Dogecoin and Shiba Inu Face Turbulence

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 12 2026

DOGE+0.432%

TON+4.01%

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Dogecoin's Technical Breakdown: Dogecoin's price has fallen below a critical support level, currently hovering around $0.085, indicating weakened buyer confidence in the short term, which may further deteriorate its market structure.
Shiba Inu's Ongoing Decline: Shiba Inu has experienced extensive declines over recent weeks, failing to break through vital technical milestones, reflecting diminishing investor trust and speculative interest, with potential financial risks if current bases cannot hold.
Cautious Market Sentiment: While Dogecoin and Shiba Inu face significant pressure, other major altcoins like Toncoin and Ethereum show relative stability, with Toncoin maintaining support in the $1.50 to $1.55 range, indicating a divergence in market performance.
Technical Rebound Dependent on Resistance: For Dogecoin to regain upward momentum, it must reclaim the $0.10 zone, which now serves as a major resistance level, and any rebound towards this area could attract renewed selling pressure.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0722	0.077	0.0813	0.0861	0.0904	0.0952	0.0995
Fibonacci	0.077	0.0805	0.0826	0.0861	0.0896	0.0917	0.0952

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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