Dogecoin and Shiba Inu broke the critical support level.

Dogecoin and Shiba Inu fell below significant technical levels due to increasing selling pressure. This situation highlighted the weak performance of meme coins.

The decline in Ethereum has intensified the selling pressure on meme coins. Investors often use Ethereum as a risk indicator for alternative coins.

The overall state of the cryptocurrency markets remains stable. This indicates that the weakness is confined to speculative assets.