Dogecoin, Shiba Inu Down 10% In 24 Hours: What's Happening?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD have dropped on Monday, but traders remain optimistic about DOGE's recovery, while Shiba Inu's ecosystem fundamentals indicate resilience.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin DOGE/USD	$0.2037	$30.2 billion	-11%	-9.4%
Shiba Inu SHIB/USD	$0.00001318	$7.8 billion	-11.7%	-7.7%
Pepe PEPE/USD	$0.057511	$3.2 billion	-15.3%	-12.4%

Trader Notes: Crypto trader Tardigrade noted that Dogecoin has broken out of an inverse head & shoulders pattern and is now in a possible retest zone, ranging from the Fibonacci 0.618 level to a key support zone.

Meanwhile, chart analyst Ali Martinez highlighted that Dogecoin could be primed for a rebound, as the TD Sequential indicator has flashed a buy signal on its hourly chart.

#Dogecoin $DOGE could be ready to rebound as the TD Sequential indicator presents a buy signal on the hourly chart! pic.twitter.com/4arJRuXu8a

— Ali (@ali_charts) March 3, 2025

Statistics: Shibburn data shows Shiba Inu's burn rate has surged 164.4% in the past 24 hours, with 13.5 million SHIB removed from circulation.

IntoTheBlock data shows large transaction volume dropped 29%, while daily active addresses increased 12.9%.

Transactions greater than $100,000 spiked from 41 to 73 in a single day, but only 18% of SHIB holders are making profit at current levels marking a significant fall from 40% earlier.

Community News: In an X post on Feb. 27, Shiba Inu's marketing lead, Lucie, announced a new game in Shiba Eternity that will reward players while contributing to SHIB's burn initiative.

She said that approximately 10,000 SHIB will be burned per match.

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