Price Analysis View Non-AMP

Dogecoin (DOGE) Or Shiba Inu (SHIB): Which Will Gain More Profits This June?

Published by
Elena R

Despite a cool-off in the price action of top crypto tokens, the memecoin category has successfully regained momentum by recording a strong bullish price action since the week started. Moreover, top meme tokens have added significant value to their respective portfolio this month, indicating increased bullish sentiment.

With the rising volatility in the crypto market and increased hype for memecoins, is the cryptocurrency market on the verge of experiencing a Meme Mania during the upcoming weeks?

Dive in as, in this article, we have covered the price analysis of Dogecoin and Shiba Inu memecoins and the possible targets for the month of June for each.

Dogecoin On The Verge Of Breaking Its Triangle Pattern!

The leader of memecoins, Dogecoin Price, has added approximately 3.5% to its portfolio within the past day. Despite recording a neutral trend over the past week, the star memecoin has added 20.1% this month, highlighting an increase in the bullish sentiment within the crypto space.

Furthermore, the DOGE coin price has a Year-to-Date (YTD) return of 86.34%, suggesting a positive outlook for the memecoin during the upcoming bull rally.

Moreover, the DOGE coin price has formed a symmetric triangle pattern in the 1D time frame and is on the path of breaking it this week, the outcome of which is uncertain.

The Moving Average Convergence Divergence (MACD) shows a constant decline in its price chart with its averages displaying a high possibility of a bearish convergence. Furthermore, the SMA records a negative crossover, indicating a weak price action for the memecoin in the crypto space.

If the Doge memecoin records a breakout of the triangle pattern, the bulls will prepare to test its upper resistance level of $0.205 in the coming time. However, in case of a breakdown, the Doge memecoin could retest its crucial support level of $0.128.

Shiba Inu Price Hints A Bullish Breakout:

The SHIB price has successfully retested its important support level of $0.00002375. This resulted in the second largest memecoin by market cap recording a surge of 8.95% over the past week.

Furthermore, the Shiba Inu coin price has added 19.89% with a 120% surge in its trading volume over the past day. Positively, the memecoin has added 174.26% this year, suggesting an increase in investor’s interest in it.

With a rising bullish influence in the SHIB token, its price is on the verge of testing its resistance trendline this week. The Simple Moving Average (SMA) displays a bullish crossover in the price chart, suggesting a positive outlook for the memecoin during the upcoming weeks.

The technical indicator, RSI, has successfully retested its mid-point in the 1D time frame, resulting in it recording a significant uptrend toward the overbought range.

If the bulls breach the resistance trendline, the SHIB memecoin will prepare to test its upper resistance level of $0.00003950 in the coming time. Conversely, if a trend reversal occurs, the price will plunge toward its support level of $0.00002375.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Ethereum’s Volatility Slows as ETH Rejects $4,000: Will Holders Trigger Strong Selloff?

Ethereum (ETH) showed signs of cooling volatility after failing to break above the $4,000 resistance…

July 28, 2025

Best Crypto to Buy in 2025? Analysts Eye Future Pepe as Altcoin Season Heats Up  Could It Outpace SHIBA, PEPE & BONK?

As Bitcoin and Ethereum fuel the resurgence of Altcoin Season 2025, investors are scanning the…

July 28, 2025

Top Meme Coin to Invest in Today for 100x ROI, According to a Dogecoin (DOGE) Millionaire

Dogecoin millionaire who turned four figures into millions returns with new meme coin prediction. Which…

July 28, 2025

XRP Price Prediction For July 28

XRP is holding on to recent gains after a decent move over the weekend. The…

July 28, 2025

SquadSwap is What CEXes Promised But Never Delivered

Since Bitcoin’s launch more than a decade ago, centralized exchanges have promised speed, efficiency, control,…

July 28, 2025

Trump Backs U.S. Crypto Boom: “Bitcoin Is Great for Our Country”

Bitcoin has been breaking new highs lately, and President Donald Trump is all in. Once…

July 28, 2025