.svg)
Dogecoin and Shiba Inu spent the holiday stretch drifting lower in tight ranges, with price action dominated by thin liquidity rather than big narrative moves. DOGE slipped toward 0.123 dollars while SHIB eased to around 0.0000072 dollars, failing to hold brief intraday rebounds once U.S. trading hours rolled around and bitcoin’s own bounce lost steam.
Traders say both tokens are now trading almost entirely off technical levels and broader risk sentiment. For Dogecoin, the focus is on support just below current prices, where buyers have repeatedly stepped in during the past month. Shiba Inu looks more fragile after slicing through several short term support zones, with chart watchers eyeing liquidity pockets built up earlier in the quarter as the next possible stopping points if selling resumes.
The quiet tape stands in contrast to the explosive moves that dog themed memecoins have delivered in earlier cycles. Research on memecoin markets has highlighted how social media spikes and retail enthusiasm can amplify volatility, especially when order books are thin. This time, however, year end positioning and fading retail activity have kept volumes subdued, leaving DOGE and SHIB tracking the slow grind in the wider market rather than leading it.
Analysts caution that calm conditions can change quickly if fresh catalysts appear, whether in the form of a renewed bitcoin rally or a sudden burst of attention on social platforms that often drive memecoin flows. For now though, the dogs of crypto look more like passengers than drivers, their muted price action reflecting a holiday market where liquidity is light and traders are reluctant to place big directional bets.
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)