Major meme cryptocurrencies, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), experienced a sharp pullback on Tuesday after a brief rally fueled by easing geopolitical tensions. The rally was triggered by a five-day pause in U.S. strikes against Iran, announced by President Donald Trump, which temporarily reduced investor anxiety and boosted risk appetite across speculative assets.
The broader digital asset market capitalization rose 0.74% to $2.43 trillion, with Bitcoin holding above $71,000 and Ethereum firm above $2,100. The meme coin sector specifically saw its total valuation reach approximately $33.4 billion, up about 2% during the peak of the rally, before selling pressure emerged.
Dogecoin led the initial advance, climbing 4.74% to $0.0942 during the session, supported by increased trading activity and signs of whale accumulation. However, it subsequently faced renewed selling pressure, trading around $0.09324 at the time of writing, down 2.25% over 24 hours. Analysts are watching the $0.092 level as immediate support. A break above the $0.0955 resistance, combined with broader market strength, could open a path toward the $0.10–$0.15 range. Technical analysts note a potential inverse head and shoulders pattern forming, which could signal a medium-term trend reversal if confirmed.
Shiba Inu gained 6.32% at its peak, trading at $0.00000615. A sharp increase in its token burn rate reduced circulating supply and added buying pressure, helping it hold above the critical $0.000006 support level. At the time of writing, SHIB traded around $0.00000613, up a modest 0.10% over 24 hours. A hold above $0.00000596 could allow a test of $0.00000650.
Pepe Coin advanced 4.74% to $0.00000344, with trading volume surging 93% to $454.59 million, indicating strong buyer participation. It later stabilized around $0.00000349, down 0.59% over 24 hours.
Analysts caution that without sustained macroeconomic support, the rally may struggle to hold. The current cooling in the meme coin sector reflects natural profit-taking following the relief in international tensions, leaving investors waiting for clearer directional signals from Bitcoin to resume a bullish path.
