Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have crashed 11%, with Bitcoin’s (CRYPTO: BTC) collapse triggering panic selling across meme coins.

The Capital Flight From DOGE

Spot data shows a massive $29.67 million outflow from Dogecoin on Thursday—one of the largest single-day outflows in months. 

The netflow pattern shows predominantly red bars with persistent distribution, indicating sustained lack of buyer interest.

The $0.10 break is devastating. This psychological level had been defended multiple times, but the breakdown signals capitulation. 

DOGE now tests the lower boundary of its descending channel around $0.09.

Moreover, all EMAs sit above price: 20 EMA at $0.11597, 50 EMA at $0.12799, 100 EMA at $0.14462, and 200 EMA at $0.16696. The Supertrend at $0.12000 flashes bearish.

If $0.09 fails, DOGE faces a rapid decline toward $0.07-$0.08—representing another 15%-20% downside.

SHIB’s Catastrophic Breakdown

Shiba Inu broke through critical support at $0.0000086. 

The token now tests $0.000006 psychological support under extreme pressure.

A breakdown below $0.000006 triggers panic selling toward $0.000005 or lower. 

All EMAs sit above price: 20 EMA at $0.00000727, 50 EMA at $0.00000778, 100 EMA at $0.0000085, and 200 EMA at $0.00000989.

The RSI at 25.70 shows SHIB approaching deeply oversold territory but hasn’t reached extreme levels yet.

The Bitcoin Contagion

Bitcoin crashed 10%, breaking below the 1,000-day EMA for the first time since 2023—a critical long-term support that historically marks the dividing line between bull and bear markets.

Meanwhile, capital rotated into AI stocks and precious metals, draining liquidity from crypto.

The 1,000-day EMA break typically precedes extended consolidation or deeper declines, removing any near-term support for speculative altcoins and memecoins.

The meme coin collapse reflects Bitcoin’s broader breakdown.

With BTC breaking critical support and experiencing $1.5 billion in outflows, speculative assets face the harshest selling pressure.

Image: Shutterstock

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