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Dogecoin Sees 36% Activity Spike While DOGE And SHIB Test Critical Support

cryptonews100_tggfrn by cryptonews100_tggfrn
February 9, 2026
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Dogecoin Sees 36% Activity Spike While DOGE And SHIB Test Critical Support
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Dogecoin (CRYPTO: DOGE) energetic addresses surged 36% to above 71,400 over the previous week, however the token plunged 3% to $0.10258 whereas Shiba Inu (CRYPTO: SHIB) fell 2% to $0.00000655 as each check essential assist ranges.

Dogecoin’s on-chain exercise accelerated sharply whilst worth deteriorated.

The 36% improve in energetic addresses alerts renewed community participation, however exercise development alone doesn’t assure upside.

In the meantime, Dogecoin noticed an enormous $12.71 million web outflow on February 4th in accordance with Coinglass.

The netflow sample reveals predominantly purple bars with solely few inexperienced spikes, suggesting sustained distribution.

Do not Miss:

Dogecoin collapsed by the essential $0.10 psychological assist, testing ranges not seen in months.

The Supertrend indicator sits at $0.12744 in bearish mode, nicely above present costs.

The instant hazard: The Parabolic SAR at $0.09455 sits just under present costs. A break beneath triggers panic promoting towards $0.08 or decrease. DOGE trades inside a descending channel, now testing the decrease boundary round $0.10.

Any bounce faces resistance at $0.10, adopted by $0.12615, then $0.12744.

If $0.09455 fails, the channel suggests potential draw back to $0.06-$0.07 if promoting accelerates.

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Shiba Inu broke decisively beneath $0.000007 assist, opening the door to additional draw back.

The token now checks channel assist round $0.00000650-$0.00000660.

All EMAs sit above worth: 20 EMA at $0.00000741, 50 EMA at $0.00000786, 100 EMA at $0.00000855, and 200 EMA at $0.00000993. This creates formidable resistance between $0.0000074-$0.0000099.

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Including strain, the Cash Stream Index at 30.28 signifies weak cash circulate and diminished shopping for strain.

While approaching oversold territory, the studying hasn’t reached excessive ranges beneath 20, that means additional draw back is feasible.

If present assist fails, subsequent significant assist doesn’t seem till $0.000005-$0.0000055 or doubtlessly $0.000004 on the backside channel line.

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This text Dogecoin Sees 36% Activity Spike While DOGE And SHIB Test Critical Support initially appeared on Benzinga.com



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