Why Are Dogecoin, Shiba Inu Down Over 15% In The Past Week?

Over the past week, Dogecoin DOGE/USD and Shiba Inu SHIB/USD are down 20% and 15%, respectively, as crypto markets await the impact of President Trump’s tariff announcements.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin DOGE/USD	$0.1724	$25.6 billion	+0.8%	-15.9%
Shiba Inu SHIB/USD	$0.00001233	$7.26 billion	-3.3%	-20.3%
Pepe PEPE/USD	$0.057391	$3.1 billion	-2.4%	-19.2%

Trader Notes: Crypto trader Nebraskangooner noted that SHIB's recent breakout was a fakeout, with many altcoins hitting resistance and retracing

$SHIB (per request)

Pretty nasty fake break out.. many other alts have rejected resistance and headed back to the lows from here. pic.twitter.com/cJmyHHahgh

— Nebraskangooner (@Nebraskangooner) April 1, 2025

Crypto chart analyst Ali Martinez sees Dogecoin trading near support, with the TD Sequential indicator flashing a buy signal—suggesting a potential bullish reversal.

Trader Byzantine General remains bullish on meme coins with strong brand recognition, predicting they could be forming cycle bottoms.

Statistics: Shibburn data shows 115.9 million SHIB coins have been removed from circulation over the past 24 hours, increasing the burn rate by 104,201.4%.

One transaction burned 92.6 million SHIB around nine hours ago.

IntoTheBlock data shows SHIB large transaction volume and daily active addresses down by 53.3% and 32.8%, respectively. Transactions greater than $100,000 declined from 74 to 54.

DOGE long liquidations declined from $1.72 million to $1.43 million on Tuesday.

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• Dogecoin, Shiba Inu Up 3% And Flashing Bullish Signals—Is A Rally Coming?

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