Dogecoin and Shiba Inu experienced another turbulent trading session marked by sharp whipsaws, yet the two assets took distinctly different paths. Dogecoin snapped back forcefully after a heavy-volume selloff, while Shiba Inu briefly slid through a major support zone before ripping higher in an abrupt intraday reversal.
The broader crypto market remained on its back foot, pressured by worries of an overheated AI sector, roughly $800 million in outflows from Bitcoin ETFs, and a continued squeeze on liquidity across high-beta tokens. Under these conditions, memecoins again proved highly sensitive to sudden volatility shocks.
Investor behavior further highlighted the divergence. Dogecoin continued attracting large-holder accumulation after weeks of consistent whale buying, whereas Shiba Inu saw heavy retail-driven selling before bargain hunters stepped in at the lowest levels of the session. There were no major token-specific developments, though traders kept a close eye on ETF flows and whale activity for directional cues.
Dogecoin (DOGE) Market Performance
DOGE ended the session up 3.0%, closing at $0.1641 after a deep intraday dip toward $0.1551.
Key takeaways:
- Trading volume surged to 613M, nearly double its average.
- Reclaiming the $0.1640 region helped establish a new intraday uptrend.
- Price action stabilized within a tight $0.1638–$0.1643 band late in the day.
The sequence of higher intraday lows confirmed a clear rotation in momentum, even as broader market sentiment remained weak.
Shiba Inu (SHIB) Market Performance
SHIB slipped 2.0%, moving from $0.000009233 to $0.000009045 after losing key daily support at $0.000009240.
Notable intraday dynamics:
- A large 08:00 GMT selloff pushed volume to 412.35B tokens, about 67% above average.
- SHIB bottomed at $0.000008975 before snapping into a violent V-shaped reversal.
- A rebound to $0.000009082 formed on 32.34B hourly volume, lifting the token back above near-term resistance at $0.000009060.
While this recovery improved short-term stability, the broader downtrend has yet to show signs of breaking.
Technical Picture
Dogecoin
- Strong support: $0.1551
- Short-term support: $0.1638–$0.1640
- Resistance zones: $0.1650 and $0.1680
- Trend: Higher lows and an intact ascending structure point to improving upside momentum
Shiba Inu
- Support: $0.000009020 (defended several times)
- Resistance: $0.000009240 and $0.000009307
- Trend: Daily downtrend persists; hourly V-reversal shows temporary stabilization
Strategic View for Traders
DOGE and SHIB are presenting contrasting technical setups despite facing the same macro pressures.
Dogecoin continues to lean bullish in the near term.
- A break above $0.1650 could unlock further upside.
- Failure to hold $0.1620 increases risk of a pullback toward $0.1600–$0.1580.
- Whale demand between $0.155–$0.161 continues to support the bullish case.
Shiba Inu remains in a more delicate position.
- Reclaiming $0.000009240 is essential to confirm stabilization.
- A drop back under $0.000008975 could open the door to a slide toward the mid-$0.00000870s.
- The intraday recovery is encouraging but not enough to negate the broader downtrend.
Overall, Dogecoin shows the stronger technical posture, while Shiba Inu sits at a crucial inflection point that requires further confirmation before a sustained trend reversal can be expected.
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