Dogecoin Jumps 7%, Shiba Inu Up 4%: Is A Major Meme Rally Brewing?

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Dogecoin holds key support, setting up for a potential breakout, with targets as high as $1.25.
Shiba Inu flashes a weekly buy signal with a 512% rally setup forming on the charts.
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Dogecoin DOGE/USD and Shiba Inu SHIB/USD are gaining momentum as Bitcoin surges past $90,000, fueled by the highest ETF inflows seen since January 2025. This resurgence is reigniting bullish sentiment across the meme coin space.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin DOGE/USD	$0.1710	$25.5 billion	+6.6%	+9.4%
Shiba Inu SHIB/USD	$0.00001300	$7.7 billion	+3.6%	+9.2%
Pepe PEPE/USD	$0.0₅8410	$3.5 billion	+6.3%	+17.3%

Trader Notes: Crypto chart analyst Ali Martinez notes Dogecoin has reclaimed the $0.17 support level, a crucial zone. A breakdown could send DOGE to $0.06, but holding here sets the stage for further upside.

Trader Javon Marks highlights a bullish DOGE setup with higher lows forming and a breakout in progress.

With his previous target of $0.6533 still in play, he now sees potential for a 279% rally — possibly reaching as high as $1.25.

For Shiba Inu, Martinez points to a TD Sequential buy signal on the weekly chart, suggesting a rebound is imminent.

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Javon Marks also identifies a massive Inverse Head & Shoulders pattern forming on SHIB, now entering its final phase. This setup targets a move to $0.000081, a 512% upside from current levels.

Statistics: Shibariumscan data shows daily transactions up from 4.38 million to 4.61 million in a single day.

IntoTheBlock data shows large transaction volume increased 359.83%, while transactions greater than $100,000 spiked from 27 to 84 in a single day. Daily active addresses increased by 3.3%.

Dogecoin wallets holding 100 million to 1 billion DOGE are up from 99 to 106 currently over the past month, Bitinfocharts reported.

Community News: Ethereum co-founder Vitalik Buterin's proposal to replace the Ethereum Virtual Machine (EVM) with RISC-V, a faster and more efficient virtual machine, could significantly benefit Shibarium.

Since Shibarium is built as an Ethereum Layer-2, it would inherit these performance gains automatically, a major long-term tailwind for SHIB and other L2 ecosystems.

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