Memecoins Show Diverging Strength During Consolidation Phase
The broader memecoin market has seen limited movement lately, especially when compared to other altcoins. However, within this stagnant trend, a subtle divergence is beginning to emerge between two major players: Shiba Inu (SHIB) and PEPE.
While both tokens have been consolidating in a similar ascending triangle pattern, SHIB appears to have outperformed PEPE over the past week. According to recent data, SHIB limited its weekly losses to just 0.3%, whereas PEPE declined by approximately 3.7%.
SHIB Builds Momentum Near Triangle Resistance
Shiba Inu’s daily chart shows a consistent consolidation within an ascending triangle since late June. Recently, the token bounced off a crucial demand zone at $0.00001183, suggesting growing bullish momentum.
Analysts observe that SHIB is “accumulating significant bullish momentum,” potentially signaling an imminent breakout as the price edges closer to the triangle resistance. If the breakout materializes, it could indicate the beginning of a new upward trend—though traders should monitor key levels carefully.
PEPE Trails Behind Despite Active Buying
PEPE’s structure also mirrors an ascending triangle pattern, and the price rebounded from the $0.000009140 zone. However, its momentum appears weaker compared to SHIB.
One potential reason for this slower pace could be the heightened activity in PEPE’s Futures market. Interestingly, 90-day cumulative volume delta data shows that buyers still dominate the market. As one analyst put it, “The impulse from retail dominance in PEPE’s market pales in comparison to that of SHIB’s whales.”
PEPE’s trajectory may shift if whales begin to follow retail sentiment more aggressively in the near term.
Both SHIB and PEPE are nearing crucial resistance zones that could determine their short-term direction. SHIB’s momentum is currently supported by whale accumulation, while PEPE relies more on retail participation. As both tokens press against technical barriers, a breakout—or lack thereof—could soon reveal which memecoin leads the next move.
