Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are holding ground despite broader market volatility, trading in tight ranges over the past week.
Trader Notes: Crypto trader Javon Marks highlighted that Shiba Inu has confirmed a bullish MACD divergence, signaling the potential for a major upside reversal.
He projects a move of up to 163% toward $0.00003 in the short term, with the broader breakout structure pointing to gains as high as 570% near $0.000081.
On Dogecoin, chart analyst Ali Martinez noted that DOGE has successfully defended its $0.208 support level five times, calling it a crucial pivot for the meme coin's next move.
Statistics: Shibarium activity has dropped sharply, with daily transactions breaking below 1 million since Aug. 26. Current volume sits at just 16.67K, according to Shibariumscan.
Dogecoin trading volume rose about 6% in a day, while open interest has consistently held the $3 billion level since early August, Coinglass data shows.
Community News: In a major development, Alex Spiro, Elon Musk's longtime lawyer, is set to chair a new Dogecoin Treasury company backed by the House of Doge.
The firm is reportedly seeking to raise at least $200 million through a public offering. While launch details remain unclear, sources suggest the initiative could mark Dogecoin's entry into mainstream finance.
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