🔥 Meme Coin Momentum: DOGE & SHIB Gearing Up for Breakout! 🚀🐶
Dogecoin ($DOGE ) and Shiba Inu ($SHIB ) are flashing bullish signals as they rest at key support zones — setting the stage for a potential double-digit rally!
On-Chain & Technical Insights
Funding Rates (via Coinglass):
DOGE: +0.0094%
SHIB: +0.0101%
→ This means longs are paying shorts, signaling a bullish bias! 📈
Low activity + positive funding = bullish setup
Past performance shows meme coins often pump after funding shifts favor longs
DOGE Outlook 🐕
Current Price: ~$0.23
Support: 200-day EMA at $0.21 (tested & held multiple times)
If this support holds:
Target: $0.27 (+20%)
→ This aligns with 50% Fibonacci retracement (from Aug 2023 low $0.05 to Dec 2024 high $0.48)
But if it breaks below $0.21:
Look for a retest of next weekly support at $0.18
SHIB Outlook 🐕🦺
Current Price: ~$0.000014
Support: 50-day EMA + breakout retest of descending trendline
Above key level since Saturday, holding strong
If support holds:
Target: $0.000019 (+30%)
Watch: A break below EMA could slow momentum
Summary
DOGE and SHIB are showing bullish on-chain trends, holding strong at critical EMAs, and could rally 20–30% if support levels hold.
Keep an eye on volume & funding — this meme coin wave might just be warming up!
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