Dogecoin Retests 12-Month Low as SHIB Struggles in January
- Dogecoin Price Action: In January 2026, Dogecoin's price fell from $0.15 at the start of the month to $0.10, marking a 55% drop from its monthly high, indicating a cooling risk appetite among investors and resulting in a retest of its 12-month low, reflecting caution in the risk asset market.
- SHIB Struggles: Despite an initial 45% rally at the beginning of January, SHIB ultimately retreated nearly 40% and hit a low not seen since June 2023 on January 31, indicating persistent selling pressure in the market, which may attract investor interest at these discounted levels.
- PEPE Coin's Slight Uptick: PEPE Coin managed to rise nearly 3% in January, breaking a streak of bearish monthly performance since August, although the overall market conditions were unfavorable; its 80% rally in early January provided support for its subsequent performance, suggesting potential market demand.
- Market Sentiment Impact: Overall, while the leading memecoins faced significant challenges under adverse market conditions, their heavily discounted prices may attract investors when sentiment shifts back towards risk-on assets, indicating potential future investment opportunities.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB 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 stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB 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 $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000296 | 0.00000402 | 0.00000527 | 0.00000633 | 0.00000758 | 0.00000864 | 0.00000989 |
| Fibonacci | 0.00000402 | 0.0000049 | 0.00000544 | 0.00000633 | 0.00000721 | 0.00000775 | 0.00000864 |
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