DOGE and SHIB Gear Up for Rally as Whale Accumulation Surges
koinmilyoner
Updated at: 5 hours ago
{"content":"DOGE and SHIB Gear Up for Rally as Whale Accumulation Surges
After retesting its trendline last week, Dogecoin trades at $0.17 on Monday.
Shiji Inu is just below its critical resistance level of $0.0000123, and a breach might signal a rally.
Bullish bets and accumulation among DOGE and SHIB holders are increasing in derivatives and on-chain measures.
As market bullishness grows, meme currencies Dogecoin (DOGE) and Shiba Inu (SHIB) may soar. DOGE recovered after retesting its important level, while SHIB lingers around crucial resistance. Derivative data and on-chain measures show growing accumulation and trader bullish bets, signaling a breakout for these meme assets.
DOGE and SHIB may rise as derivative and on-chain measures indicate bullishness.
Dog-themed memecoins DOGE and SHIB have long-to-short ratios of 1.10 and 1.08, respectively, according to Coinglass. As traders bet on memecoins to rise, this ratio is over one, indicating optimistic enthusiasm.
Santiment's Supply Distribution reveals both dog-theme-based memecoins' large-wallet holders are growing. Since last week, whales owning 100,000–1 million (red line) and 1 million–10 million (yellow line) SHIB and DOGE tokens have increased, reinforcing the optimistic outlook.
Doge bulls lead momentum and price forecast
After retesting its previously broken falling trendline (made by connecting various highs from May 23) at $0.15 on Wednesday, dogecoin gained 9.8% till Sunday. On Monday, it trades at $0.17.
If DOGE keeps rising and closes above weekly resistance around $0.18 daily, it might revisit its June 11 high of $0.20.
On June 28, Shiba Inu price crossed the declining trendline (made by connecting successive highs from mid-May). Last week, it consolidated between $0.0000111 and the 50-day EMA at $0.0000123. It falls Monday, hovering around $0.0000118.
SHIB might reach its June 11 high of $0.0000136 if it rises and closes above its 50-day EMA at $0.0000123 daily.
#TrumpTariffs #MuskAmericaParty #DOGE #SHIB #TrumpVsMusk $DOGE $SHIB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/07/5f756b95d57a40f3b28967eadf93269a.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}