Dogecoin and Shiba Inu endured another wave of sharp intraday volatility, but the two leading memecoins diverged meaningfully in their price behavior. Dogecoin staged a strong rebound after a steep, high-volume washout, while Shiba Inu briefly collapsed through a key support zone before snapping back in an aggressive reversal.
Market conditions across crypto remained broadly risk-off as investors grappled with concerns over an overheated AI sector, nearly $800 million in outflows from U.S. Bitcoin ETFs, and tightening liquidity across speculative assets. These factors left memecoins especially vulnerable to abrupt swings.
Large-holder flows added another layer of contrast. Dogecoin continued attracting institutional accumulation after weeks of sustained whale positioning. In contrast, Shiba Inu saw heavy retail-driven selling before opportunistic buyers stepped in at the session’s lows. No token-specific news triggered the moves, though traders kept close watch on ETF flows and whale activity as the main sentiment cues.
Dogecoin (DOGE) Performance
DOGE finished the session up 3.0% at $0.1641 after recovering from a sharp early-session decline to $0.1551.
Key observations:
- Volume surged to 613M, nearly 2× the daily average.
- Regaining $0.1640 set a new ascending intraday trend.
- Price consolidated within $0.1638–$0.1643 late in the session.
The pattern of rising intraday lows confirmed a constructive momentum shift despite a weak broader market.
Shiba Inu (SHIB) Performance
SHIB slipped 2.0%, dropping from $0.000009233 to $0.000009045, after breaching daily support at $0.000009240.
Session dynamics:
- A major selloff at 08:00 GMT sent volume to 412.35B tokens (67% above average).
- SHIB bottomed at $0.000008975 before launching a sharp V-shaped recovery.
- A rebound to $0.000009082 formed on 32.34B hourly volume, reclaiming near-term resistance at $0.000009060.
The rebound improved intraday stability, though the broader downtrend remains intact.
Technical Breakdown
Dogecoin
Key Levels
- Primary support: $0.1551
- Near-term support: $0.1638–$0.1640
- Resistance: $0.1650, then $0.1680
Structure
- Volume spike reflects institutional accumulation
- Rising intraday lows support short-term bullish bias
Shiba Inu
Key Levels
- Support: $0.000009020 (triple-tested)
- Resistance: $0.000009240, then $0.000009307
Structure
- Daily trend remains downward
- Hourly V-reversal hints at short-term stabilization
Market Implications
DOGE and SHIB are positioned differently as the market heads into another volatile stretch.
Dogecoin:
- Bullish momentum can continue if price clears $0.1650.
- Losing $0.1620 risks a slide toward $0.1600–$0.1580.
- Whale accumulation between $0.155–$0.161 provides a solid structural base.
Shiba Inu:
- Needs a confirmed close above $0.000009240 to signal recovery.
- A move back below $0.000008975 could trigger a drop toward $0.00000870 levels.
- The intraday rebound is encouraging but insufficient to flip the broader trend.
In short, DOGE shows clearer bullish rotation, while SHIB remains at a critical juncture, requiring confirmation before any trend shift can be considered durable.
