Pepe (PEPE), the frog-themed meme coin, has dropped by 8.23% in the last seven days as prices threaten to breach the $0.000010 support level again. The downward movement has brought the meme coin less than 50 cents away from slipping below this level and adding another zero to its price.

PEPE’s price slips toward critical support level

According to CoinMarketCap data, Pepe is currently exchanging at $0.00001036, which means further volatility could push it over the edge. In the last 24 hours, Pepe’s price outlook has not been impressive. The highest peak it has hit in the course of trading is pegged at $0.00001037.

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The poor price outlook has caused a drop in trading volume within the same time frame. Volume is in the red zone by a significant 21.47% at $502.69 million. The dip is likely due to a 43% decline in large holders’ dominance.

According to available data, the dominance of PEPE whales has not dropped to this level since December 2023. This implies that retail traders are left to drive price action.

Amid these low levels, a whale has bought nearly three trillion PEPE worth about $28.8 million within the last 48 hours. Whether this could spark institutional interest remains to be seen on the market. However, this forms a catch that can help shift the price outlook.

Can PEPE avoid adding another zero?

Notably, if other ecosystem whales engage in aggressive accumulation, it might trigger a reversal. 

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The price level of the meme coin is a good buying point for long-term investors looking to accumulate the asset. Although the meme coin is witnessing a bearish momentum currently, a massive buy could support a rebound move.

PEPE bulls need to step in and halt the sell-off before it slips and add another zero. A slip might prove more difficult to emerge from than defending the $0.000010 support level. Meanwhile, if the crypto market stabilizes, it might help PEPE stay afloat.

The most recent price action for Shiba Inu has drastically declined. Following what appeared to be a textbook recovery, SHIB was brutally denied at the resistance level of $0.0000125 ,which was previously recognized as a critical short-term breakout point. The asset’s vulnerability in current market conditions was revealed by the rejection at this level, which also erased days of cautious gains. 

What could have been a bullish reversal on the daily chart was completely destroyed by the rejection, which occurred almost exactly at the 50 EMA. SHIB is currently trading at about $0.0000121, down almost 3% for the day, and the market momentum has all but vanished. SHIB had just broken above its local support at $0.0000118, attempted to retest important EMAs from below and even displayed indications of growing buying pressure — which makes the technical setup leading up to this breakdown particularly harmful. 

The failure was confirmed when the volume collapsed again, indicating that the pressure was insufficient to overcome the layered resistance. Range-bound consolidation between $0.0000114 and $0.0000122 is the most likely short-term result. The RSI has fallen to 45, suggesting that there is neither overbought pressure nor significant strength supporting buyers at the moment. 

The $0.0000105 zone, which was the starting point for the most recent significant move, might be the next stop if SHIB is unable to hold the $0.0000114 support line. Conversely SHIB needs a clear break above $0.0000126 —preferably with volume — in order to regain any upward credibility. 

Ethereum falls

Ethereum’s recent decline from the $3,700 mark is certainly unexpected, but the situation is not as dire as it might seem. Following a spectacular rally that saw ETH rise more than 35% in a few weeks, the asset encountered resistance just below the $3,700 mark. Today’s candle shows another decline down more than 2% with the price currently trading close to $3,640. The rejection formed a short-term descending trendline.

From a technical standpoint, this is certainly a correction. Luckily, there is not any actual bearish volume to support it. Throughout this retracement, volume has been continuously dropping, and the red candle that is forming today is a result of low participation. This is crucial because volume spikes — which are usually present during strong bearish reversals — are not occurring at this time. 

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Additionally, ETH is cooling off without entering oversold territory, indicating that the selling pressure is weak, as indicated by the RSI remaining above 57. This decline appears to be a healthy cooldown rather than a trend reversal due to the shallow volume profile. The price of ETH may rise rapidly if buyers intervene close to the 20 EMA, which is approximately $3,600, particularly if the overall state of the market stabilizes. 

The subsequent push could easily bring ETH back to retest $3,700, this time with momentum, if it is able to break the descending resistance line. The 50 and 100 EMAs are located at the $3,300 and $3,100 levels, respectively, and should the 20 EMA fail as support, attention will turn there.

Dogecoin gets ready

There is no doubt that a break below $0.20 is imminent based on the price action of Dogecoin. DOGE has been steadily declining since reaching a high of about $0.29 in mid-July. The 50 EMA and 200 EMA clustered together at about $0.213, the most recent rejection creating a confluence of resistance that DOGE was unable to overcome. 

The market’s reluctance to support DOGE at these higher levels is confirmed by today’s 3% decline. This is evident on the chart: declining volume, lower highs and a waning RSI momentum (now at 51) all suggest that DOGE is struggling. Not just technical noise, a decline below $0.20 would indicate the breakdown of a short-term support level and turn the psychological round number into resistance.

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The next support is at $0.19 (100 EMA), and a stronger demand zone will be near $0.175 if DOGE drops $0.20 decisively. A move into that area seems very likely given the bounce attempt’s lack of volume commitment.

Waiting for a confirmed base to form before reentering the market is preferable if DOGE loses $0.20 and closes below it on the daily chart. Before acting, traders should wait for confirmation from the RSI dropping into oversold territory with a bounce or reversal candle. This market structure lacks the hype that DOGE has demonstrated can cause it to blow up. Expecting a continuous bleed is the more realistic course of action until sentiment changes or volume spikes in support.

Tesla (TSLA 8.19%) and its CEO Elon Musk recently achieved a big milestone — they launched the company’s first self-driving robotaxis for paying customers in Austin, Texas. It’s an initiative that Musk first discussed in 2016. While it looks more like a soft launch, it’s still a big step for Tesla, which plans to launch a fully autonomous robotaxi fleet. Many investors think that could be a massive new business for the company that will justify Tesla’s monster valuation.

Still, Tesla has a lot going on right now. Remember, the company’s core business is still electric vehicles (EVs), and that business is facing a critical event in just a few weeks’ time.

Q2 EV Deliveries to soon be announced

Tesla is expected to announce its second-quarter EV delivery figures in the first week of July. As many investors likely recall, first-quarter deliveries came in at roughly 337,000, its lowest quarterly number in over two years. Many investors have been concerned that Musk’s close ties to President Donald Trump and his period of leading Trump’s Department of Government Efficiency (DOGE) have alienated a significant portion of Tesla’s potential customer base.

Image source: Getty Images.

While Musk has stepped down from his work with DOGE to refocus on his businesses, data thus far on Tesla’s sales in the second quarter has been less than encouraging. Monthly sales data from Europe showed that Tesla’s sales once again faltered in April in countries including the United Kingdom, the Netherlands, Denmark, Portugal, Sweden, and France.

Other data suggests that its sales in China have struggled in the second quarter as well. Aside from politics and brand image, Tesla may also be struggling there as a result of increasing competition from competitors like BYD, which has grabbed a dominant market share in China. BYD’s EVs are cheaper and its newest tech can charge faster than Tesla’s. These factors, in my opinion, will pose a bigger problem for Tesla than its brand or political issues, which are likely to fade over time.

Wall Street analysts are modeling for second-quarter deliveries of roughly 400,000, which would be an improvement from the first quarter, but a 10% year-over-year decline. However, some analysts don’t expect investors to care much if Tesla misses estimates.

“The Tesla narrative has increasingly turned to AV/Robotaxi, with investors likely more focused on the planned June 22 Robotaxi launch and Tesla’s path to scaling AV than on 2Q deliveries/overall fundamentals,” wrote Barclays analyst Dan Levy in a recent research note. Levy is modeling for 375,000 Tesla EV deliveries in the second quarter.

Other analysts are more concerned.

In early June, Wells Fargo analyst Colin Langan posted a research note suggesting Tesla’s deliveries in the second quarter were down 21% year-over-year on a quarter-to-date basis. Langan has a sell rating on the stock and a price target that implies a downside of more than 60%.

It’s also worth noting that Tesla has become a battleground stock, with some analysts extremely negative and others like Wedbush’s Dan Ives very bullish.

Will anyone care if Tesla disappoints?

At this point, there have been many negative headlines about Tesla’s EV deliveries in the second quarter, but the stock is up close to 24% quarter to date as of June 20.

As Levy mentioned, most Tesla shareholders at this point appear to be focused on future initiatives like robotaxis and Optimus humanoid robots. If Tesla does underperform on EV deliveries, I think it could suggest that the core EV business has a real problem and is being undermined by more than just Musk’s politics, which would present a fundamental problem for the EV business.

The stock may not fall much, but then investors will be heavily dependent on the performance of the robotaxi fleet, and reliant upon the Optimus robot business to scale up quickly as well. With Tesla trading at 168 times forward earnings, that bet is only becoming riskier for investors.

The stock market correction hasn’t gone on very long, but there are more than a few growth stocks that are well off their highs.

Wingstop (WING -4.79%) is one of them. Shares of the fast-food wing slinger are now down 52% from their peak last fall, as investors have been spooked by weakening consumer sentiment, disappointing 2025 guidance, and missing top-line estimates in its fourth-quarter earnings report. A lofty valuation also accelerated the sell-off, as the stock was priced for perfection six months ago.

However, after the price reset, Wingstop looks set up for an attractive buying opportunity. Here are three reasons why.

Image source: Wingstop.

1. It has an impeccable track record of growth

In the restaurant industry, winners tend to keep winning, and Wingstop’s success is a testament to that. The company is easily the nation’s largest fast-food wing concept, and its model of opening in B-level real estate locations, keeping costs low for franchisees, and relying on digital and delivery channels has paid off.

Wingstop has delivered 20 straight years of same-store sales growth, a streak that includes the financial crisis and the pandemic and is virtually unmatched in the restaurant industry. The company has also reported double-digit comparable-sales growth in many of those quarters.

In fact, in the fourth quarter, it posted 10.1% domestic same-store sales growth and 19.9% same-store sales growth for the year, on top of 18.3% in 2023, giving it a two-year comp of more than 40%.

A restaurant chain that’s able to grow at a rate like that clearly has a product and brand that’s resonating with its customer base. Additionally, Wingstop has been able to grow same-store sales in double digits while aggressively opening new locations, showing that cannibalization has not been an issue.

2. 2025 guidance is likely conservative

Wingstop stock fell 13% on Feb. 20, and continued to slide from there as the company missed top-line estimates in its fourth-quarter earnings report and offered disappointing guidance for 2025.

Management said that it expected low-to-mid-single-digit same-store sales growth in 2025, a sharp slowdown from 19.9% in 2024 or 10.1% in the fourth quarter. On the earnings call, the company explained that that guidance was primarily due to lapping very strong growth in 2024, including 20% growth in the first quarter in 2024.

However, full-year guidance to start the year tends to be conservative for most companies, and Wingstop has a pattern of doing that as well. In fact, in the fourth quarter of 2023, the company guided for mid-single-digit comparable-sales growth, and clearly blew that away with 20% comperable-sales growth.

Management teams generally give targets they’re confident they can hit. That doesn’t mean that Wingstop will blow past its guidance again, but that forecast isn’t a reason in and of itself to doubt the company.

3. It still has a long runway of growth

Wingstop is rapidly expanding in both domestic and international markets, and the company’s franchise model allows it to open stores quickly in new markets and in small-footprint locations that other restaurant chains might avoid.

Wingstop opened 349 net new restaurants in 2024, bringing its grand total to 2,563 locations, and it expects to grow its base by another 14%-15% in 2025, showing that even if its same-store sales growth is modest, the company can still deliver growth through new stores.

The company only has a few hundred stores in international markets, and it can follow in the footsteps of successful fast-food chicken brands like KFC (owned by Yum! Brands) by expanding abroad.

Wingstop is currently targeting 7,000 locations globally, about triple what it has today, and the company could lift that target if same-store sales continue to be robust and there’s demand from franchisees.

A great buying opportunity

Wingstop’s valuation looks much more reasonable after the recent pullback, as it trades at a price-to-earnings ratio of 56, which seems reasonable for a company with its growth potential.

While market headwinds could persist in 2025, Wingstop could also soar again if it can beat its same-stores sales guidance for the year. Long term, the company looks well-positioned for market-beating growth, both as a business and a stock.

Uber Technologies (UBER -2.91%) has navigated the recent stock market volatility well, delivering a solid 23% year-to-date gain for shareholders, while the S&P 500 index is down about 3.5% in 2025 thus far.

The ride-sharing giant is capitalizing on strong demand across its platform, which has led to accelerating profitability. As the company targets new growth opportunities, a compelling case emerges that Uber’s outlook is stronger than ever.

Here are four reasons I believe Uber Technologies stock can make an excellent addition to your portfolio right now.

1. Uber is reporting strong platform demand

For more than a decade, Uber has redefined personal mobility, becoming a cultural shorthand for convenient, on-demand transportation. The company’s growth trajectory has been remarkable, with its monthly active platform consumers (MAPCs) now exceeding 170 million — more than double the 80 million it reported in 2018. In 2024, the company facilitated 11.3 billion trips worldwide, which generated $44 billion in net revenue, up 18% year over year.

It’s not just its ride-sharing service fueling this momentum. Uber has successfully introduced several new transportation options in recent years while leveraging its technology ecosystem into services like food delivery and freight solutions. Not only are more users utilizing an Uber service for the first time, but they’re also increasingly active, taking trips or placing delivery orders more frequently.

This ongoing diversification as Uber continues to enter new markets further strengthens the company’s fundamentals as a high-quality industry leader. Yet, Uber believes it is just getting started, noting that its consumer user base still represents less than 5% of the total addressable adult population in the major countries it serves.

Image source: Getty Images.

2. Uber is a cash-flow juggernaut

Perhaps even more impressive than Uber’s growth is its improved financial position, where earnings and free cash flow have crossed an inflection point. In 2024, earnings per share (EPS) of $4.56 soared compared to $0.87 in 2023, while the $6.9 billion in free cash flow was up 105%.

The expectation is for further profitable growth with an upside for operating margins. Uber’s management has projected optimism toward its outlook, through its $7 billion share repurchasing authorization announced last year. Uber’s ability to return cash to shareholders adds to its appeal as an investment.

3. Uber is positioned to lead with autonomous vehicles

Uber has faced questions about how it will address the rise of autonomous vehicles (AVs), which present both a risk to its driver-based model as well as a massive opportunity. Management acknowledges that mass-scale AV commercialization is years away, with cost, safety, and regulatory challenges ensuring human drivers remain essential to urban mobility for the foreseeable future.

Nevertheless, Uber’s technology and global infrastructure — covering customer support, payments, and fleet management — position it uniquely to support AV operators. Already partnering with leaders like Waymo (an Alphabet subsidiary) and China-based WeRide, Uber integrates autonomous rides into its network in select regions, leveraging these collaborations to tap into a projected $1 trillion market over the next decade.

4. Uber has a compelling valuation

Shares of Uber are trading at 23 times its consensus 2025 EPS estimate, a forward price-to-earnings (P/E) ratio that I view as attractive for a consumer-focused tech titan delivering double-digit percentage growth. While that earnings multiple commands a significant premium over its smaller ride-share rival Lyft (which trades at a forward P/E of 12), Uber’s stronger brand recognition, larger scale, and more diversified, future-proof offerings justify its premium.

A better comparison might be with disruptors like DoorDash, Airbnb, and even Amazon, which lead their categories in the platform economy and trade at forward P/Es above 30. By this measure, Uber stock offers a good mix of growth and value.

Data by YCharts.

Final thoughts

I’m bullish on Uber and predict its shares will continue climbing. I fully expect the stock price to regain its October 2024 all-time high price of $87 by this time next year (it’s currently priced around $74). The company’s combination of strong growth and recurring profitability positions it well to reward shareholders over the long run. Investors confident in Uber’s potential have plenty of reasons to buy the stock for a diversified portfolio.