Dogecoin and Shiba Inu Falling on Tuesday, as Bitcoin Finds Itself Trading Back Below $90,000

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are both down on Tuesday evening, as Bitcoin trades back below $98,000.

Trader Notes:

Crypto chart analyst Ali Martinez highlighted a sell signal on DOGE’s daily chart, anticipating a potential price correction.

The TD Sequential indicator presents a sell signal on the #Dogecoin $DOGE daily chart, anticipating a price correction.

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More Crypto Online observed Dogecoin has dipped below upper micro support.

A drop to $0.30 is possible before a potential rally, which could present a buying opportunity.

Benzinga's technical analysis shows SHIB’s Relative Strength Index (RSI) at 66.6, indicating strong bullish momentum but approaching overbought territory.

An RSI near 70 often hints at a possible correction as upward pressure wanes.

Statistics:

IntoTheBlock data shows Shiba Inu large transaction volume spiking by 37.3% and transactions greater than $100,000 having increased from 82 to 113 in a single day.

Around 51% SHIB holders are in profit, while 43% are underwater.

Shibariumscan data shows Shiba Inu's Layer-2 network maintaining over 4.7 million daily transactions since early 2025.

Shibburn reports a significant burn of 21.09 million SHIB in a single transaction.

Community News:

Whale Alert data shows 1.64 trillion SHIB, valued at $39 million, was transferred from Crypto.Com to an unknown wallet.

A 70.08 million DOGE transfer, valued at $27 million, was initiated on Jan. 7 by a mysterious whale from an unknown blockchain address.

The Shiba Inu community announced the upcoming launch of the TREAT token on Jan.14, promising to revolutionize the SHIB ecosystem.