Dogecoin: Biggest Breakthrough in 2025? Shiba Inu Coin is Sure to Break Through, XRP is Delightful
As most assets approach key resistance levels, the market's upward trend is expected to continue. Among them, Dogecoin (DOGE), Shiba Inu Coin (SHIB), and XRP stand out with their unique highlights.
Dogecoin (DOGE) is expected to be a major breakout point in 2025. It currently shows significant signs of recovery, trading at $0.21, with a daily increase of 1%, and has surpassed the 200-day moving average that had been unbroken for months, also breaking the psychological barrier of $0.20. The upward digestion of the ascending wedge at the end of June propelled this rise, validating traders' bullish tendencies. Although the RSI has broken 70 into the overbought territory, in a trending market, the overbought condition may persist. The next resistance level is around $0.25, and if momentum and volume can keep up, a breakout at this level is expected.
Shiba Inu Coin (SHIB) is at a critical juncture, with the 200-day exponential moving average as the focal point. It has rebounded from a local bottom around $0.00001230 and is currently trading at approximately $0.0001437, but this moving average has historically been its resistance level. If it cannot break through this moving average strongly, this rebound may turn into a bull trap. The RSI is at 71, in the overbought territory, and the upward trend may be nearing its end. If the bulls can break through and turn this moving average into a support level, the next target may be around $0.00001550; otherwise, it may retrace to the $0.00001300 area.
XRP's performance is also delightful, showing parabolic growth, surging from below $2.20 to above $3.20. The RSI reached 85, in extreme overbought territory; historically, such readings may signal a market correction or cooling, but during the current boom period, the overbought condition may persist. Volume has risen in sync with price, showing high participation, but there is also a risk of momentum stagnation forming a top. However, its breakout structure is robust; it broke through an ascending triangle at the beginning of this month, and the bullish trend lines between the 50, 100, and 200 EMA provide strong support. If momentum and volume are maintained, it could rise to the $3.50-$3.80 range before a correction.
