# Dogecoin and Shiba Inu edge higher as meme‑coin sell‑off continues

**Published:** 2026-07-10T22:13:52.308Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/6b12b522-eae5-48dc-9595-6ce266a75cce

Dogecoin up 1.2% and Shiba Inu up 2.5% amid a broader crypto bear market; see why traders watch key support levels and recent price drops.

Dogecoin rose 1.20% and Shiba Inu climbed 2.54% on the day, but both remain far below their 2021 peaks, keeping investors focused on whether the modest bounce can hold key support zones.  

| At a glance | |
|---|---|
| Dogecoin price change | +1.20% |
| Shiba Inu price change | +2.54% |
| Recent six‑month decline | Dogecoin –62% ; Shiba Inu –52% |
| Catalyst | Broad crypto bear market limiting meme‑coin demand |

## Price action in context  
Dogecoin’s 1.20% gain follows a six‑month slide of 62%, while Shiba Inu’s 2.54% rise comes after a 52% drop over the same period [1]. Both tokens are still entrenched well below their all‑time highs—Dogecoin is down about 86% from its May 2021 peak of $0.74, and Shiba Inu is down roughly 93% from its October 2021 high [2]. The modest uptick reflects short‑term buying pressure rather than a reversal of the long‑term downtrend.

## Market backdrop and tokenomics  
The broader crypto market remains in a bear phase, with investors adopting a “risk‑off” stance that has squeezed meme‑coin appetite [2]. Neither token shows a clear utility shift that could sustain higher valuations; Dogecoin’s occasional use for online payments and Shiba Inu’s DeFi experiments have not translated into lasting price support [1][2]. The lack of significant on‑chain inflows or large‑wallet movements in the reports suggests the price moves are driven more by speculative sentiment than fundamental changes.

## What to watch  
- **Dogecoin support**: Watch the $0.07‑$0.08 zone, which sits near the level that has historically steadied the coin after previous pullbacks.  
- **Shiba Inu support**: Monitor the $0.000010‑$0.000012 range, a level that has acted as a floor in recent months.  
- **Upcoming token events**: Keep an eye on any scheduled token unlocks or major exchange listings that could shift supply dynamics, though none are detailed in the current reports.  

The day’s gains underline how meme‑coins can briefly rally on thin trading volume, yet the persistent distance from their historic highs and the prevailing risk‑off environment mean any bounce is likely to be short‑lived unless broader market sentiment shifts.

## Sources
1. The Motley Fool — [Dogecoin vs. Shiba Inu: Is Either Worth Buying During the Crypto Crash?](https://www.fool.com/investing/2026/04/02/dogecoin-vs-shiba-inu-is-either-worth-buying-crash/)
2. The Motley Fool — [Shiba Inu vs. Dogecoin: Which Meme Coin Is the Less Risky Bet?](https://www.fool.com/investing/2026/04/19/shiba-inu-vs-dogecoin-which-meme-coin-is-the-less/)

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Cite as: TrendWatcher, "Dogecoin and Shiba Inu edge higher as meme‑coin sell‑off continues", https://www.trendwatcher.in/article/6b12b522-eae5-48dc-9595-6ce266a75cce