Dogecoin and Shiba Inu, two popular meme coins, are currently on different paths. Dogecoin is showing signs of a potential breakout, while Shiba Inu is stuck in a downtrend.

Dogecoin is currently trading around $0. 173. It has been forming a wedge pattern, which usually leads to a big move in either direction. The Supertrend indicator is still bearish, and all major moving averages are above the current price. The first resistance level is at $0. 1809, and if Dogecoin can break above this, it could target $0. 208 and $0. 240. However, if it falls below $0. 160, it could drop to $0. 145 or even $0. 120.

Shiba Inu, on the other hand, is struggling to gain momentum. It is trading around $0. 00000950 and is facing resistance from a descending trendline. All major moving averages are sloping downward, indicating that sellers are in control. The first support level is at $0. 00000890, and if it breaks below this, it could fall to $0. 00000864 or even $0. 00000600. For a bullish reversal, Shiba Inu needs to break above $0. 00000987 and then $0. 00001075 to target $0. 00001150 to $0. 00001250.

The divergence in momentum between the two coins is clear. Dogecoin's wedge pattern suggests a potential reversal, while Shiba Inu is still stuck in a downtrend. Traders are watching both coins closely as volatility builds in the meme coin sector.


    # Dogecoin and Shiba Inu: Diverging Paths in the Meme Coin Sector

    ## **Dogecoin: Potential Breakout on the Horizon**
    - **Current Price:** $0.173
    - **Pattern:** Wedge formation
    - **Indicators:**
      - Supertrend: Bearish
      - Moving Averages: All above current price
    - **Resistance Levels:**
      - $0.1809 (First resistance)
      - $0.208 (Next target)
      - $0.240 (Potential high)
    - **Support Levels:**
      - $0.160 (Critical support)
      - $0.145 (Next support)
      - $0.120 (Potential low)

    ## **Shiba Inu: Struggling to Gain Momentum**
    - **Current Price:** $0.00000950
    - **Pattern:** Descending trendline resistance
    - **Indicators:**
      - Moving Averages: All sloping downward
      - Sellers in control
    - **Resistance Levels:**
      - $0.00000987 (First resistance)
      - $0.00001075 (Next target)
      - $0.00001150 - $0.00001250 (Potential highs)
    - **Support Levels:**
      - $0.00000890 (First support)
      - $0.00000864 (Next support)
      - $0.00000600 (Potential low)

    ## **Conclusion**
    - **Dogecoin:** Wedge pattern suggests a potential reversal.
    - **Shiba Inu:** Stuck in a downtrend, needs a strong breakout to reverse.
    - **Traders' Focus:** Volatility building in the meme coin sector.

    

Dogecoin and Shiba Inu: Which Meme Coin Is Poised For A Big Move?

Dogecoin: Potential Breakout on the Horizon

Shiba Inu: Struggling to Gain Momentum

Conclusion

Actions