AltcoinsMarkets
|3 min ReadDOGE and SHIB Face Deeper Slide as Traders Turn Bearish
Maya Chen
Senior Analyst
Published
Jan 16, 2026
Traders pull back as open interest drops sharply
Dogecoin and Shiba Inu are both trading lower this week, sinking under 0.0000099. The dogs are tired. Traders turned cautious, betting prices could fall even more. Market data from CoinGlass shows open interest collapsing — a clear sign of fading excitement.
Dogecoin’s futures open interest fell to 173,460, the weakest since March. When open interest dries up, so does conviction.
CoinGlass also shows more traders are betting against both tokens. The long-to-short ratio for DOGE stands at 0.85 and for SHIB at 0.87, signaling heavier short exposure and deepening bearish bias.
DOGE bears eye $0.181 as key support
Dogecoin briefly bounced from 0.194 on Tuesday. The technical picture looks weak. The daily RSI sits near 40, below neutral, and the MACD stays in a bearish crossover. Momentum is slipping.
If sellers stay in control, DOGE could retest that 0.220.
SHIB struggles to hold ground below $0.0000099
Shiba Inu saw a short-lived weekend rebound after Friday’s steep fall. Now it’s sliding again, trading under 0.0000092. Like Dogecoin, Shiba’s RSI and MACD both point south, showing the same lack of momentum.
If the token manages to bounce, the first real resistance lies near $0.000010. Until then, both meme coins remain in the doghouse — tired market, tired traders, and not much bark left.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.