Dogecoin and Shiba Inu Lag Behind Broader Crypto Markets as Memecoins Face Selling Pressure
As of December 18, 2025, Dogecoin (DOGE) and Shiba Inu (SHIB) have underperformed broader cryptocurrency markets, continuing the trend of de-risking speculative assets. Despite increased accumulation by whales in DOGE, both memecoins are experiencing selling pressure and must reclaim key technical levels to regain momentum.
Dogecoin fell 3.3% from $0.1302 to $0.1262, with trading volume more than 50% above its seven-day average. The coin is forming a descending triangle pattern, showing support near $0.13 and resistance around $0.1265–$0.1270, with supply pressure near $0.1360 following a high-volume rejection. For DOGE to neutralize the bearish pattern, traders note it must reclaim the $0.13 level with sustained volume.
Shiba Inu moved in tandem with DOGE, tracking lower during U.S. trading hours and failing to overcome short-term resistance. Rising volume during declines suggests distribution rather than token-specific buying. For SHIB to shift momentum, it must regain its prior consolidation levels.
Both memecoins are trading as a single risk bucket, indicating that their price dynamics are driven by broader speculative sentiment rather than token-specific catalysts.
Meanwhile, Coinbase has launched regulated SHIB futures contracts tied to its 1,000-token index, but near-term price action remains dominated by technical factors rather than regulatory developments.
In contrast to the fragility of meme tokens, Ethereum (ETH) remained relatively firmer around $2,868.04, highlighting divergence within the crypto market.
