Dogecoin (CRYPTO: DOGE) plunged 4% while Shiba Inu (CRYPTO: SHIB) fell 2% on Tuesday, with both meme coins accelerating lower after breaking critical support levels.
DOGE’s $0.08 Target
Dogecoin broke below the $0.10 psychological level, a significant technical failure.
The Supertrend at $0.11958 confirms bearish momentum, while the Parabolic SAR at $0.10544 sits above price as resistance.
Moreover, DOGE pushes toward the lower boundary of its channel, suggesting selling pressure intensified.
Horizontal support appears around $0.08, where buyers previously stepped in, though the violent decline suggests strong downward momentum.
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