June 3, 2025 | Source: CoinDesk
Shiba Inu (SHIB)$SHIB has shown signs of resilience as buyers continue to offer strong support, according to recent price chart data published by CoinDesk. While bulls attempted to push SHIB higher, momentum appears to be stalling below key resistance levels, suggesting limited upside in the short term.
Despite the growing interest in meme coins and renewed optimism across the altcoin market, SHIB's price action indicates consolidation rather than a full breakout. Analysts believe that further volume and bullish conviction are needed for a sustained upward move.
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Dogecoin $DOGE Surges 2.4% After Breaking Key Resistance
June 4, 2025 | Source: CoinDesk
Dogecoin (DOGE) has managed to break through a crucial resistance level, recording a 2.4% rally. According to CoinDesk, this move was largely driven by institutional buying interest, highlighting growing confidence in meme-based cryptocurrencies.
Market observers are now watching DOGE’s next key levels, as this breakout could signal the start of a more significant upward trend. If bullish momentum continues, DOGE $DOGE
may be poised for further gains in the near term.
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Market Outlook
The divergence in momentum between SHIB and DOGE underscores the mixed sentiment in the meme coin sector. While DOGE benefits from strong institutional backing, SHIB's price remains capped, at least for now, despite evident buyer interest.
Investors are advised to monitor volume trends and macro market conditions, as both could influence the next move for these popular tokens.