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Dogecoin and Shiba Inu plunge 8%, breaking key supports amid heavy selling pressure.

Technical Signals
05 Jun 2026, 23:54 WIB
Benzinga
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Bearish
Dogecoin and Shiba Inu plunge 8%, breaking key supports amid heavy selling pressure.

Dogecoin and Shiba Inu each dropped about 8%, breaking important support levels on heavy volume, signaling strong selling pressure. Dogecoin fell to $0.0830, hitting a key support at $0.080, while Shiba Inu broke below $0.000004780 with no clear support below current prices. Despite the selloff, exchange outflows suggest some accumulation. Dogecoin's RSI indicates it is oversold and may bounce if it holds $0.080, but Shiba Inu remains in a bearish pattern with no immediate floor, risking further declines unless it recovers above $0.00000544.

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