The top memecoin price movements remained uncertain after the United States rejected Iran’s latest peace proposal before crucial diplomatic discussions.
The geopolitical landscape was a key area of focus for investors, with continued unrest between Washington and Tehran dominating financial markets globally.
Bitcoin price hovered above $77,000 with some stability in the overall cryptocurrency market in volatile trading conditions. Meanwhile, traders watched the meme space for any short term rejections in DOGE, SHIB, PEPE, and PUMP.
Memecoin Price Outlook After US Rejects Iran Proposal
The overall market cap of cryptocurrencies rose by 0.51% to nearly $2.57 trillion in the latest trading session across the globe.
The meme coin market, however, fell by 0.8%, bringing the sector’s total value to approximately $36.1 billion. Donald Trump recently stated in public remarks that the truce was “on life support. Further negotiations will be based on Iran’s requirements for sanctions relief and guarantees concerning the Strait of Hormuz.
Iran has rejected the new US framework that demands delivery of 400kg of enriched uranium to the US, reduction of Iran’s number of nuclear facilities to one and the return of 25% of Iran’s frozen assets, reported Tasnim.
BREAKING: Iran rejects the new US framework that conditions ending the war on Iran delivering 400kg of enriched uranium to the US, limiting Iran to one nuclear facility, and withholding 25% of Iran’s frozen assets, per Tasnim.
Iran demands full return of frozen funds, US war…
— The Hormuz Letter (@HormuzLetter) May 18, 2026
Dogecoin Price Holds Key Support as Bullish Pennant Signals Possible Rebound
Dogecoin price declined around 0.6% over the last 24 hours, reaching the $0.104 level. A bullish pennant is still visible on the monthly chart, despite the recent decline. This is a consolidation from a big price surge, and could be a sign of a surge coming in the near future.
Traders are watching closely for a new buying initiative in the $0.1030 support area.If future Dogecoin outlook manages to clear that level, it may continue to trade towards the $0.110 and $0.112 resistance area.
$Doge/monthly
Zoom out when in doubt.
We’re still in a Bullish Pennant on the higher time frame chart. pic.twitter.com/hJO20KY5YV
— Trader Tardigrade 🧬 (@TATrader_Alan) May 18, 2026
Meanwhile, the weakness below the support can add to downside pressure for broader markets. A daily close below $0.103 could trigger losses to $0.090. Meanwhile, trading volume surged 124%, reaching $1.7 billion.
Will SHIB Price Rebound After Failing Near Key Resistance?
SHIB price rebounded marginally from the recent selling pressure in the meme coin market to settle at $0.00000575.
After the meme coin price broke below the $0.00000600 resistance level during the recent trading sessions, the market activity weakened.
The RSI stayed below the neutral zone, indicating low buying pressure at this moment. If buyers regain control, SHIB could target $0.00000600 and $0.00000620 next. But if dropped $0.00000550 support, soon it will head back to the $0.00000530 area.
Is PEPE Price Preparing for a Short-Term Recovery?
PEPE price traded at $0.00000369 with a slight surge of 1.7% over the past 24-hours.
The token is still failing to breach the critical level of $0.00000400, which is exerting bearish pressure on the short-term sentiment.
The MACD indicator remains in a bearish fashion, which suggests that there is not much strength in the market for the upside movement now at lower time frames.
If momentum continues to improve, the Memecoin price may come back to test the $0.00000380 level before attempting to break the resistance at $0.00000400 once more. However, failure to hold support may push prices lower toward the $0.00000340 zone soon.
Pump.fun Price Holds Key Support as Bulls Target $0.0018 Recovery
Pump.fun price surged 1.25% in the last 24 hours to $0.00171, as market sentiment remained subdued. The $0.0016 support is being closely monitored for further price stability.
If it stays above that level, it will be able to maintain another push toward the $0.0018 resistance level in the near future.
But if there is a breakdown, it could drag prices back to the recent seven-day low. The volume of trade decreased by 5.46% to $99.64 million, while the level of open interest fell slightly to $123.71 million.
