Despite price consolidation, Dogecoin DOGE/USD and Shiba Inu SHIB/USD have maintained strong bullish momentum, buoyed by broader market recovery and community enthusiasm.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.4158 | $61.1 billion | +2.6% | +3.7% |
| Shiba Inu SHIB/USD | $0.00003006 | $17.7 billion | +7.2% | +18.7% |
| Pepe PEPE/USD | $0.00003006 | $9 billion | +9% | +8.3% |
Trader Notes: Crypto trader Scofield highlighted a bullish chart pattern, saying everything is going as planned:
Technical analyst Kevin notes that in Dogecoin's previous cycle, after a major rally, the token consolidated for 24 days before surging to a macro golden pocket.
If history repeats, DOGE's next rally could begin by week's end, with potential targets in the $3.80–$4.00 range.
However, Kevin advises caution, suggesting a more realistic goal might be a new all-time high by December's end.
Meanwhile, trader Viktor warns of volatility, pointing out that DOGE often dips before significant rallies. He believes the bottom might only come when traders lose confidence
Trader Bluntz Capital predicts a retail-driven rally for Shiba Inu, as many investors still hold SHIB from its last cycle. Bluntz sees SHIB as a potential “easy layup” for gains.
On the other hand, Milk Road platform reported a $1.5 million transfer of SHIB by the U.S. government, adding intrigue to recent market dynamics.
Statistics: IntoTheBlock data shows Dogecoin large transaction volume increasing by 41.1%, while Shiba Inu saw a 52% drop in large transaction volume. DOGE daily active addresses grew by 34.9% and SHIB saw a 17.8% drop.
SHIB transactions greater than $100,000 are down from 892 to 685 in a single day. Currently, 69% SHIB holders are making profit. In the month of November, 3.16 billion SHIB coins have been burned through 167 transactions.
What's Next: The ongoing rallies for Dogecoin and Shiba Inu reflect a mix of technical patterns, retail enthusiasm and institutional interest. However, traders are cautious about predicting exact timelines for future gains.
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