Breaking news! Dogecoin and Shiba Inu may face a significant drop? 💥🚨 Come and check out these key indicators!

Dogecoin (DOGE) and Shiba Inu (SHIB) have been continuously declining over the past week, hovering around $0.172 and $0.000012, respectively. Both have negative financing rates, indicating that more investors are betting on these two meme coins continuing to fall, and technical indicators also suggest a pullback is imminent. The target prices for DOGE and SHIB are $0.157 and $0.000011, respectively.

On-chain indicators are signaling a bearish trend.

According to Coinglass data, the financing rates for DOGE and SHIB are negative, indicating that shorts are dominant and market sentiment is bearish. Additionally, the number of daily active addresses for Dogecoin has been continuously declining since mid-March, showing weakened network demand, which may exacerbate downward price pressure.

Dogecoin technical analysis: Bulls struggle to break resistance.

Since April 25, Dogecoin's price has failed to break the key resistance level of $0.181, with prices hovering around $0.172 on Monday. If $0.181 remains strong resistance, Dogecoin may continue to decline, targeting $0.157. Meanwhile, the RSI and MACD indicators also show bearish signals.

Shiba Inu's outlook is concerning, and the risk of a pullback is increasing.

Shiba Inu's price has also faced downward pressure since April 26, currently around $0.000012. If the price fails to break through the resistance level of $0.000014, it may continue to pull back, targeting $0.000011. Both the RSI and MACD indicators show bearish signals.

Overall, both Dogecoin and Shiba Inu face downside risks, and investors should proceed with caution! #狗狗币崛起 #柴犬币 #加密市场回调