![](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/financiera-comercial-grafico_Large.jpg)
Dogecoin price shows a lack of momentum despite its competitor, Shiba Inu, rising over 200% in roughly a week. Moreover, the overall bearish structure of the market also indicates that DOGE could be due for a correction.
Bitcoin supply shocks have historically pushed the asset’s price higher. Bitcoin’s previous rallies have been triggered by a drop in supply across exchanges and a spike in whale accumulation.