Best Memecoins to Watch Today, June 17 – Dogecoin, PEPE, Shiba Inu

Highlights:

• Dogecoin’s $0.118 resistance remains the key test after its Wyckoff recovery setup.
• PEPE is testing its descending channel, with momentum building near breakout territory. 
• Shiba Inu whales are moving billions off exchanges, easing near-term selling pressure. 

Crypto prices are retreating ahead of the Federal Reserve’s June 17 policy decision. The Fed is widely expected to keep rates unchanged at the FOMC meeting, but markets are focused on Kevin Warsh’s first dot plot and policy guidance. As a result, the overall market cap and trading volume have dropped to $2.23 trillion and $70 billion, respectively.

Meanwhile, the memecoin sector has seen a minor shift as its market cap surged by more than 2% to $30 billion despite the trading volume declining to $2.50 billion. Amidst these mixed signals in the meme sector, let’s discuss the best memecoins to watch today, such as Dogecoin, PEPE, and Shiba Inu.

Best Memecoins to Watch Today

1. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is down by over 2% over the last 24 hours. The price has dropped to $0.08572, elevating the monthly loss to 17%. Moreover, its market cap and trading volume have declined to $13.3 billion and $557 million, respectively.

Crypto analyst Trader Tardigrade has noted that Dogecoin displays a Wyckoff accumulation structure on the daily chart. In the setup, Phases A through C are all done after the spring near $0.078. The key base support is still around $0.087 to $0.089, while Phase D is now about recovery.

$Doge/daily#Dogecoin has completed the Spring — and we're now entering Phase D.

Wyckoff Accumulation is textbook:

Phase A: Preliminary Support → Selling Climax → Automatic Rally ✅
Phase B: Building the cause ✅
Phase C: Spring completed ✅
Phase D: Claiming back resistance… https://t.co/NCMnM6iFZy pic.twitter.com/W2rTINSymJ

— Trader Tardigrade 🧬 (@TATrader_Alan) June 16, 2026

The chart places resistance near $0.118 to $0.120, where Dogecoin must confirm strength. A move above that zone could form an SOS, followed by higher LPS levels near $0.105 and $0.111. If price holds those retests, the projected path targets $0.145-$0.150 during Phase E. However, failure to reclaim resistance would weaken the short-term structure.

2. PEPE

The frog-themed memecoin PEPE is trading at around $0.000002936, down 1.50% over the past 24 hours. The memecoin has surged by more than 7% on the weekly chart, despite recording a decline of 18% on the monthly chart.

PEPE is on the verge of breaking out of the descending channel pattern that has held since mid-May. Since bouncing from the support around $0.00000255 on June 6, the green candlesticks have been forming steadily, signaling a bullish trend. The bulls are now testing the upper trendline of the pattern, indicating an imminent breakout.

Should the current trend hold, PEPE could break out and test the first resistance at the $0.00000352 region. A successful break above this mark could lead to a reclaim of the key resistance around $0.00000450. In addition, indicators such as the Relative Strength Index and Moving Average Convergence Divergence support this imminent breakout. 

3. Shiba Inu (SHIB)

Shiba Inu is trading at around $0.000004929, down 1.30% over the past 24 hours amid the broader market downturn. The memecoin surged by more than 7% over the last 7 days, facing a stiff rejection at the $0.000005200 region. Its market cap and trading volume stand around $2.9 billion and $53 million, respectively.

Shiba Inu whales held firm as SHIB gained 7% between June 10 and June 16. Arkham data shows large holders moving 40-50 billion SHIB from exchanges to private wallets. That shift reduced exchange supply and limited immediate selling pressure during the rally.

Meanwhile, TradingView data placed SHIB near $0.00000503 after its June 11 bottom. Volume data showed strong activity around $0.00000501, giving SHIB a key support area. For traders looking for the best memecoins to watch today, SHIB emerges among them since the market’s biggest players usually anticipate a much larger macro move rather than settling for quick, short-term rewards.