DOGE, SHIB Price News: Bitcoin continues to impact dogecoin, shiba inu demand
Dogecoin and Shiba Inu are underperforming the broader market as speculative assets face selling pressure despite whale accumulation.Summary
Dogecoin (DOGE) and Shiba Inu (SHIB) are lagging the broader cryptocurrency market, continuing to lose ground as traders rotate away from high-beta, speculative assets toward more stable tokens like Ether. This underperformance persists despite increased accumulation by large holders ("whales") for both tokens. Technical analysis shows DOGE is capped beneath a descending trendline, trading in a descending triangle pattern, and requires reclaiming the $0.13 psychological level to neutralize bearish structure. SHIB mirrors this weakness, failing to hold short-term support levels. Although SHIB recently gained regulatory support with new futures contracts on Coinbase, near-term price action is dominated by technical factors, reinforcing the view that meme coins are currently trading as a single risk bucket rather than on token-specific catalysts. Until key resistance levels are reclaimed, rallies for both DOGE and SHIB are expected to face selling pressure.
(Source：CoinDesk)