Dogecoin (DOGE) and Shiba Inu (SHIB) decline on Tuesday amidst bearish on-chain metrics, as seen on Santiment.
Dogecoin takes a hit amidst bearish on-chain metrics, a decline in active addresses and transaction volume. Shiba Inu suffers decline in price as supply on exchanges rises by 1.39 trillion, on-chain activity lags. Bonk added nearly 5% value on Tuesday amidst low volume, slight increase in social dominance. Dogecoin and Shiba Inu decline on Tuesday amidst bearish on-chain metrics, as seen on Santiment. On the other hand, Bonk price rallies amidst bullish technical indicators on its daily chart.
decreased, as seen on Santiment. On-chain metrics like active addresses and transaction volume are used to track user activity in an asset, and social dominance measures the share of an asset’s discussions among crypto discussions on social media platforms like X. could sweep liquidity at $0.1475, the May 19 and 20 lows region. However, if Dogecoin sees a daily candlestick close above the $0.1744 level, it could invalidate the bearish thesis. On the
. daily chart Shiba Inu wipes out nearly 3% of its value on Tuesday, amidst bearish on-chain metrics and bullish technical indicators. Bonk sees rise in social dominance, decline in volume Bonk has noted a divergence in its on-chain metrics, as while volume is on a decline, there is an increase in social dominance.
could extend gains and retest its March 4 peak of $0.000048, more than 15% away from the current price. The meme coin’s momentum indicator MACD on the daily time frame supports a bullish thesis. The RSI shows
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