Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are consolidating in tight ranges after sharp selloffs, with no clear catalyst to break them out.
Dogecoin: Consolidating After Yesterday’s 7% Drop
DOGE is stuck between $0.1175 and $0.1287 after dropping 7% yesterday from $0.1260 to test support near $0.1175.
Buyers stepped in at that lower level and pushed the price back toward $0.1250.
DOGE is now sitting just above the 0.5 Fibonacci retracement at $0.1232 and attempting to reclaim the 0.618 level near $0.1244.
The hourly RSI reads 56.20, showing neutral momentum with slight bullish bias after recovering from oversold conditions during yesterday’s selloff.
