Dogecoin and Shiba Inu Test Lower Levels as Key Support Breaks Down

Source: CryptoNewsNet Original Title: Dogecoin and shiba inu test lower levels after key support gives way Original Link: Dogecoin and Shiba Inu slipped during U.S. hours as rising sell volume pushed both tokens below key technical levels, extending weakness across the meme coin segment while ether underperformed other majors.

Market Context

The move unfolded alongside continued softness in ETH, which traders often treat as a proxy for risk appetite across altcoins. As ETH lagged the broader market, higher-beta assets such as meme coins absorbed outsized selling pressure.

Broader crypto benchmarks held relatively steady, underscoring that the weakness was concentrated in speculative segments rather than a market-wide capitulation. This divergence suggests capital rotation and de-risking rather than panic selling.

Technical Analysis

Dogecoin broke below the $0.13 psychological level after rejection at $0.1331, confirming a sequence of lower highs and locking price into a descending channel. Former support near $0.1296 has flipped into resistance, reinforcing the bearish structure.

Trading volume surged 53% to 479.7 million tokens, consistent with active distribution rather than low-liquidity drift. Failed attempts to reclaim broken levels increase the probability of continuation toward lower demand zones unless buyers step in decisively.

Shiba Inu mirrored DOGE’s structure, slipping below short-term support and failing to reclaim overhead supply. The lack of relative strength versus DOGE suggests sector-wide pressure rather than isolated token weakness.