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Highlights
- Dogecoin (DOGE) struggles with declining momentum, losing 10% over the past week.
- Shiba Inu (SHIB) faces resistance despite ecosystem expansion, with a potential breakdown ahead.
- New market entrants gain attention as established meme tokens show signs of fatigue.
Dogecoin (DOGE) has seen a sharp decline, shedding 10% in the past seven days as market sentiment weakens. Currently trading near psychological support, the token faces a critical resistance level at $0.45 and support at $0.25. The RSI has shifted into bearish territory, and without renewed institutional inflows, DOGE remains under pressure.
Despite its status as an early meme token, Dogecoin’s lack of utility has become a growing concern. Newer assets with staking, governance, and DeFi applications continue to attract attention, leaving DOGE in a speculative position. Analysts highlight that a failure to regain bullish momentum could push the price toward the $0.15–$0.18 range by mid-February.
Shiba Inu (SHIB) Faces Resistance Despite Ecosystem Expansion
Shiba Inu (SHIB) has made several ecosystem advancements, including the launch of SHIB: The Metaverse and the introduction of the TREAT token into Shibarium and ShibSwap. However, these developments have not been enough to reverse the recent downtrend.
SHIB has dropped 18% this month, reaching a 90-day low. The price chart shows a symmetrical triangle pattern, signaling a potential breakdown. Market attention has also shifted to emerging tokens, further pressuring SHIB’s recovery. Even with an increase in token burn rates, selling pressure continues to weigh on price action.
With meme assets facing market fatigue, shifting momentum toward new projects is reshaping the sector. Established tokens will need renewed engagement or utility-driven catalysts to regain traction.
