Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) each shed roughly 8% on Friday as Bitcoin (CRYPTO: BTC) drifted toward $60,000, with the heaviest selling concentrated in the most speculative corners of the crypto market. Both Tokens Broke Key Support On Heavy Volume With Sellers In Control Dogecoin fell from $0.0891 to $0.0830, breaking the ascending channel that held since February and landing directly on the $0.080 horizontal support, the last structural level visible on the chart.
Dogecoin, Shiba Inu Plunge 8%: Is It Over For Meme Coins?
Source: Benzinga