Dogecoin, Shiba Inu Drop Below Critical Support: What Is Going On?
Posted On February 9, 2026
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) remain hit by persistent outflows and weak bounces, suggesting that panic selling could accelerate if critical support fails.
DOGE’s Dangerous Position
Dogecoin trades at the lower Bollinger Band around $0.08727, indicating oversold conditions, but in strong downtrends price can remain pinned to this level for extended periods.
The Supertrend at $0.12154 sits firmly in bearish mode well above current prices.
DOGE saw roughly $9.5 million in negative spot netflows as of December 9th, pointing to steady distribution pressure.
Critical support sits at $0.08727-$0.09. …
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