DOGE, SHIB price news: Memecoins drift lower as traders defend resistance zones

Dogecoin (DOGE) and Shiba Inu (SHIB) prices moved lower, with DOGE slipping to $0.123 and SHIB to $0.000007165, as their attempted rebounds faded in line with broader crypto market weakness, particularly Bitcoin's lack of follow-through and Ether's muted performance. The market action is described as technical, driven by thin liquidity and year-end position cleanup, rather than narrative catalysts. Technically, DOGE is consolidating with a bearish bias below resistance at $0.1260–$0.1264, with key support around $0.1208–$0.1220; a break below $0.122 risks a deeper slide. SHIB is structurally weaker, having broken its support floor, and is now targeting $0.000007145, with bulls needing to reclaim $0.00000717–$0.00000718 to stop the slide. The divergence suggests sector-wide fragility, and continued weakness is expected if Bitcoin and Ether remain heavy.

(Source：CoinDesk)