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Dogecoin and Shiba Inu endured another volatile session as both memecoins traded through sharp, high-velocity swings. Dogecoin staged a strong rebound from a heavy-volume flush, while Shiba Inu broke through key support before snapping back in an aggressive intraday reversal.
The broader crypto market remained in a risk-off posture, weighed down by renewed concerns over an AI-driven bubble, roughly $800 million in Bitcoin ETF outflows, and tightening liquidity across speculative assets. With sentiment depressed and macro uncertainty elevated, meme-assets were particularly vulnerable to abrupt volatility spikes.
Large-holder activity also diverged meaningfully. Dogecoin benefitted from rising institutional accumulation after two weeks of concentrated whale buying, while Shiba Inu faced intensified retail-driven selling before bargain hunters stepped in at session lows. No major token-specific catalysts were present, though traders continued to monitor ETF-related flows and whale positioning as key sentiment indicators.
DOGE Price Action
Dogecoin rose 3.0% to finish at $0.1641, recovering from an early-session drop to $0.1551.
- Volume surged to 613M, roughly 186% above its daily average of 214M.
- A breakout above $0.1640 established a fresh ascending intraday trendline.
- Prices consolidated between $0.1638–$0.1643 into the close.
The rebound formed a series of higher lows, signaling a bullish momentum shift despite persistent weakness across the wider market.
SHIB Price Action
Shiba Inu slipped 2.0% from $0.000009233 to $0.000009045, after losing daily support at $0.000009240.
- A heavy 08:00 GMT selloff pushed volume to 412.35B tokens, about 67% above normal levels.
- SHIB fell to $0.000008975 before snapping back sharply.
- A V-shaped reversal toward $0.000009082 printed on 32.34B hourly volume.
The recovery reclaimed short-term resistance at $0.000009060, offering tentative stability while the broader downtrend remains intact.
Technical Breakdown
Dogecoin (DOGE)
Support & Resistance
- Major support: $0.1551
- Near-term support: $0.1638–$0.1640
- Resistance levels: $0.1650, then $0.1680
Volume
- Peak 613M spike validates institutional accumulation
- Sustained recovery volumes indicate active demand
Structure
- Ascending intraday trendline remains intact
- Higher-lows sequence reinforces bullish short-term momentum
Shiba Inu (SHIB)
Support & Resistance
- Key support: $0.000009020 (triple-tested)
- Resistance: $0.000009240, followed by $0.000009307
Volume
- Breakdown volume: 412.35B (+67%)
- Recovery marked by consistently elevated flows from 02:10–02:12
Structure
- Daily downtrend unchanged (lower-highs continue)
- Hourly V-reversal suggests short-term stabilization
What Traders Need to Know
DOGE and SHIB are showing contrasting short-term setups despite sharing the same macro headwinds.
Dogecoin leans bullish in the near term. A breakout above $0.1650 could unlock further upside, while losing $0.1620 risks a pullback into the $0.1600–$0.1580 support band. Continued whale accumulation in the $0.155–$0.161 zone remains a constructive signal.
Shiba Inu sits at a tactical inflection point. A decisive reclaim of $0.000009240 is needed to confirm stabilization. A drop back below $0.000008975 would open the door to a deeper decline toward the mid-$0.00000870 region. The sharp intraday reversal improves the short-term outlook, but the daily structure remains fragile until resistance levels are retaken.
Overall, DOGE shows clear intraday bullish rotation, while SHIB requires confirmation before any trend reversal can be trusted.
