NewsletterMemecoin Rally Next? Shiba Inu and Dogecoin Gearing Up for the Uptrend
The altcoin market has offered strong support to the recent Bitcoin price rally with Solana, Ethereum, and XRP leading the altcoin rally. Market analysts believe that the top two meme coins – Dogecoin and Shiba Inu – will soon be gearing up to join the altcoin price rally.
Shiba Inu Has A Buy signal on the Technical Chart
Popular crypto analyst Ali Martinez noted that the TD Sequential indicator has recently issued a buy signal on the weekly chart for $SHIB. It’s worth noting that the last two instances of such bullish signals resulted in significant price surges of 118% and 71%, respectively. Considering the rarity and accuracy of these signals, it’s a critical juncture to closely monitor SHIB.
Over the last week, the SHIB price has gained nearly 8% while all other top 20 altcoins have registered double-digit gains. Thus, there’s enough room for SHIB to catch up ahead.
In a remarkable turn of events, Shiba Inu (SHIB) has witnessed an extraordinary surge in token outflows, increasing by an astonishing 3,033% in just 24 hours.
Data provided by IntoTheBlock highlights an astounding rise in the number of tokens moving out of the wallets of major SHIB holders. The figure has surged from 16.87 billion to an incredible 511.37 billion SHIB in an overnight frenzy.
Concurrently, a significant drop in daily token inflows into these whale wallets has been observed. It has plummeted from 4.59 trillion tokens to a mere 262.41 billion within the same timeframe, further intensifying the mystery surrounding this unusual activity.
Dogecoin Gearing for A New Uptrend
Along with Shiba Inu, Dogecoin is also prepping up for a new uptrend to $1, noted popular crypto analyst Ali Martinez. He stated: Dogecoin seems poised for the beginning of a fresh uptrend!
On the weekly chart for $DOGE, the TD Sequential indicator has generated a buy signal. If the price manages to maintain a closing level above $0.062, it might pave the way for an upward move toward $0.070.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Traders Increase Bets on Kevin Warsh After Trump Names Top Two Fed Chair Candidates
- This Top CNBC Trader Says He’ll “Never” Invest in XRP Despite Wall Street Adoption
- ‘Dead Like Kodak’: Software Engineer Slams SWIFT’s 5-Year Delay on Blockchain Plans
- Ripple Attracts $300M Institutional Bet as VivoPower Launches Korean Investment Vehicle
- Crypto Eyes Entry into Traditional Sports as Tether Bids $1B for Juventus FC
- Expert Predicts Bitcoin Price Crash to $75k as ETF Inflows Fall, Treasury Companies Plunge 83%
- HYPE Price Jumps 8% as Open Interest Hits $1.61B — Is $50 Next?
- Is Solana Price Poised for a +50% Bullish Rally? Here’s What to Expect
- Top 3 Price Predictions for Bitcoin, Ethereum, and XRP in DEC 2025
- Will Chainlink Price Break Toward $20 After 84K LINK Reserve Increase?
- XRP Price Target $3 as Spot ETFs Continue to See Inflows
