Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are approaching critical support levels after extending their recent declines, according to market analyst Ali Charts. DOGE has lost roughly 40% since September 22, SHIB has dropped approximately 34%, and PEPE is testing a major trendline — all while U.S. spot Dogecoin ETFs have recorded no activity since October 13. The declines have continued through mid-November, bringing each asset within range of widely watched technical levels, the price zones traders commonly use to judge whether a downtrend is holding or extending.

DOGE and SHIB Approach Channel Support

According to Ali Charts in a post on X, Dogecoin has fallen from $0.10 to approximately $0.06, bringing the token close to the lower boundary of a descending channel near $0.059. A descending channel is a pattern in which price moves between two downward-sloping parallel lines, with the lower boundary often treated as a reference area for potential stabilization. The analyst indicated that if buyers defend that level, DOGE could see a possible recovery toward $0.074, while a breakdown could expose it to another decline toward $0.04.

Shiba Inu has also registered substantial losses, correcting roughly 34% on its three-day chart. Ali Charts identified $0.0000041 as the immediate support level to watch. Holding that level could open a recovery toward $0.0000051, while losing it could expose SHIB to $0.0000033 and potentially $0.0000027.

PEPE Tests Its Symmetrical Triangle

Unlike DOGE and SHIB, PEPE has recorded a smaller decline during the recent sell-off, but the token is now testing the lower trendline of a symmetrical triangle on its daily chart. Symmetrical triangles form when a price range compresses between converging trendlines, and the boundaries are typically where traders look for the range to resolve. Ali Charts described the trendline as an important level for the asset. A successful defense could support a rebound toward horizontal resistance near $0.0000054, whereas a breakdown could shift attention toward $0.0000032.

The analyst noted that all three meme coins need buyers to defend their respective support structures.

Dogecoin ETFs Record No Activity Since October

In a separate development, U.S. spot Dogecoin ETFs have recorded no activity for approximately one month. The two products reported combined net outflows of $138,570 on October 13, and neither fund has registered daily inflows or outflows since then. Daily flow figures are a standard yardstick for investor demand in spot crypto ETFs, and with no entries logged since mid-October, the products' cumulative net inflow total has remained static since that date.

Despite Dogecoin's prominence among meme coins, investor activity in these products remains limited. According to data from SoSoValue, the ETFs have accumulated just $15.05 million in cumulative net inflows since launching in November 2025.