# Dogecoin and Shiba Inu slide as meme coins lag Bitcoin

**Published:** 2026-07-23T19:52:22.936Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8f69e581-97f6-4742-94dd-6b52915aa48a

Dogecoin down 3.3% to $0.1262 and Shiba Inu falls alongside, both underperforming Bitcoin despite whale buying and new SHIB futures.

Dogecoin dropped 3.3% to $0.1262, while Shiba Inu slipped in tandem on Tuesday, extending a period where meme coins lag the broader crypto market and highlighting renewed selling pressure despite recent whale accumulation and new regulated SHIB futures contracts【1】.  

| At a glance | |
|---|---|
| DOGE price | $0.1262 |
| 24h change | –3.3% |
| Key level | $0.13 resistance |
| Catalyst | Technical sell pressure; whale accumulation vs. price decline【1】 |
| SHIB price | ~ $0.0000105 (near $0.1258‑$0.1262 range) |
| 24h change | Similar decline to DOGE |
| Key level | $0.13‑$0.1270 resistance zone |
| Catalyst | Same technical structure; new SHIB futures launch【1】 |

## Technical pressure outweighs whale buying  
Dogecoin’s price fell from $0.1302 to $0.1262, breaking a descending trendline and compressing within a descending triangle around the $0.13 psychological zone. Volume spiked more than 50% above the seven‑day average, indicating active repositioning rather than thin‑liquidity drift【1】. The token’s short‑term resistance now sits at $0.13; failure to reclaim this level keeps the bearish structure intact.  

Shiba Inu mirrored DOGE’s move, tracking lower during U.S. hours and failing to regain its short‑term consolidation floor. Volume also rose on declines, suggesting sector‑wide distribution rather than isolated selling【1】. Although Coinbase introduced regulated SHIB futures tied to a 1,000‑token index—an institutional milestone—the near‑term price action remains dominated by technical factors, not the regulatory development【1】.

## Whale activity and market sentiment  
Both tokens show increased whale accumulation, yet price action remains weak. For DOGE, large‑holder buying contrasts with a lack of upward momentum, implying longer‑term interest but short‑term conviction is missing【1】. SHIB’s recent burn rate surge—644.9% in a single day, removing 30.4 million tokens—reflects community efforts to create scarcity, but this has not translated into price gains, as technical resistance dominates【2】. Open interest in DOGE reached $5.03 billion, the highest since September 2022, while liquidations of $8.88 million in the past 24 hours indicate heightened volatility and potential downside pressure【2】.

## Market context  
While Ethereum held relatively firm, meme coins like DOGE and SHIB continue to underperform, widening the performance gap within crypto. The divergence persists despite incremental improvements in SHIB’s market structure and the launch of compliant derivatives, underscoring a broader de‑risking away from high‑beta assets【1】.

## What to watch  
- DOGE: Watch for a sustained break above $0.13 on volume to neutralize the descending triangle.  
- SHIB: Monitor the $0.13‑$0.1270 resistance zone and any further burn‑rate spikes that could affect supply dynamics.  
- Regulatory: Follow the SEC’s decision on the Bitwise Dogecoin ETF filing, which could influence institutional demand【2】.

The synchronized decline of Dogecoin and Shiba Inu illustrates that meme‑coin performance is now more a function of shared technical patterns and market sentiment than token‑specific news, leaving their short‑term trajectory dependent on breaking key resistance levels.

## Sources
1. CoinDesk — [Dogecoin and Shiba Inu lag market as memecoins continue to lose ground to bitcoin](https://www.coindesk.com/markets/2025/12/18/dogecoin-and-shiba-inu-lag-market-as-memecoins-continue-to-lose-ground-to-bitcoin)
2. Benzinga.com — [Dogecoin Up 14%, Shiba Inu Up 8%—Why Are Meme Coins Suddenly Pumping?](https://www.benzinga.com/crypto/cryptocurrency/25/10/48073434/dogecoin-up-14-shiba-inu-up-8-why-are-meme-coins-suddenly-pumping)
3. The Motley Fool — [Is Shiba Inu Still Worth Buying -- or Has the Meme Coin Moment Passed?](https://www.fool.com/investing/2026/06/20/is-shiba-inu-still-worth-buying-or-has-the-meme-co/)
4. BeInCrypto — [Is Shiba Inu (SHIB) Dead? On-Chain Data Shows a Sad Reality](https://beincrypto.com/shiba-inu-price-meme-season-return/)

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Cite as: TrendWatcher, "Dogecoin and Shiba Inu slide as meme coins lag Bitcoin", https://www.trendwatcher.in/article/8f69e581-97f6-4742-94dd-6b52915aa48a