DOGE Turns Bullish as SHIB Clings to Support: Memecoin Market Shows Sharp Divergence

The top meme coins no longer move together. Dogecoin (DOGE) is showing signs of a bullish reversal after regaining a major trendline. Shiba Inu (SHIB), on the other hand, continues to test the bottom of its daily drop. This disparity indicates that traders in the memecoin business are reconsidering where to invest their money.

DOGE Shows Bullish Strength After Reclaiming Key Trendline

Dogecoin has risen above a key trendline on the daily chart. This situation usually indicates that bullish momentum is growing stronger. After a few days of consolidation, while DOGE was trading just below resistance, the breakout occurred.

Getting back above the trendline indicates that buyers are regaining control and may be preparing for a short-term rally. When DOGE crosses this technical level, it usually swings dramatically, especially when trading volume begins to increase.

According to analysts, the next levels of resistance will be around previously rejected price levels. Cleaning those places could lead to a stronger upward push.

What the Trendline Break Means for Dogecoin

• Renewed buyer confidence.
• A shift from consolidation to the early rising movement.
• Potential start of a good short-term trend.

If DOGE maintains above the trendline, traders expect more movement into higher resistance levels in the coming days.

SHIB Struggles as It Tests Critical Downtrend Support

In contrast, the Shiba Inu remains in a dangerous situation as it tests the bottom of its daily downturn. This support region has held several times, serving as a crucial level that prevents further price decreases.

SHIB’s price continues to show signs of pressure, with lower highs appearing consistently on the chart. Testing the downtrend floor indicates that bears will continue in control unless buyers make a strong rebound.

A breach of this support zone may expose SHIB to fresh local lows, whilst a successful rebound may result in a brief recovery.

Why Shiba Inu Remains Under Strain

• Consistent selling pressure
• Difficulty getting through higher resistance zones
• Market mood skewed more cautious than optimistic.

SHIBA will need to make a substantial rise above its downtrend structure to gain momentum.

Memecoin Market Diverges as Trader Behavior Shifts

The contrasting trends in DOGE and SHIB point to a larger shift in market behavior. Instead of moving equally, as memecoins often do, traders are instead selecting assets with instant strength.

Liquidity has begun to flood into DOGE, but SHIB continues to struggle with minimal bullish momentum.

This difference indicates that memecoin investors are becoming more selective, focusing on charts with clearer bullish forms rather than investing across the industry.

Short-Term Outlook

For DOGE:

• Bullish as long as the price remains above the recovered trendline.
• Increased volume may result in higher resistance retests.
• Watch for momentum continuation or false-break retracement.

For DOGE:

• Neutral to bearish until there is a significant recovery from support.
• Breaking below the downtrend floor could result in deeper pullbacks.
• Regaining lost levels is essential for any prolonged recovery.

Dogecoin’s trendline breakout has shifted sentiment in its favor, making it the stronger memecoin in the short term. Meanwhile, Shiba Inu stays at a vital technical level, attempting to maintain support as the broader market sends inconsistent signals.

The following days will determine whether DOGE can maintain its momentum and whether SHIB can defend its downtrend floor or risk falling further.

Source: CoinDesk

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