Dogecoin (CRYPTO: DOGE) dropped 5% on Monday as Shiba Inu (CRYPTO: SHIB) fell only 0.5% thanks to a massive burn spike cushioning SHIB’s decline.

DOGE Retesting 0.5 Fibonacci Support

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Dogecoin pulled back to $0.1039, retesting the 0.5 Fibonacci level at $0.1037 which has acted as a pivot zone for weeks.

Price tagged the 0.786 Fib at $0.1173 last week before sellers defended, and now it’s unwinding back to the midpoint.