Dogecoin and Shiba Inu dropped roughly 9% each as bitcoin drifted toward the $60,000 level, triggering a broader risk-off move in crypto markets. The selling was concentrated in speculative corners, with both tokens breaking key technical supports. DOGE fell from $0.0891 to $0.0830, breaking the ascending channel that had guided price action since February. SHIB dropped from $0.000004997 to $0.000004630, slicing through support near $0.000004780 on heavy selling pressure. Derivatives traders moved into defensive positioning, with DOGE futures open interest falling and SHIB open interest hovering near cycle lows. Despite the selloff, both tokens saw sizeable exchange outflows typically associated with accumulation, though these failed to support price, indicating macro conditions and momentum are the primary drivers. For DOGE, the key level is $0.0819; a break below it could target $0.067. For SHIB, support near $0.000004575, with the next downside zone around $0.000004500. Recovery attempts face resistance at $0.0883 for DOGE and $0.000004780 for SHIB. Until buyers reclaim broken support, the path of least resistance remains lower.

Key facts

• Dogecoin fell 9%, breaking the ascending channel that held since February, now eyeing $0.067.
• Shiba Inu dropped 9%, slicing through support at $0.000004780; next support near $0.000004575.
• Derivatives traders took defensive positions; DOGE and SHIB open interest declined.
• Exchange outflows for both tokens failed to support price, indicating macro-driven selling.
• Recovery attempts face resistance at $0.0883 for DOGE and $0.000004780 for SHIB.

KeyAudit data perspective