Dogecoin vs. Shiba Inu: Which Meme Coin Will Dominate Next Week?
The meme coin cage match is back—Dogecoin and Shiba Inu are squaring off for another round of speculative frenzy. Will DOGE’s first-mover advantage hold, or will SHIB’s hyperactive community rally push it ahead?
Dogecoin: The OG meme coin still rides Elon Musk’s occasional tweets to volatility. Its liquidity and brand recognition keep it in the game, but development moves at a snail’s pace—unless you count ’updates’ like adding Doge logos to SpaceX rockets.
Shiba Inu: The self-proclaimed ’Doge Killer’ keeps shipping ecosystem expansions (Shibarium, anyone?), but price action remains tied to Bitcoin’s coattails. At least the devs pretend this is more than a casino chip with a dog face.
Prediction? Flip a coin—both will likely mirror crypto’s overall sentiment. Just remember: in meme economics, ’fundamentals’ means which token has more viral TikToks this week.
DOGE Price Achieves A New Monthly High!
The Dogecoin price today has achieved a new monthly high by surpassing the $0.18 mark. Notably, the intraday trading volume has increased by 3.08% to $1.66 billion. Moreover, this meme coin has jumped 3.89%, making it the 4th consecutive day of a positive flow.
The Moving Average Convergence Divergence (MACD) records a constant rise in the daily time frame, with its EMA 12 & 26-day witnessing a positive rise. Moreover, the technical indicator RSI is constantly headed toward the overbought range, suggesting a positive outlook for the largest memecoin in the upcoming time.
Maintaining its value above the $0.18 mark could result in the Dogecoin price heading toward its upper price target of $0.20 next week. Conversely, rising bearish sentiment could pull the value of this meme coin toward its low of $0.165.
SHIB Memecoin Retests $0.000014 Mark Today!
With a market valuation of $8.31 billion, the Shiba Inu price has added over 15% to its valuation this week. Reportedly, this price action highlights a strong bullish reversal for the meme coin in the crypto space. With this, the market dominance of the second-largest memecoin project has increased to 0.27%.
The Relative Strength Index (RSI) has successfully retested its average trendline around the neutral point. This has resulted in it recording a sharp rise toward the overbought range in the Shiba Inu price chart. On the other hand, the MACD indicator witnessed a similar trend, suggesting that the memecoin may continue gaining momentum.
Suppose the market favors the bulls, in that case, the SHIB memecoin could breach its resistance level of $0.00015 and head toward its upper price target of $0.000020. On the contrary, if the bears outrun the bulls, the Shiba Inu price could plunge toward its important support level of $0.00001025.
Conclusion:
After recording a strong bearish price action for a brief period, the memecoin market is back on track, with top meme coins recording a double-digit surge in their respective valuations. Considering the present market sentiments, the memecoin segment could continue gaining momentum during the upcoming week.
Also Read: Shiba Inu Record Bullish Reversal! SHIB Eyes $0.000015 Next?
The Crypto Times does not endorse Dogecoin ($DOGE) or Shiba Inu ($SHIB) in any manner, professional or personal. These 2 tokens were picked on the basis of market and social sentiments only. Make sure to “DYOR” before investing as the cryptocurrency market is highly volatile in nature.
