Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000
Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets.
AI Summary
Dogecoin and Shiba Inu each fell about 9% as bitcoin slid toward $60,000, with selling heaviest in speculative memecoins and both tokens breaking key support levels. Heavy volume and liquidations overwhelmed support, and technical signals point to further downside unless buyers reclaim lost levels. Despite the selloff, both tokens showed conflicting signals with sizeable exchange outflows normally associated with accumulation.