Recently, there has been active growth in the popular cryptocurrencies DOGE and SHIB amid changes in the market situation. These movements are attracting the attention of analysts and investors.
DOGE and Its Growth
Dogecoin recently surged past the crucial $0.165–$0.167 resistance zone, now trading around $0.167. This marks nearly 2% in gains alongside increased trading volumes. Technical analysts project potential targets around $0.185–$0.20 if bullish momentum continues. Interestingly, DOGE’s price trajectory has become increasingly correlated with Bitcoin, reducing its historical reliance on Elon Musk-driven hype. Crypto analysis group Galaxy Research even suggests DOGE might test the symbolic $1 threshold by 2026, driven more by underlying crypto fundamentals than meme-based enthusiasm.
SHIB Shows Signs of Recovery
Shiba Inu is displaying signs of bullish recovery, trading near $0.00001175, about 15% above its recent lows. This perception is largely attributed to a clear double-bottom chart pattern. Indicators like MACD and RSI support this bullish setup. Crypto influencer creepy_cyborg recently suggested that despite significant whale sell-offs, SHIB could see a rally of up to 52%. However, SHIB’s continued bullish momentum heavily relies on sustained retail interest, as on-chain data indicates whales are currently offloading significant amounts of SHIB.
Influence of Exchanges and Crypto Influencers
Movements in DOGE and SHIB are closely watched on major centralized exchanges like Binance and decentralized platforms like ShibaSwap. Influencers such as Lark Davis have highlighted these recent market shifts on platforms, adding fuel to short-term speculative momentum.
Thus, the current state of DOGE and SHIB in the crypto market shows significant changes, both in price dynamics and in relationships with other cryptocurrencies like Bitcoin. These trends will be studied by investors moving forward.
