DOGE Rally Pauses After 10% Jump, While SHIB Steadily Gains Ground
11/7/2025
DOGE’s impressive rally appears to be cooling off as technical indicators hint at short-term exhaustion, while SHIB continues its gradual ascent, building support near crucial resistance levels.
Market Snapshot
- DOGE surged 10.3% between July 10 at 04:00 and July 11 at 03:00, climbing from $0.180 to $0.199. Trading volume soared to 564.05M, well above the 24-hour average of 334.72M.
- The rally kicked off around 16:00, establishing solid support near $0.179. However, significant selling pressure appeared between $0.194 and $0.196.
- In the final trading hour, DOGE settled just under $0.200, as traders took profits and the price consolidated.
- Meanwhile, SHIB recorded an 8% daily gain and a 7.7% weekly increase, holding firm above key moving averages. Its steady rise in volume signals a more measured but solid uptrend.
By the Numbers
- DOGE:
- Gain: +10.3% ($0.180 → $0.199)
- Intraday range: $0.020
- Breakout time: 16:00, July 10
- Volume: 564.05M (vs. 24h average of 334.72M)
- Support zone: $0.179–$0.181 during afternoon consolidation
- Resistance zone: $0.194–$0.196 at the rally peak
- Final hour range: $0.0097, closing at $0.1984, about 0.3% below the local high
- SHIB:
- Daily rise: +8% to ~$0.00001354
- Weekly gain: +13%
- SHIB/BTC rally: +3.7% with 1.25 trillion tokens traded — nearly five times the average volume
Technical Outlook
- DOGE:
- Continues to post higher highs with strong volume, suggesting possible institutional interest.
- Faces resistance around $0.20, a key psychological and technical level.
- The pullback to $0.1976 late in the session signals short-term fatigue.
- SHIB:
- Maintains a steady climb, highlighted by a triangle breakout in the SHIB/BTC pair.
- Stays above the 50-day and 200-day moving averages, with market sentiment edging toward “Greed.”
What Traders Are Watching
- DOGE:
- Whether it can hold above $0.200 and push toward $0.215–$0.22.
- A dip below $0.194 could undermine short-term bullish momentum.
- SHIB:
- The $0.000014–$0.000015 zone as a key breakout level.
- Staying above major moving averages could open the door to $0.000016 or higher.
DOGE vs. SHIB: The Meme Coin Dilemma
- DOGE attracts traders looking for volatility and quick swings — ideal for short-term trades.
- SHIB offers steadier price action and a more reliable trend, suiting traders focused on layered entries and longer-term positioning.
- Momentum seekers may lean toward DOGE, while strategic investors might prefer SHIB’s gradual, stable progress.
Takeaway
DOGE’s recent breakout showcased strong momentum, supported by impressive volume and price structure. However, signs of near-term exhaustion are emerging. Meanwhile, SHIB continues to build a solid foundation quietly, buoyed by rising sentiment and steady ecosystem growth.
