- The memecoin market surged 22.95% this week, with Dogecoin (DOGE) and Shiba Inu (SHIB) both posting over 15% gains as overall interest and trading volumes spiked.
- Dogecoin broke above $0.18 to hit a new monthly high, with technical indicators like MACD and RSI showing strong bullish momentum toward a potential $0.20 target.
- Shiba Inu retested key levels and could rally toward $0.000020 if bullish momentum continues, though a drop to $0.00001025 support remains possible if bears regain control.
As the broader crypto market catches its breath, top tokens are starting to move higher again. But honestly? It’s the memecoin crowd that’s been stealing the spotlight lately. Over the past week, the memecoin market has jumped a wild 22.95%, growing from around $46.01 billion to $56.59 billion.
Notable names leading the charge? Neiro Ethereum, Official Trump, Dogwifhat, Floki, and PEPE. Meanwhile, the OGs like Doge (DOGE) and Shiba Inu (SHIB) didn’t sit out either — both saw their portfolios pop more than 15%.
If you’re one of those people watching the memecoin madness closely and maybe thinking about stacking a few more coins? You’re not alone. Let’s dive into a quick look at how Dogecoin and Shiba Inu are shaping up right now.
Dogecoin Hits a New Monthly High 🚀
Dogecoin’s price action today? Super bullish. The largest memecoin just broke above the $0.18 mark, locking in a fresh monthly high. Not bad at all.
On top of that, intraday trading volume climbed by 3.08% to hit around $1.66 billion. Doge also logged a 3.89% price jump, making it the fourth day in a row it’s posted gains. Momentum definitely seems to be picking up.
Technicals are lining up nicely too — the MACD (Moving Average Convergence Divergence) shows a steady rise on the daily chart, with both the 12-day and 26-day EMAs trending higher. Meanwhile, the RSI (Relative Strength Index) is creeping up toward the overbought zone, which usually hints at even more upside (but hey, also a tiny warning sign if it overheats).
If Doge can stay planted above $0.18, the next logical target looks to be $0.20 in the coming week.
Flip side? If bears start pushing back, we could see a pullback toward around $0.165.
Shiba Inu Retests a Key Level 🐕
Shiba Inu’s not sitting quietly either. With a market cap of $8.31 billion, SHIB added a sweet 15% to its value just this week. That kind of action? Yeah, it’s suggesting a full-on bullish reversal might be underway.
SHIB’s market dominance also ticked up to 0.27%, which is nothing to sneeze at.
The RSI for SHIB has successfully bounced off its average trendline near the neutral zone and is now rushing toward overbought territory. The MACD tells a similar story, suggesting SHIB could keep pushing higher if momentum holds.
If bulls stay in charge, SHIB could bust through resistance at $0.00015 and set its sights on $0.000020.
But if sellers get the upper hand? We might be looking at a slide back toward that important support around $0.00001025.
Final Thoughts: Memecoin Momentum Isn’t Slowing Down
After facing a rough patch of bearish pressure earlier this year, memecoins seem to be firing on all cylinders again. With double-digit gains across major players and growing bullish signals from the charts, the sector looks primed to keep riding this wave — at least for now.
If market sentiment stays friendly, next week could get even crazier for memecoin holders. Buckle up.
