Dogecoin and Shiba Inu: A Rocky Road Ahead

Dogecoin (DOGE) and Shiba Inu (SHIB) are both in a tough spot right now. DOGE saw a big drop, with $39. 29 million leaving the market in just one day. This is the biggest single-day loss in a while. It's not looking good. Both coins are struggling to hold their ground. DOGE has been going down for a while. It's lost almost half its value since September. Big investors are selling, and there's no one buying. The price keeps bouncing up and down but can't stay up. It's stuck between $0. 12 and $0. 15. If it falls below $0. 12, things could get worse. On the other hand, if it can break above $0. 15, that would be a surprise.SHIB is also in a bad way. It's down 1. 5% today and has lost more than half its value since August. It's barely holding on to a support zone. If it breaks below $0. 00000754, it could drop even further. Like DOGE, SHIB is stuck in a downtrend. Every time it tries to go up, it gets sold off. Both coins are trading below their key moving averages. This means the trend is down, and there's no sign of a turnaround yet. The market is in a bearish mood, and these meme coins are feeling the heat.