DOGE, SHIB Price News: Dogecoin Reclaims Trendline, Shiba Inu Tests Resistance
Dogecoin rebounded strongly while Shiba Inu tested support, showing diverging price action amidst broader market weakness.Summary
Major meme-coins Dogecoin (DOGE) and Shiba Inu (SHIB) experienced diverging price action despite general crypto market risk-off sentiment. DOGE climbed 3.0% to $0.1641 after a heavy-volume flush tested support at $0.1551, establishing a higher-lows pattern and reclaiming an ascending intraday trendline, suggesting bullish momentum supported by institutional accumulation.
Conversely, SHIB fell 2.0%, breaking daily support before staging an aggressive V-shaped intraday reversal, closing at $0.000009045. While SHIB stabilized above $0.000009060, its broader daily structure remains within a downtrend.
Technically, DOGE leans bullish if it clears $0.1650, while SHIB needs a decisive close above $0.000009240 to confirm stabilization, highlighting distinct near-term outlooks for the two assets.
(Source：CoinDesk)