DOGE Jumps 9% As SHIB Strengthens Memecoin Rally

Memecoin market heats up again

In the latest trading session, DOGE spiked nearly 9%, marking its strongest move in weeks and placing it in the spotlight of the crypto community. At the same time, SHIB confirmed significant capital inflows as exchange supply dropped, fueling optimism that memecoins are entering a new growth cycle.

DOGE breaks key resistance

DOGE successfully broke above its strong resistance level near $0.254, after facing multiple rejections in previous sessions. During the rally, DOGE traded between $0.234 and $0.253, with daily volume surpassing 1 billion tokens—well above average levels. Following the breakout, DOGE consolidated around $0.252, signaling steady demand.

SHIB confirms capital inflows

SHIB gained about 6% during the same session, supported by a notable decline in exchange reserves. This trend indicates long-term investors are holding SHIB off exchanges, reducing immediate selling pressure and building a stronger base for potential upward moves.

Technical signals and bullish momentum

Technical analysis highlights that DOGE has just formed a Golden Cross, a bullish signal when short-term moving averages cross above longer-term ones. The nearest support is anchored at $0.242, with key resistance at $0.254–$0.255. If DOGE sustains its breakout above this zone, the next target could be $0.32.

For SHIB, shrinking supply on exchanges underscores accumulation by long-term holders, which historically supports prices. Together with bullish technicals, SHIB plays a central role in reinforcing memecoin market strength.

Outlook and risks ahead

In the short term, DOGE and SHIB are likely to maintain momentum if institutional inflows continue. However, investors must be cautious of potential corrections should broader market conditions shift or investor enthusiasm fade. The performance of Bitcoin and Ethereum will remain critical in shaping memecoin price action.

If DOGE holds support near $0.25 and SHIB continues to see declining exchange supply, the outlook for memecoins in the coming quarter appears constructive.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.