Investors of Dogecoin and Shiba Inu are optimistic about a crypto bull run and 12x return potential. We explore current market conditions and prospects for these meme coins.
Dogecoin Faces Resistance
Since mid-February, Dogecoin has dropped 35% to below $0.20. Despite numerous attempts, it has not been able to recapture $0.25, indicating a lack of bullish momentum. Analysts like Ali Martinez believe DOGE could rebound if it holds its $0.16–$0.19 support zone. However, significant whale accumulation, broader meme coin momentum, and major news like the approval of spot Dogecoin ETFs would be required for a notable rally. Without these conditions aligning, the route to a 12x return looks exceedingly uncertain.
Shiba Inu's Recovery Prospects
SHIB is trading at $0.00001453, up 5% on the day, after news that Ethereum's US Crypto Reserve membership could benefit related projects. Recent weeks have seen market uncertainty and investor fatigue cause a 23% slump in SHIB. Trump's planned cryptocurrency meeting on March 7 may provide fresh bullish momentum, but SHIB would need a significant increase in buying volume to hit new highs. According to CoinCodex, SHIB might increase by 187% to $0.00004345 by August 2025; however, a full 12x rally would require an industry-wide bull run, which remains speculative.
Verdict: Dogecoin and Shiba Inu Outlook
While both meme coins have dedicated communities and potential catalysts, their current price action and resistance levels make a 12x rise soon improbable. Dogecoin must recoup $0.25 and breach critical resistance levels, whereas Shiba Inu needs increased market momentum. This leads investors to seek assets with a more realistic path to 12x growth.
Dogecoin and Shiba Inu have potential growth catalysts, but current circumstances and market environment make a 12x return challenging in the near term. Investors might consider other assets with a more realistic growth outlook.
