Dogecoin Down 6%, Shiba Inu Slumps 8%: What Is Going On?

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Zinger Key Points
  • Dogecoin and Shiba Inu suffer notable losses as Bitcoin dips below the $100,000 threshold.
  • A trader highlights a sell signal for DOGE, while SHIB’s RSI of 66 suggests a slightly overbought condition.  

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are falling on Tuesday, as Bitcoin finds itself trading back below $98,000.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day Trend
Dogecoin DOGE/USD $0.3669$54.12 billion-5.8%+12.9%
Shiba Inu SHIB/USD $0.00002253$13.3 billion -7.9%  +3.9% 
Pepe PEPE/USD $0.00001906  $8 billion-9.8% -10.4% 

Trader Notes: Crypto chart analyst Ali Martinez flagged a sell signal on DOGE’s daily chart, predicting a potential price correction.

More Crypto Online sees Dogecoin having dipped below upper micro support.

A drop to $0.30 is possible before a potential rally, which could present a buying opportunity.

Benzinga's technical analysis shows SHIB's Relative Strength Index (RSI) at 66.6, signaling strong bullish momentum but approaching overbought territory.

An RSI near 70 often hints at a possible correction as upward pressure wanes.

Statistics: IntoTheBlock data shows Shiba Inu large transaction volume spiking by 37.3% and transactions greater than $100,000 having increased from 82 to 113 in a single day.

Around 51% SHIB holders are in profit, 43% are underwater.

Shibariumscan data shows Shiba Inu's Layer-2 network maintaining over 4.7 million daily transactions since early 2025.

Shibburn reports a significant burn of 21.09 million SHIB in a single transaction.

Community News: Whale Alert data shows 1.64 trillion SHIB, worth $39 million, transferred from Crypto.Com to an unknown wallet.

A 70.08 million DOGE transfer, worth $27 million, was initiated on Jan. 7 by a mysterious whale from an unknown blockchain address.

The Shiba Inu community announced the impending launch of the TREAT token on Jan.14, promising to revolutionize the SHIB ecosystem.

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