Dogecoin and Shiba Inu broke the critical support level.

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

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

The overall state of the cryptocurrency market remains stable. This situation suggests that the weakness is specific only to speculative assets.