Dogecoin, Shiba Inu Slide 5% Despite Rising Burn Rates, Whale Accumulation: What’s Going On?
Posted On March 18, 2025
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are struggling despite positive on-chain metrics and technical buy signals.
While SHIB’s burn rate is soaring and DOGE whales are accumulating, broader market sentiment remains cautious.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.1645 | $24.4 billion | -4.3% | +1.1% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001233 | $7.3 billion | -4.4% | +4.1% |
| Pepe (CRYPTO: PEPE) | $0.056781 | $2.9 billion | -4.2% | +11.6% |
Trader Notes: Crypto analyst Ali Martinez noted that the TD Sequential indicator is flashing a buy signal for DOGE on the 3-day chart, suggesting a bounce is imminent.
Trader Tardigrade pointed out that Dogecoin’s Stochastic RSI indicates the downtrend may be ending, with $1 as a potential target.
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