Dogecoin Down 6%, Shiba Inu Slumps 8%: What Is Going On?
Dogecoin Down 6%, Shiba Inu Slumps 8%: What Is Going On?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 TrendDogecoin 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. Read Next: Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That ‘Extends Beyond Mere Speculation’: Report Image: Shutterstock Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.