Memecoins Roar Back: Are Dogecoin and Shiba Inu Prices Signaling the Start of a Bigger Rally?

With market conditions improving and liquidity rotating steadily between Bitcoin and the broader altcoin landscape, memecoins are once again back in the spotlight. The renewed surge in risk appetite has pushed the top memecoins—Dogecoin (DOGE) and Shiba Inu (SHIB)—into double-digit gains, signalling that the long-dormant memecoin momentum is accelerating. As traders shift toward high-beta assets, the memecoin segment is emerging as one of the strongest outperformers in the current market environment.

Dogecoin (DOGE) Price Analysis

Dogecoin price continues to behave like the most stable memecoin due to its deep liquidity and large holder base. Technically, DOGE forms broad accumulation structures, followed by gradual breakout phases rather than explosive spikes. Its volatility is comparatively controlled, giving it smoother price action and more predictable cycles. Currently the price is attempting to rise above an important resistance. A successful attempt may trigger a 30% upswing, while a failure could keep the token consolidated below the range. 

After losing the ascending support, the DOGE bulls have been aggressively attempting to reclaim the lost levels. However, the technicals suggest the bears have weakened, but the bulls have not gained strength yet. The RSI has remained within the lower bands since mid-October, while the CMF is hovering around 0. Hence, the DOGE price may remain consolidated below the range until it clears the immediate resistance zone between $0.155 and $0.157. 

Shiba Inu (SHIB) Price Analysis

Since the start of 2024, the Shiba Inu price has held the support at $0.00001, which was broken during the October market crash. The price further started to form consecutive lower highs and lows. The current price action suggests the bulls are poised to lift the price back above the broken support, but the technicals favours a consolidation. 

As seen in the above chart, the SHIB price has been facing massive upward pressure, which seems to have halted with the latest reversal. The CMF has plunged while the MACD is heading for a bullish crossover. These are the early signs of momentum recovery, but the underlying liquidity and buying strength are still fragile. 

Therefore, the reversal attempts may face resistance until the CMF stabilizes. Hence, the levels are expected to remain consolidated between $0.00000814 and $0.00001081 until the market conditions improve.