Price Action of Dog Memecoins Dogecoin, Shiba Inu Muted Amid Thin Holiday Liquidity
Dogecoin (DOGE) and Shiba Inu (SHIB) prices declined amid thin holiday liquidity, with DOGE trading at $0.123 and SHIB at $0.000007165. The market remains technical, as DOGE is trading in a tightening consolidation with a bearish bias.
Key resistance levels for DOGE are between $0.1260 and $0.1264, and support ranges from $0.1208 to $0.1220. A break below $0.122 could deepen the decline toward $0.1280 and then $0.1250. Reclaiming $0.133 would shift the bias more positively.
For SHIB, the price broke below $0.00000717–$0.00000718, with the next support at $0.000007145. If this level fails, the next demand zone is near $0.00000707. Rebounds are capped between $0.00000722 and $0.00000725 absent higher volume.
Over 24 hours, DOGE price moved from $0.1258 to $0.1230 with trading volume 11.5% above the seven-day average. SHIB price fell to $0.000007165 after breaking its floor, with selling accelerating toward $0.00000707.
A divergence between DOGE and SHIB suggests sector fragility rather than selective accumulation.
The key takeaway is to monitor whether DOGE holds $0.122 and whether SHIB recovers its broken floor. These levels indicate whether a base is building or if another leg down may occur.
