DOGE, SHIB Slip as Thin Holiday Liquidity Keeps Meme Coins Range-Bound

Published: 2025-12-27 16:00:12 |

Dogecoin (DOGE) and Shiba Inu (SHIB) slipped amid thin year‑end liquidity and weak large‑cap crypto action, with moves driven by technical selling rather than fresh fundamental news. DOGE traded around $0.123, facing a supply zone at $0.1260–$0.1264 and a demand shelf at $0.1208–$0.1220; a sustained break below $0.122 would likely trigger deeper losses toward roughly $0.1250 or lower. Volume on DOGE ran about 11–53% above recent averages across reports, with high‑volume rejections on rebounds indicating active seller distribution. SHIB fell to roughly $0.000007165 after breaching a $0.00000717–$0.00000718 floor; near supports lie at $0.000007145 and $0.00000707, and resistance around $0.00000722–$0.00000725. Ether (ETH) underperformance was cited as a proxy for weaker altcoin risk appetite, and broader crypto benchmarks remained relatively stable — pointing to a rotation away from high‑beta memecoins rather than a market‑wide selloff. For traders, key levels to watch are DOGE holding $0.122 (to avoid a rapid downside leg) and reclaiming/holding above $0.1325–$0.1264 (to neutralize bearish setups), and SHIB reclaiming $0.00000717–$0.00000718 to stop the breakdown. Monitor BTC and ETH momentum and meme‑coin volume spikes for continuation or reversal signals.

Bearish

Price action and volume point to bearish pressure on both DOGE and SHIB. DOGE has failed to reclaim key resistance zones and is testing a demand shelf near $0.1208–$0.1220; a sustained break below $0.122 would likely accelerate selling. Elevated volume on declines and high‑volume rejections on bounces indicate active distribution rather than short‑covering. SHIB’s breach of its $0.00000717–$0.00000718 floor and lack of immediate reclaim reinforces downside risks. The weakness is tied to thinner year‑end liquidity and underperformance in ETH (a proxy for altcoin risk appetite), so if BTC/ETH cannot sustain rebounds, memecoins may face further failed bounces and additional downside. Short term: increased volatility and downside risk, favoring protective stops, reduced long exposure, or tactical short/mean‑reversion trades. Longer term: unless broader market risk appetite recovers (BTC/ETH strength and return of liquidity), memecoins remain vulnerable given their high beta profile.