DOGE, PI & Crypto – European Wrap 2 December
Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), are facing intense selling pressure as the broader cryptocurrency market sentiment shifts bearish. Dogecoin, Shiba Inu, and Pepe log a bearish start to December, extending November’s correction, while the technical outlook warns of further decline.
Pi Network (PI) ticks higher by 2% at press time on Tuesday, after a steady decline over four consecutive days, marking a downcycle within a larger consolidation range. However, a persistent demand from large-wallet investors, popularly known as whales, flags the range as a potential accumulation zone, suggesting an upside breakout.
The crypto market is walking on thin ice, stabilising at levels just below $3T…
