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Dogecoin and Shiba Inu each fell about 9% amid Bitcoin’s slide toward $60,000, breaking key support levels and sparking fresh risk‑off pressure in meme‑coin
Dogecoin slid 9% to $0.0830 and Shiba Inu dropped 9% to $0.000004630 as Bitcoin edged toward the psychologically important $60,000 mark, triggering heavy selling in the most speculative crypto assets【3】.
| At a glance | |
|---|---|
| Dogecoin price | $0.0830 |
| DOGE 24h change | –9% |
| Key support broken | $0.0819 (resistance now) |
| Catalyst | Bitcoin slide toward $60,000, heavy volume sell‑off【3】 |
| Shiba Inu price | $0.000004630 |
| SHIB 24h change | –9% |
| Key support broken | $0.000004575 (now resistance) |
| Catalyst | Same Bitcoin‑driven risk‑off, large‑volume breakdowns【3】 |
Dogecoin’s price fell from $0.0891 to $0.0830, snapping an ascending channel that had held since February. The breach shifts focus to lower support near $0.067, with the immediate $0.0819 level now acting as resistance【3】. Shiba Inu slid from $0.000004997 to $0.000004630, cutting through support at $0.000004780 and exposing the next floor at $0.000004575, which likewise now serves as resistance【3】. Both tokens recorded their largest 24‑hour volumes on the breakdowns rather than on rebounds, underscoring sellers’ dominance.
The sell‑off coincided with Bitcoin’s drift toward $60,000, a level that has historically sparked liquidations across altcoins. Derivatives data show DOGE futures open interest falling and SHIB open interest hovering near cycle lows, reinforcing the risk‑off narrative【3】. Despite recent token burns and ecosystem efforts—Dogecoin’s limited utility for online payments and Shiba Inu’s DeFi projects like ShibaSwap—neither coin has shown durable price support. Over the past five years, Dogecoin is down 86% from its $0.74 peak in May 2021, while Shiba Inu trails 93% below its October 2021 high【1】. In 2026 alone, Dogecoin is down 20% and Shiba Inu nearly 10% year‑to‑date, lagging even Bitcoin’s –2.8% performance【1】.
Shiba Inu’s attempt to build an ecosystem—including ShibaSwap, Shib the Metaverse, and the layer‑2 Shibarium—has yielded modest activity. ShibaSwap’s 24‑hour volume sits under $100,000, far below major DEXes that each exceed $300 million, and Shibarium processes only 1,000‑5,000 daily transactions compared with Polygon’s 7 million-plus【2】. Dogecoin, while benefiting from occasional high‑profile mentions by Elon Musk, has never traded above its $0.74 all‑time high despite billionaire endorsements【1】.
The 9% plunge highlights how meme‑coins remain the first casualty in broader crypto risk‑off cycles, and whether either token can reclaim lost support will depend on Bitcoin’s next directional move and any fresh catalyst that could revive speculative demand.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 28, 2026 · How we report
Dogecoin is trading around $0.068–$0.069, having fallen below the $0.07 support level.
Yes, long positions faced $8.20 million in liquidations, while short liquidations were much lower, indicating traders are reducing bullish exposure.
The RSI is near oversold at 31.34, suggesting potential buying interest, but analysts also highlight resistance at $0.081 and possible further decline toward $0.065 if bearish pressure continues.
Metrics such as declining social dominance, negative funding rates, and a long‑to‑short ratio below one point to a bearish sentiment.
Some analysts cite bullish chart patterns and a possible breakout above $0.081, but broader market data currently favors continued downside risk.