Meme coin collective correction: Dogecoin faces risk of breaking below, whale holdings show clear divergence

SerumDegen · 2026-01-01T07:00:10+00:00

This week's meme coins performed poorly, with Dogecoin dropping over 4%, while whales increased their holdings. Shiba Inu and Pepe coins were reduced by large investors, leading to increased selling pressure. Technical analysis shows that Dogecoin is facing support level pressure and needs new buying signals in the short term.

SerumDegen

2026-01-01 07:00:10

Abstract generation in progress

【CryptoWorld】 Meme coins are a bit underperforming this week. Dogecoin dropped over 4%, Shiba Inu and Pepe also couldn’t hold up, and the entire sector is under pressure.

From on-chain data, the situation is quite interesting. Dogecoin whales are increasing their holdings, which have surged to 35.86 billion coins, but in contrast, large holders of Shiba Inu and Pepe are reducing their positions, adding significant selling pressure to the market.

The technical outlook is even less optimistic. Dogecoin is currently stuck at the $0.1111 support level. If it breaks below, it may continue to decline to $0.0950. The RSI has entered oversold territory, and the MACD is showing a bearish trend. Although Shiba Inu and Pepe occasionally bounce back, their momentum is limited and lacks sustainable upward energy. The key resistance levels are at $0.00000775 and $0.00000424, respectively.

Overall, in the short term, these three meme coins are still in a correction phase, and we need to wait for new buying signals to emerge.

DOGE4,69%

SHIB4,12%

PEPE8,44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
4
Repost
Share

Comment

0/400

Fren_Not_Food

· 9h ago

Whales are increasing their holdings of Dogecoin, so I feel reassured. This wave should stabilize.

View OriginalReply0

OnchainGossiper

· 9h ago

Are Dogecoin whales still adding to their positions? Are they trying to bottom out or are they digging a trap? I really can't understand.

View OriginalReply0

ShadowStaker

· 9h ago

whale accumulation on doge while shib/pepe holders dumping... classic divergence setup. tbh the 0.1111 support looks fragile, but let's see if those whales actually have conviction or just moving bags around again. memecoin mechanics are basically validator attrition in slow motion—concentration without resilience.

Reply0

SandwichTrader

· 9h ago

Dogecoin whales are increasing their holdings, while retail investors are taking losses. This wave truly highlights the divide between retail investors and major whales.

View OriginalReply0