Dogecoin Bounces Back Above Trendline, Shiba Inu Faces Resistance Test

Both major meme-assets experienced high-velocity volatility, with Dogecoin sharply rebounding from a significant flush while Shiba Inu broke key support before a strong intraday reversal.

News Background

The broader crypto market faced a risk-off rotation as sentiment was pressured by AI-bubble concerns, $800M in Bitcoin ETF outflows, and tightening liquidity across speculative assets. This weak macro backdrop left meme-coins particularly vulnerable to volatility shocks.

Notably, large-holder behavior diverged between DOGE and SHIB. Dogecoin saw an increase in institutional accumulation following two weeks of heavy whale positioning, while SHIB experienced elevated retail-driven selling before buyers stepped in aggressively at intraday lows.

No major token-specific catalysts influenced the session’s movements; however, traders kept an eye on ongoing ETF discussions and whale positioning trends as critical sentiment drivers.

Price Action Summary

Dogecoin

DOGE rose 3.0% to close at $0.1641, recovering from a steep early-session decline that pushed the price to $0.1551.
• Volume surged to 613M during the support test — 186% above the average of 214M
• A breakout above $0.1640 established an ascending intraday trendline
• Late-session trading saw DOGE consolidate within a band of $0.1638–$0.1643

This rebound created a distinct higher-lows pattern, confirming momentum rotation despite broader market weakness.

Shiba Inu

SHIB declined 2.0% from $0.000009233 to $0.000009045, breaking daily support at $0.000009240.
• Heavy selling at 08:00 GMT surged to 412.35B tokens — 67% above average
• Price dropped to $0.000008975 before reversing sharply
• A V-shaped spike back to $0.000009082 occurred on 32.34B hourly volume

The intraday recovery reclaimed short-term resistance at $0.000009060, indicating stability despite the broader downtrend.

Technical Analysis

Dogecoin

Support/Resistance:
• Major support at $0.1551
• New support: $0.1638–$0.1640
• Resistance: $0.1650, then $0.1680

Volume:
• 613M peak confirms institutional buying
• Recovery maintained above baseline, indicating sustained demand

Chart Structure:
• Ascending trendline remains intact
• Higher-lows pattern reinforces bullish momentum

Shiba Inu

Support/Resistance:
• Strong support: $0.000009020 (triple defense)
• Resistance: $0.000009240, then $0.000009307

Volume:
• Breakdown at 412.35B (+67%)
• Recovery showed consistent elevated flows across 02:10–02:12

Chart Structure:
• Daily downtrend remains intact (lower highs)
• Hourly V-reversal indicates near-term stabilization

What Traders Should Know

• DOGE and SHIB exhibit opposite near-term technical dynamics, despite facing similar macro pressures.
• Dogecoin’s near-term outlook appears bullish, with continuation favored if the price surpasses the $0.1650 barrier; failure to maintain $0.1620 risks a return to the $0.1600–$0.1580 support cluster.
• Whale accumulation and strong volume defense along the $0.155–$0.161 zone support the bullish case. Shiba Inu, on the other hand, needs a decisive close above $0.000009240 to confirm stabilization, while a breakdown below $0.000008975 would risk a deeper decline toward the mid-$0.00000870 area.
• The hourly V-shaped reversal is constructive, but the overall daily structure remains fragile until key resistance levels are reclaimed.
• In summary, DOGE shows intraday bullish rotation, while SHIB is at a tactical inflection point requiring confirmation before a trend reversal can be considered.