Zinger Key Points
- Shiba Inu burns 15.3 million SHIB in the past 24 hours, with 13.7 million in a single transaction.
- Dogecoin is holding strong, with analysts eyeing a potential rally to $4.
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Dogecoin DOGE/USD and Shiba Inu SHIB/USD are attempting to stage a rally on Tuesday as Bitcoin hovers around $96,000.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.2548 | $37.7 billion | +0.5% | -5.2% |
| Shiba Inu SHIB/USD | $0.00001582 | $9.32 bilion | -0.4% | +0.2% |
| Pepe PEPE/USD | $0.059870 | $4.15 billion | +1.6% | -4.1% |
Trader Notes: Crypto chart analyst Ali Martinez sees Dogecoin's path clear for a potential rally to $4.
Trader Tardigrade says DOGE is in "Doge Season" and nearing a breakout from a bullish falling wedge—a structure it typically forms before a pump. A "surge is imminent," he concluded.
Crypto trader Kevin reaffirmed DOGE bouncing off critical moving averages, with a key resistance at $0.28.
Breaking above this would confirm a bullish structure, potentially setting up a move toward all-time highs—but Bitcoin's price action remains a key factor.
Benzinga technical analysis shows Shiba Inu’s RSI at 36.4 indicating that the meme coin is considered oversold.
On the simple moving average (SMA) chart, SHIB is in a medium-term bullish trend as the 100-day SMA price is higher than both the 50-day SMA and 200-day SMA. It suggests a sustained upward movement with potential for further growth.
Statistics: Shibburn data shows th burn rate up 76%, wuth 15.35 million SHIB burned in the past 24 hours, including a 13.7 million SHIB burn around eight hours ago.
IntoTheBlock data shows Shiba Inu’s large transaction volume up by 90.7%, while daily active addresses spiked by 6.4% in a single day. Transactions greater than $100,000 increased from 42 to 80 in a single day.
Bitinfocharts data shows addresses holding 1 billion to 10 billion DOGE dropped from 17 to 15 over the past few weeks.
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