Trump's Meme Coin Conference Sparks Volatility Concerns for DOGE, SHIB, and PEPE

Meme coins are facing renewed uncertainty as bearish market conditions collide with a growing political controversy. Several U.S. Senators, including Elizabeth Warren, Adam Schiff, and Richard Blumenthal, have launched a congressional investigation into President Trump's planned meme coin holders' conference at Mar-a-Lago, raising fresh questions about market manipulation and conflicts of interest. Lawmakers argue the event encourages TRUMP token purchases that generate transaction fees benefiting the president and his family, a claim that has already triggered slight price movement in the TRUMP meme coin since the announcement.

For Dogecoin, the outlook is mixed. Spot ETF inflows recently climbed to their highest point in four months, signaling a demand surge among institutional participants. Despite this, the Relative Strength Index sits near 50, indicating indecision between bulls and bears. A promising bullish crossover between the 50-day and 100-day simple moving averages could push DOGE toward the $0.0943 resistance zone and potentially $0.10, though a failure to sustain momentum might see prices retreat to $0.088.

Shiba Inu is also at a technical crossroads. Although its burn rate has slumped to multi-month lows, a symmetrical triangle pattern on the daily chart hints at a possible breakout. The Chaikin Money Flow indicator shows buying pressure gradually overtaking sellers, with a bullish target of $0.00000743 if the breakout confirms.

PEPE coin continues to trade near record lows at approximately $0.00000354, despite a recently filed spot PEPE ETF application by Canary Capital. A falling wedge pattern suggests a potential reversal if prices clear the $0.00000375 resistance level, which could open the door to $0.00000725. However, with the RSI hovering just above 51 and buying pressure still weak, any sustained recovery depends heavily on renewed investor interest entering the market.