🔥 Rough week for meme coins! Both Dogecoin and Shiba Inu have slid over 10% 📉 amid rising geopolitical tensions between Israel and Iran.

💣 Market fears surged as the conflict escalated, sending oil prices up and sparking inflation worries. This, in turn, weighed on risk assets like DOGE & SHIB.

📊 Derivatives data shows traders leaning bearish — with open interest and volume down for Dogecoin and Shiba Inu derivatives, and a spike in short positions.

👀 But not all hope is lost:

Analyst Trader Tardigrade says DOGE may have hit a bottom and could rally past its ATH 📈

InvestingHaven spots resilience in SHIB’s support zone, hinting at a reversal

Will the meme coins bounce back? Or is this just the start of deeper losses?

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#Dogecoin #ShibaInu #CryptoMarket #MemeCoins #bitinsider