DOGE, SHIB price news: Memecoins drift lower as traders defend resistance zones

Price-action of dog memecoins dogecoin, shiba inu muted amid thin holiday liquidity The market remains technical, with DOGE and SHIB's movements reflecting broader risk sentiment and liquidity conditions. What to know: Dogecoin and Shiba Inu both declined, with DOGE at $0.123 and SHIB at $0.000007165, as broader crypto market struggles continued. DOGE is trading within a tight range, needing to hold above $0.122 to avoid further declines, while SHIB has already broken key support levels. The market remains technical, with DOGE and SHIB's movements reflecting broader risk sentiment and liquidity conditions. Dogecoin edged down to $0.123 while Shiba Inu slipped to $0.000007165, with both tokens failing to sustain rebounds during U.S. hours as bitcoin’s attempted bounce faded and ether stayed heavy - a setup that kept meme coins pinned to technical levels rather than narrative catalysts. News background Meme coins continued to trade like high-beta proxies for broader risk appetite as large-cap crypto remained choppy into year-end. Bitcoin’s rebound attempts haven’t shown consistent follow-through during U.S. hours, and that lack of momentum has kept speculative corners of the market under pressure. See all newsletters Ether’s muted tape has also mattered. With ETH struggling to regain traction, flows have leaned toward caution in higher-risk sectors, and meme tokens like DOGE and SHIB have been among the first to get sold into strength. Thin liquidity and position cleanup into late December have amplified moves around obvious technical levels, even when headline news is limited. Technical analysis DOGE remains in a tightening consolidation, but with a bearish bias after repeated failures above $0.1260-$0.1264. That zone is now the most visible near-term supply, reinforced by high-volume rejections, while the $0.1208-$0.1220 band is the demand shelf holding the structure together. A sustained break below $0.122 risks a deeper slide toward $0.1280 and then $0.1250, while a reset requires reclaiming $0.133 to unwind the short-term downtrend and force sellers to cover. SHIB’s structure is weaker. Price slipped through the $0.00000717-$0.00000718 floor, confirming a descending-channel bias and shifting focus to $0.000007145 as the next support marker. If that level fails, the next real demand pocket sits near $0.00000707, while rebounds are likely capped in the $0.00000722-$0.00000725 zone unless volume returns in a sustained way. The straight read is that DOGE is still range-trading at the bottom of its band, while SHIB has already lost a key level and is trading like it’s searching for the next floor. That divergence usually signals sector-wide fragility rather than selective accumulation. Price action summary DOGE slipped from $0.1258 to $0.1230 over 24 hours, with volume running 11.5% above its seven-day average A high-volume rejection near $0.1264 reinforced that sellers remain active on rebounds Support stayed active near $0.1208-$0.1220, keeping the market from unraveling SHIB slid to $0.000007165 after breaking the $0.00000717-$0.00000718 floor Selling accelerated during the drop from the $0.00000722-$0.00000725 resistance zone toward $0.00000707 support What traders should know This is still a technical market, not a headline market. DOGE is trading off clean levels, and $0.122 is the line that...

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