DOGE, SHIB price news: Dogecoin, shiba inu dive 9% as bitcoin nears $60,000
Memecoins led crypto’s recent risk-off move as bitcoin slipped toward $60,000. DOGE and SHIB each fell about 9%, with selling strongest in speculative assets and altcoin liquidations widening. Derivatives positioning turned defensive: DOGE futures open interest fell and SHIB open interest stayed near cycle lows. DOGE dropped from $0.0891 to $0.0830 and broke the ascending channel that had supported it since February, shifting focus to lower support near $0.067. Key support is $0.0819, while $0.0883 is now resistance. SHIB fell from $0.000004997 to $0.000004630, losing support near $0.000004780 and remaining below major moving averages. Next support is around $0.000004575, with $0.000004500 below that and $0.000004780 now resistance. Both tokens showed exchange outflows, but price action stayed bearish, with sellers dominating volume and no clear durable reversal despite oversold signals.
