Market Data 
Meme coins, known for their community-driven hype and viral momentum, are facing stiff resistance this May. After the exciting surges in April, popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), Official Trump (TRUMP), Pepe (PEPE), and Floki (FLOKI) are struggling to hold any sort of momentum.
This meme coin price prediction analysis looks at the key levels for May, noting that while long-term community belief remains, short-term technicals suggest caution.
DOGE Price Prediction May: Resistance Holds Firm
Dogecoin is currently priced at $0.1716, showing a 1.89% decline over the last 24 hours. While it had surged toward $0.1742 earlier, it failed to break through. Sellers continue to defend the $0.1735–$0.1740 resistance zone, while buyers attempt to protect the $0.1690–$0.1695 support. ‘
Source: CoinMarketCap
Interestingly, DOGE price action saw a 21% increase in trading volume, hinting at speculative moves. Still, the overall trend remains bearish, with key levels being retested frequently.
SHIB Price Prediction May: Tight Range Persists
Shiba Inu continues to trade under pressure, with the SHIB price today at 0.00001270. The token dipped by 2.23% in the past day. The $0.00001300 resistance remains firm, and repeated rejections suggest weakening bullish momentum.
Source: CoinMarketCap
However, the $0.00001260 support has held strong so far. With SHIB’s circulating supply nearly maxed out, inflation is not a concern. The 24-hour volume remains stable, but a breakout seems necessary for any meaningful upward move.
$TRUMP Price Prediction May: Volume Fades Below Resistance
The Official Trump token stands at $11.05 after dropping 1.21%. TRUMP price action was volatile was volatile during the day but lacked clear direction.
Source: CoinMarketCap
The resistance near $11.30 acted as a clear ceiling, while the $10.88 level held firm on the downside. Notably, trading volume dropped over 51%, pointing to fading trader interest. This spiralling volume could mean the TRUMP price is pausing before its next larger move.
PEPE Price Prediction May: Profit-Taking Hits Rally
PEPE hit a peak of $0.00008300 before pulling back sharply to $0.000058096. The token lost 1.64% over 24 hours.
Source: CoinMarketCap
Early strength gave way to quick profit-taking. For the PEPE price today, support near $0.00007900 is the level to watch to prevent further losses. Trading volume dipped slightly, meaning buyers need to step back in soon to halt the decline.
FLOKI Price Prediction May: Choppy Action Near Support
FLOKI is trading at $0.00007511 with a 1.98% drop. The token saw choppy FLOKI price action with repeated pullbacks after an initial rally attempt failed at the $0.00007700 resistance level.
Source: CoinMarketCap
Support near $0.00007400 has held up well. Volume did increase by 9.54%, showing some renewed interest, but likely not enough yet to power a decisive breakout for the FLOKI price.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
