Are Dogecoin and Shiba Inu on the Verge of a Crash? The Future of SHIB and DOGE Prices Revealed!

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While the crypto market may be flexing its muscles, the meme coins are busy choking on their own hype. Despite the general optimism, Dogecoin and Shiba Inu seem to be losing their charm and struggling to attract the masses. The mighty meme coins are buckling under selling pressure, especially at those oh-so-important price levels. Strangely, both DOGE and SHIB have been repeatedly flirting with higher lows – and what’s that, you ask? A little bearish kiss in the air perhaps? 🐕🐾

The Struggles of Memecoins Despite a Surge in Open Interest

Now, don’t get too excited – even though open interest is climbing like a cat on a fence, both Dogecoin and Shiba Inu remain stuck in a perpetual struggle for survival. In the past week, Dogecoin’s futures open interest has surged by a staggering 78%. It’s like the coin is saying, “Hey, I’m still here!” But even Bitcoin’s major nosedive couldn’t stop this surge in Dogecoin. Open positions have shot up from $1.7 billion to a slightly more respectable $3.03 billion.

Meanwhile, over at Shiba Inu’s humble abode, the open interest has risen by more than 61%—yes, you heard that right, 61%! We’re talking about a leap from $152 million to $246 million. But despite this colossal jump in interest, there’s a twist in the plot: the prices are still dragging their feet. Not exactly the happy ending we were hoping for. 🐶💰

Dogecoin Price Analysis

Dogecoin is caught in the midst of a series of higher highs, mostly hovering around the $0.25 mark, but sellers are lurking like hawks, ready to pounce on any sign of weakness. As of now, DOGE is sitting at $0.2336, down by a modest 2.1% in the last 24 hours. Ouch!

The rally’s momentum has come to a grinding halt around $0.25, and a retreat to $0.21 is a very real possibility. But, wait – if DOGE manages to bounce back from $0.21, it might just prove that buyers are stepping in and pulling the old “buy the dip” trick. This could mean a glorious rise to $0.265, and if it breaks that barrier, watch out for $0.32!

But, if the sellers manage to breach the 20-day EMA (currently sitting at $0.231), things could turn grim, sending DOGE to the dreaded $0.20 level. Will it hold? Can the buyers step in? Stay tuned! 📉

Right now, DOGE is feeling the burn, dipping from $0.26 with next support lurking at $0.22 and $0.21. If these levels manage to hold, expect the bulls to show up fashionably late and try to push the price back above $0.26. Drama is imminent! 🎭

Shiba Inu Price Analysis

SHIB, meanwhile, is in the midst of a bearish correction below the $0.000017 mark. Sure, buyers are still hanging on, keeping the price above the EMA20 trend line, but for how long? As of now, SHIB is chilling at $0.0000158, down by 2.2% in the last 24 hours.

The RSI is now wobbling at 51, suggesting a tug-of-war between buyers and sellers. If SHIB manages to cling to its immediate support of $0.00001475, we could see a retest of $0.000017. But if it pushes through and breaks that ceiling, $0.000019 might just be within reach! 🚀

But don’t get too excited. A drop below $0.00001475 could easily put the brakes on any bullish dreams, and SHIB could consolidate around $0.00001225. Not exactly the kind of consolidation you dream of, huh? 😅

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2025-05-14 22:14