Dogecoin, Shiba Inu At Critical Support—Break These Levels And It Gets Ugly
Posted On March 12, 2026
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) both are hovering near critical support levels after 58-60% declines from highs as descending channels trap price and money flow turns deeply negative.
DOGE Tests $0.09 Floor
Dogecoin dropped roughly 60% over five months from $0.23 in October 2025 to current levels.
A descending channel has guided price lower since October, with every bounce sold and every rally failing at the upper boundary.
The Supertrend indicator at $0.109 flashes red. When all moving averages sit above price and slope down, sellers control every timeframe.
Volume dried up 25.5% to $2.86 billion. Lower volume during a downtrend signals fewer buyers …
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