels now under pressure. Shiba Inu’s recent spike, partly driven by token burns, is also losing steam as buying interest cools. Meanwhile, Pepe’s rise appears largely speculative, with increased trading activity not backed by clear fundamentals.
Overall, the market is showing early signs of a bearish shift. The rebound looks more like a relief rally than a sustained trend reversal. If Bitcoin fails to hold current levels, meme coins, being higher-risk assets, are likely to face sharper pullbacks as sentiment weakens and volatility picks up again.