The top three meme coins diverged again today. Once you look at their 90-day gains, it’s clear the leader has already changed hands.

First, let’s set the broader market backdrop: Bitcoin is trading at around $73,990, and the Crypto Fear & Greed Index is at 29, in fear territory. Of 201 major coins, 142 are down and only 59 are up. Meme coins haven’t escaped the downturn, but they’re falling in very different ways.

PEPE is trading at $0.00000495, down 6.95% over 24 hours—the steepest drop among the three today. But zoom out, and it’s the strongest performer: up 24.88% over 30 days and 86.99% over 90 days. Its 24-hour trading volume is $645 million, higher even than Dogecoin’s $480 million. First, watch the intraday low of $0.00000493 for support. If that fails, the November 8 low of $0.00000478 is next. For a rebound to be in play, it needs to reclaim the opening price of $0.00000532, then the intraday high of $0.00000562.

Dogecoin (DOGE) is trading at $0.06806, down 1.97% over 24 hours, with an intraday range of $0.06659–$0.06991. It’s down 21.85% over 30 days, 3.22% over 90 days, and 10% over 7 days. The key $0.07 level has been lost, so the short-term bulls and bears are watching to see if it can be reclaimed. If the intraday low of $0.06659 holds, there’s still room for a recovery; if it breaks, look toward the $0.065 area.

Shiba Inu (SHIB) is trading at $0.00000445, essentially flat over 24 hours, with an intraday range of $0.00000431–$0.00000450. It’s down 2.42% over 5 days, 19.45% over 30 days, and 40.62% year to date. Daily support is at $0.000004265, not far from its June 24 year-to-date low of $0.00000405. First, watch the intraday high of $0.00000450 as resistance. It would need to rise above $0.000004785 to break out of its daily downtrend.

Here’s the straightforward take: meme coins have never been a single unified sector, and ranking them by market cap is a false premise. PEPE is up 87% over 90 days, with both capital and trading volume flowing into it. Dogecoin has lost $0.07, while Shiba Inu is grinding near its year-to-date low. Their story is still one of waiting for the wind to pick up. Chasing meme coins in a broad sell-off means betting on volatility, not fundamentals—and PEPE’s 90-day annualized volatility is 106%, far above Dogecoin’s 68%. Your position size needs to be lighter than usual.

Tap $DOGE $PEPE $SHIB to view the market. Remember these three levels: $0.07, $0.00000493, and $0.000004265. If you could hold only one meme coin overnight, would you choose PEPE, up 87% over 90 days, or Shiba Inu, hovering near its year-to-date low?