Ah, the grand circus of cryptocurrency! On this fine Tuesday, our beloved Dogecoin has plummeted a staggering 4%, while the ever-adorable Shiba Inu has decided to join the party with a modest 2% drop. It seems both these meme coins have broken through their key support levels like a child breaking a piñata-only to find not candy, but despair.
- Our furry friend Dogecoin has tumbled below the $0.10 barrier, confirming that bearish momentum is indeed alive and well, with resistance lurking ominously at $0.105-$0.12. Who needs friends when you have resistance levels?
- Support? Oh, we have some! It’s lounging around at $0.08, perhaps considering a vacation at $0.07 if this downward pressure doesn’t let up. Hope it packed its bags.
- As for Shiba Inu, it’s trading near a meager $0.00000552, weighed down by extreme selling pressure, a bearish Supertrend at $0.00000753, and broken support zones; token burns are like throwing a bucket of water on a forest fire-helpful but hardly sufficient. To recover, it must reclaim the illustrious $0.00000700.
Ah, DOGE has stumbled beneath the psychological barricade of $0.10, a significant technical failure in the grand saga of cryptocurrency. The Supertrend at $0.11958 confirms the shadows of bearish momentum, while the Parabolic SAR at $0.10544 stands as a cold, unyielding resistance.
As selling pressure intensifies like a bad joke at a family reunion, DOGE slides toward its channel’s lower boundary. There’s horizontal support at around $0.08, but with such a steep decline, one might wonder if it’s got a secret pact with gravity.
Open interest has decreased by 1.02% to $962.62 million, and options volume has plunged a dramatic 48.58%, reflecting a trading activity that resembles a ghost town.
The Binance long/short ratio of 2.1756 suggests that many traders, once optimistic about a bounce, are now underwater, flailing helplessly like fish out of water. For a recovery, DOGE must reclaim $0.10 and break above the Supertrend at $0.12; otherwise, the sad song of support at $0.08-and possibly $0.07-will continue.
On the other hand, SHIB finds itself nestled by the lower Bollinger Band at $0.00000552, showcasing extreme selling pressure. The Supertrend at $0.00000753 is a gloomy harbinger, and the upper Bollinger Band at $0.00000837 serves as a reminder of just how far Shiba Inu has fallen from grace.
A descending trendline is like a dark cloud, limiting any potential rallies, while previous support zones lie broken-like dreams dashed upon the rocky shores of reality. Token burns surged 65.52% in the last 24 hours with 2.5 million SHIB vaporized, yet 585.45 trillion remain afloat in the sea of circulation-a mere drop in the bucket of despair.
Immediate support is hanging on by a thread at $0.00000550-$0.00000600, with a potential plunge to $0.00000500 if broken. Recovery requires SHIB to reclaim the elusive $0.00000700 and triumph over the Supertrend. Will it rise like a phoenix or sink further into the abyss? Only time will tell!
Read More
- Best Controller Settings for ARC Raiders
- Stephen Colbert Jokes This Could Be Next Job After Late Show Canceled
- 7 Home Alone Moments That Still Make No Sense (And #2 Is a Plot Hole)
- DCU Nightwing Contender Addresses Casting Rumors & Reveals His Other Dream DC Role [Exclusive]
- Is XRP ETF the New Stock Market Rockstar? Find Out Why Everyone’s Obsessed!
- 10 X-Men Batman Could Beat (Ranked By How Hard It’d Be)
- Bitcoin or Bust? 🚀
- Embracer Group is Divesting Ownership of Arc Games, Cryptic Studios to Project Golden Arc
- JRR Tolkien Once Confirmed Lord of the Rings’ 2 Best Scenes (& He’s Right)
- What’s Coming to Netflix This Week? (September 22-26)
2026-02-11 00:24