Price Action of Dog Memecoins Dogecoin, Shiba Inu Muted Amid Thin Holiday Liquidity
Global Markets | December 28, 2025
By Vagabond Tech Desk | The Vagabond News
Price action in leading dog-themed memecoins remained subdued through the holiday period, with Dogecoin and Shiba Inu trading in narrow ranges as reduced market participation drained liquidity across the crypto complex.
Market data showed both tokens struggling to establish momentum, reflecting a broader slowdown in speculative trading as institutional desks and retail investors largely stayed on the sidelines during the year-end break.
Low Volumes, Limited Volatility
Dogecoin, the original memecoin by market capitalisation, moved sideways with modest intraday swings, while Shiba Inu mirrored the pattern, posting marginal gains and losses that failed to break recent technical ranges.
Analysts attributed the muted action primarily to thin holiday liquidity, a period when lower volumes tend to exaggerate moves but can also suppress follow-through when conviction is lacking.
“Liquidity is patchy right now,” a crypto derivatives trader said. “Without volume, even meme-driven assets like DOGE and SHIB struggle to trend.”
Macro Signals Take a Back Seat
Unlike earlier periods when memecoins rallied on social-media momentum or high-profile endorsements, recent sessions have shown little reaction to broader crypto headlines. Bitcoin and ether have also traded quietly, removing a key directional cue for high-beta tokens such as dog memecoins.
Options data suggests traders are pricing in limited near-term volatility, with implied vols drifting lower into the end of December.
Technical Levels in Focus
From a technical standpoint, both Dogecoin and Shiba Inu remain trapped between short-term support and resistance levels established earlier this month. Traders said a decisive breakout is unlikely until normal liquidity returns in early January, when macro data, ETF flows, and regulatory developments are expected to re-enter focus.
What Comes Next
Market participants expect activity to pick up after the holidays, with memecoins likely to regain sensitivity to risk sentiment, Bitcoin direction, and renewed retail participation.
Until then, analysts caution that price moves may remain choppy and unreliable.
“In holiday markets, absence of movement is itself the signal,” one analyst said.
Leave a Reply