Dogecoin News Today: Bullish Patterns Signal Possible DOGE and SHIB Rally Amid Fading Bear Pressure
Dogecoin (DOGE) and Shiba Inu (SHIB) have shown signs of stabilization and potential recovery in recent market activity, signaling a gradual return of bullish sentiment. Both dog-based meme coins rebounded from key support levels, with DOGE trading above $0.223 and SHIB hovering near $0.000012 as of Thursday. Derivatives data, including positive funding rates, indicates weakening bearish pressure, reinforcing optimism among traders. According to CoinGlass, the funding rate for DOGE reached 0.0086%, while SHIB’s was at 0.0088%, both of which historically precede sharp price rallies when positive spikes occur. This shift in sentiment is reflected in broader technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), which suggest fading bearish momentum [2].
Technical analysis further supports the case for a potential rally in DOGE and SHIB. Dogecoin , currently trading at around $0.22, has formed multiple bullish patterns, including a rounding bottom, cup-and-handle, and symmetrical triangle. Analysts like Zeinab from X have highlighted that these structures often precede substantial price recoveries. A clean breakout above $0.29 could unlock higher resistance levels, with some analysts projecting a movement toward $0.38 or even $0.80 by Q4 2025. The critical $0.20–$0.25 price range remains a key determinant for the next move, with support between $0.19 and $0.20 considered essential for maintaining momentum [3].
Shiba Inu’s technical outlook is also cautiously optimistic. The token has found support near $0.000011 and has since recovered to $0.000012, with the RSI approaching the neutral 50 level, a sign of waning bearish pressure. If SHIB can continue its upward trajectory, it may reach its 200-day EMA at $0.000014. Sustaining this recovery will depend on the RSI surpassing the 50 threshold and maintaining above it. Conversely, a breakdown below $0.000011 could trigger further declines [2].
Despite these signs of strength, analysts have tempered expectations for both tokens. Recent reports have noted reduced trading volume and unclear long-term utility, casting doubt on the sustainability of rallies for DOGE and SHIB. Some experts have adjusted their price targets, forecasting only modest gains rather than the explosive movements seen in previous cycles. For instance, Shiba Inu is expected to trade between $0.000014 and $0.0000175, while Dogecoin’s price projections range from $0.28 to $0.48, with lower-end forecasts indicating possible pullbacks [4].
The broader market environment also plays a role in shaping the prospects of these meme coins. Both DOGE and SHIB remain highly correlated with Bitcoin and Ethereum . Analysts have noted that any significant move in BTC and ETH could influence DOGE’s performance, as it often follows the lead of larger cryptocurrencies. Additionally, speculation about a potential Dogecoin ETF approval by the U.S. SEC could provide a much-needed catalyst for institutional adoption and increased liquidity. However, this remains speculative and has not yet materialized [3].
In conclusion, while DOGE and SHIB have shown resilience in the face of recent market volatility, their future trajectories depend on a combination of technical resilience, market sentiment, and broader crypto market dynamics. If these coins can maintain key support levels and capitalize on favorable sentiment, they could see renewed bullish momentum. However, any failure to hold critical levels may result in further corrections. Investors are advised to remain cautious and monitor developments closely as the market continues to evolve.
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