Market Cap: $3.3843T 0.630%
Volume(24h): $115.6494B -9.640%
  • Market Cap: $3.3843T 0.630%
  • Volume(24h): $115.6494B -9.640%
  • Fear & Greed Index:
  • Market Cap: $3.3843T 0.630%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$109255.943346 USD

0.44%

ethereum
ethereum

$2576.771422 USD

0.33%

tether
tether

$1.000392 USD

0.00%

xrp
xrp

$2.244563 USD

0.13%

bnb
bnb

$661.282155 USD

0.33%

solana
solana

$151.348303 USD

-0.88%

usd-coin
usd-coin

$0.999915 USD

0.00%

tron
tron

$0.286551 USD

0.42%

dogecoin
dogecoin

$0.170740 USD

1.18%

cardano
cardano

$0.592419 USD

1.19%

hyperliquid
hyperliquid

$39.292356 USD

-1.41%

sui
sui

$3.003036 USD

3.67%

bitcoin-cash
bitcoin-cash

$489.883884 USD

-2.29%

chainlink
chainlink

$13.601976 USD

0.89%

unus-sed-leo
unus-sed-leo

$9.023183 USD

0.31%

Cryptocurrency News Articles

Dogecoin and Shiba Inu Trend Down as Whales Monitor Market for Next Move

Jan 22, 2025 at 08:04 pm

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are trending downwards as market participants closely monitor whale activity, burn rates and technical signals

Dogecoin and Shiba Inu Trend Down as Whales Monitor Market for Next Move

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) price trends were largely influenced by whale activity, burn rates and technical signals on Monday. Here's a roundup of what crypto traders had to say about the meme coins.

Crypto analyst Ali Martinez remained optimistic about Dogecoin’s potential for further upside.

“$DOGE is still holding above the breakout zone, showing resilience and potential for further upside!” Martinez tweeted.

TraderSZ stated that he paused scaling into DOGE long positions, waiting for a “proper reclaim of mid-range” before re-entering. Despite this cautious approach, he remained bullish overall.

Trader StrongHedge observed growing alignment in the market with meme coins and beta assets gaining traction.

“Shiba Inu and Floki are forming bullish divergences on higher timeframes, SHIB showing strength here,” StrongHedge noted, adding that Dogecoin also showed strength and that a broader rally may be on the horizon as the market stabilizes.

Shiba Inu Burn, Whale Activity, Technical Signals Impacting Price Trends

Shibburn data showed a 612.8% surge in the past 24 hours, with 3.2 million SHIB burned and removed from circulation.

Meanwhile, daily transactions on Shibarium crossed 4.7 million since December 2024.

IntoTheBlock data showed Shiba Inu whale transactions and daily active addresses decreased by 48.4% and 3.1%, respectively, in a single day.

Crypto trader and analyst Fibb indicated that SHIB faced resistance at $0.000013 and support at $0.000011.

“Shiba Inu may be preparing for a breakout from this consolidation,” Fibb said.

According to Santiment data cited by Martinez, whales purchased another 590 million DOGE in the last 24 hours.

Coinglass data highlighted a 5.8% increase in DOGE open interest ($4.9 billion) and a 23.8% jump in derivative trading volume.

Short and long liquidations were at their lowest since December 2024.

Dogecoin Dominates Meme Coin Rankings

Despite competition from new entrants like TRUMP and MELANIA, Dogecoin maintained its dominance among meme coins.

The meme coin ranked second in 24-hour trading volume ($8.36 billion) on Monday, trailing only TRUMP ($15.6 billion).

DOGE also remained a top gainer in the past 24 hours and seven days, with gains of 11.3% and 53.2%, respectively.

Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jul 05, 2025