Dogecoin Latest Updates: Meme Coin Sector Falters Amid SHIB's Support Level Examination Raising Wider Worries
- Shiba Inu (SHIB) fell 13% to $0.0000081 on Nov 21, 2025, testing critical support levels amid bearish market pressure. - Technical indicators show RSI at 34 and MACD bearish crossover, signaling sustained selling pressure but potential rebound if $0.0000081 holds. - Broader meme coin market weakens as Dogecoin (DOGE) and Pepe (PEPE) also face sharp corrections, reflecting risk-off investor sentiment. - Analysts highlight SHIB's low price and community engagement as potential recovery catalysts, though fu
Shiba Inu (SHIB) has reached a pivotal moment as the
Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) for the coin are reflecting bearish trends, with the RSI at 34 and a negative crossover in the MACD. These metrics highlight ongoing selling dominance, but market participants are monitoring for a turnaround as SHIB nears its immediate support at $0.0000081. If this level is successfully defended, a move back toward the $0.0000099 resistance—where the price has previously been rejected—could occur. On the other hand,
The wider meme coin sector has reflected SHIB’s recent difficulties, with
Although the current sentiment is bearish, some experts believe SHIB’s low valuation and active community could eventually spark a recovery. The token’s on-chain metrics remain strong, with large holder activity and social media buzz suggesting renewed interest. Still, any significant rebound would likely need a major catalyst, such as an overall market upswing or positive developments in SHIB’s utility. For now,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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