The crypto market was in turmoil last week, and top memecoins like Dogecoin [DOGE] and Shiba Inu [SHIB] were among the most affected.
The drop in these top memecoins’ prices also resulted in a sharp decline in their dominance. Does this mean a further price plummet for these coins?revealed that these two top memecoins witnessed double-digit price declines last week.
Additionally, their social volumes also spiked, suggesting that investors at large were talking about Shiba Inu and Dogecoin.We then took a look at DOGE’s daily chart to find out what to expect from the memecoin. As per our analysis, DOGE’s Relative Strength Index registered an uptick after touching the oversold zone.
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