{"id":14010,"date":"2026-02-11T17:10:58","date_gmt":"2026-02-11T17:10:58","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=14010"},"modified":"2026-02-11T17:11:02","modified_gmt":"2026-02-11T17:11:02","slug":"dogecoin-shiba-inu-slide-as-meme-coins-break-key-support-levels","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/02\/11\/dogecoin-shiba-inu-slide-as-meme-coins-break-key-support-levels\/","title":{"rendered":"Dogecoin, Shiba Inu Slide as Meme Coins Break Key Support Levels"},"content":{"rendered":"\n<p>Meme coin traders are feeling the pressure again.<\/p>\n\n\n\n<p>Both <strong>Dogecoin<\/strong> and <strong>Shiba Inu<\/strong> extended losses Tuesday, accelerating lower after breaking major technical support levels a move that confirms bearish momentum across the meme coin sector.<\/p>\n\n\n\n<p>While the broader crypto market remains volatile, technical charts suggest the selloff may not be over yet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Dogecoin Breaks Below $0.10 Psychological Support<\/h2>\n\n\n\n<p>Dogecoin dropped 4% and fell below the critical <strong>$0.10 psychological level<\/strong>, a threshold many traders viewed as key short-term support.<\/p>\n\n\n\n<p>That breakdown signals a significant technical failure.<\/p>\n\n\n\n<p>Several indicators now confirm bearish control:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Supertrend indicator<\/strong> sits at $0.11958, reinforcing downside bias<\/li>\n\n\n\n<li><strong>Parabolic SAR<\/strong> at $0.10544 now acts as resistance<\/li>\n\n\n\n<li>Price action is sliding toward the lower boundary of its descending channel<\/li>\n<\/ul>\n\n\n\n<p>Horizontal support currently sits near <strong>$0.08<\/strong>, but if selling momentum continues, analysts warn that DOGE could test <strong>$0.07<\/strong> next.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Derivatives Market Signals Weakness<\/h3>\n\n\n\n<p>Futures and options data also reflect cooling enthusiasm:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open interest declined 1.02% to $962.62 million<\/li>\n\n\n\n<li>Options volume plunged 48.58%<\/li>\n\n\n\n<li>Binance long\/short ratio of 2.1756 suggests many traders bet on a bounce \u2014 and are now underwater<\/li>\n<\/ul>\n\n\n\n<p>For any meaningful recovery, DOGE must:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Reclaim $0.10<\/li>\n\n\n\n<li>Break above Supertrend resistance near $0.12<\/li>\n<\/ol>\n\n\n\n<p>Until then, downside risk remains dominant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Shiba Inu Shows Extreme Selling Pressure<\/h2>\n\n\n\n<p>Shiba Inu fell 2%, trading near <strong>$0.00000552<\/strong>, pressing against the lower Bollinger Band \u2014 a classic signal of heavy selling pressure.<\/p>\n\n\n\n<p>Technical indicators highlight weakness:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Supertrend at $0.00000753 remains firmly bearish<\/li>\n\n\n\n<li>Upper Bollinger Band at $0.00000837 shows how far SHIB has retraced<\/li>\n\n\n\n<li>A descending trendline caps any short-term rally attempts<\/li>\n<\/ul>\n\n\n\n<p>Previous support zones have already been broken, increasing the probability of further downside.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Can Token Burns Provide Relief?<\/h3>\n\n\n\n<p>Shiba Inu\u2019s burn rate jumped 65.52% in 24 hours, removing 2.5 million SHIB from circulation.<\/p>\n\n\n\n<p>However, with roughly <strong>585.45 trillion tokens still in circulation<\/strong>, burn activity provides only limited immediate price support.<\/p>\n\n\n\n<p>Immediate technical support lies between:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$0.00000550 and $0.00000600<\/li>\n\n\n\n<li>A breakdown could push SHIB toward $0.00000500<\/li>\n<\/ul>\n\n\n\n<p>For a recovery scenario, SHIB would need to:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Reclaim $0.00000700<\/li>\n\n\n\n<li>Break above Supertrend resistance<\/li>\n<\/ol>\n\n\n\n<p>Without that, rallies may remain short-lived.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">What This Means for Meme Coins<\/h2>\n\n\n\n<p>The breakdown in both DOGE and SHIB reflects broader risk-off sentiment in speculative crypto assets.<\/p>\n\n\n\n<p>Meme coins often move more aggressively than large-cap cryptocurrencies during corrections. When key psychological levels fail, momentum tends to accelerate.<\/p>\n\n\n\n<p>Right now:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bearish technical structure dominates<\/li>\n\n\n\n<li>Derivatives activity is cooling<\/li>\n\n\n\n<li>Support levels are under pressure<\/li>\n<\/ul>\n\n\n\n<p>Unless buyers step in soon, meme coins may continue facing short-term downside risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meme coin traders are feeling the pressure again. Both Dogecoin and Shiba Inu extended losses Tuesday, accelerating lower after breaking major technical support levels a move that confirms bearish momentum across the meme coin sector. While the broader crypto market remains volatile, technical charts suggest the selloff may not be over yet. Dogecoin Breaks Below&#8230;<\/p>\n","protected":false},"author":3,"featured_media":14012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,455,121],"class_list":["post-14010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-dogecoin","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dogecoin, Shiba Inu Slide as Meme Coins Break Key Support Levels - Crypto News<\/title>\n<meta name=\"description\" content=\"Dogecoin and Shiba Inu slide after breaking key support levels. 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