Both major meme assets traded through high-velocity volatility windows, with Dogecoin rebounding strongly from a flush on heavy volume, while Shiba Inu broke key support before staging an aggressive intraday reversal.
News background
Broader crypto markets continued their risk-off rotation as sentiment remained weighed down by AI bubble concerns, $800m. in Bitcoin ETF outflows and liquidity tightening across speculative assets. The weak macro backdrop left meme coins particularly vulnerable to volatility shocks.
Despite this, the behavior of large owners diverged across DOGE and SHIB. Dogecoin saw a surge in institutional accumulation after two weeks of heavy whale positioning, while SHIB faced elevated retail-driven selling before buyers stepped in aggressively at low intraday levels.
No major token-specific catalysts drove the session’s moves, although traders monitored continued ETF-related discussions and whale positioning trends as key factors in sentiment.
Price action summary
Dogecoin
DOGE climbed 3.0% to close at $0.1641, rebounding from a sharp drop in the early session that sent the price down to $0.1551.
• The volume increased to DKK 613 million. during the support test — 186% above the average of 214 million.
• Break above $0.1640 established a rising intraday trend line
• Late session trade kept DOGE in a consolidation band of $0.1638-$0.1643
The rebound produced a clear higher-lower pattern, confirming momentum rotation despite broader market weakness.
SHIB fell 2.0% from $0.000009233 to $0.000009045, breaking the daily support at $0.000009240.
• Heavy sales at 08:00 GMT rose to 412.35B tokens — 67% above average
• The price fell to $0.000008975 before reversing violently
• A V-shaped spike back to $0.000009082 printed on 32.34B hourly volume
The intraday bounce regained near-term resistance at $0.000009060, signaling stability despite the broader downtrend.
Technical Analysis
Dogecoin
Support/Resistance:
• Greater support validated at $0.1551
• New support: $0.1638–$0.1640
• Resistance: $0.1650so $0.1680
Volume:
• Top 613 million confirms institutional purchases
• Recovery sustained above baseline, signaling sustained demand
Chart structure:
• Rising trend line intact
• Higher-lower pattern reinforces bullish momentum
Shiba Inu
Support/Resistance:
• Strong support: $0.000009020 (triple defense)
• Resistance: $0.000009240so $0.000009307
Volume:
• Division: 412.35B (+67%)
• Recovery: consistent elevated flows over 02:10–02:12
Chart structure:
• Daily downtrend intact (lower highs)
• Hourly V reversal suggests stabilization in the near term
What traders should know
- DOGE and SHIB present opposite technical dynamics in the short term despite similar macro pressures.
- Dogecoin’s near-term outlook leans bullish, with continuation favored if the price clears the $0.1650 barrier, while a failure to hold $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 continue to underpin the upside. Shiba Inu, meanwhile, requires a decisive close back above $0.000009240 to confirm stabilization; a break below $0.000008975 would reveal a deeper slide towards the middle of the $0.00000870 region.
- The hourly V-shaped reversal is constructive, but the broader daily structure remains fragile until key resistance levels are regained.
- Overall, DOGE is showing bullish rotation during the day while SHIB is sitting on a tactical bend that requires confirmation before trend reversal can be assumed.
