DOGE Blasts 10% Higher on Volume Spike, But SHIB’s Steady Gains Pose a Tactical Choice

What to know:

• DOGE surged 10.3% between July 10 04:00 and July 11 03:00, jumping from $0.180 to $0.199 with a breakout fueled by 564.05M volume — well above the 24-hour average of 334.72M.
• The breakout began at 16:00, with key support cemented at $0.179 and high-volume rejection zones forming around $0.194–$0.196.
• Final hour action showed DOGE stabilizing just below $0.200, with modest profit-taking and consolidation after the explosive rally.
• Meanwhile, SHIB posted a relatively lower 8% daily gain and 7.7% weekly return, holding above key MAs with volume steadily rising — suggesting a slower, but structurally sound, move higher.

Price Action Summary

• DOGE: 10.3% gain, $0.180 → $0.199 | Range: $0.020
• Breakout time: 16:00 Jul 10 | Volume: 564.05M (vs. 24H avg 334.72M)
• Support zone: $0.179–$0.181 during 13:00–15:00 consolidation
• Resistance zone: $0.194–$0.196 emerged during rally peak
• Final hour: DOGE traded in a $0.0097 range, closed at $0.1984 — down 0.3% from local high, suggesting profit realization
• SHIB: 8% daily rise to ~$0.00001354 and 13% gain this week
• SHIB/BTC breakout: 3.7% gain with 1.25T token volume — ~5x average

Technical Analysis

• DOGE: Consecutive higher highs with strong volume confirmation, indicating institutional interest.
  Resistance remains at $0.2 — a psychological and structural ceiling.
  Final hour dip to $0.1976 signals near-term exhaustion.
• SHIB: Gradual price climb with triangle breakout on SHIB/BTC pair.
  Holding above 50-d and 200-d MAs, with sentiment near “Greed” on major indexes.

What Traders Are Watching

• DOGE:
  • Can it sustain above $0.200 and trigger the next leg to $0.215–$0.22?
  • Watch for any drop below $0.194 — would invalidate short-term bullish momentum.
• SHIB:
  • Eyes on $0.000014–$0.000015 zone.
  • Holding above MAs and breakout confirmation could send it to above $0.000016.

DOGE or SHIB: Tactical Meme Trade?

• DOGE offers momentum and volatility — ideal for short-term swing setups.
• SHIB offers structure and trend continuity — better for layered entries and position trades.
• Short-term traders may favor DOGE’s explosive setups.
• Strategic buyers may prefer SHIB’s quieter, supported climb.

Takeaway
DOGE broke out with conviction — volume, price action, and structure all align with a bullish continuation. But SHIB, while less noisy, continues to build a stable base with rising sentiment and ecosystem traction.

(Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.)