{"id":36099,"date":"2025-07-10T06:46:48","date_gmt":"2025-07-10T06:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36099"},"modified":"2025-07-10T06:46:48","modified_gmt":"2025-07-10T06:46:48","slug":"shiba-inu-smashes-triangle-pattern-against-bitcoin-but-looks-weak-against-dogecoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36099","title":{"rendered":"Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin"},"content":{"rendered":"<div>\n<p>Shiba Inu&#8217;s (SHIB) dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn&#8217;t look as promising.<\/p>\n<p>SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased a breakout into bullish territory above the widely tracked 50-day simple moving average (SMA) at $0.00001242.<\/p>\n<h2>Key AI insights based on the 24-hour price action<\/h2>\n<ul>\n<li>Institutional flows drove prices from $0.00001215 to a peak of $0.00001250 between 19:00 and 20:00 on July 9, with an exceptional institutional volume of 1.25 trillion tokens.<\/li>\n<li>Strong institutional resistance has been established around the $0.00001250 level, significantly exceeding the average daily institutional volume of 491 billion tokens.<\/li>\n<li>An additional 2.54% institutional gains occurred during the final trading hour from July 10, 03:56 to 04:55, advancing from $0.00001244 to $0.00001247.<\/li>\n<li>A session low of $0.00001238, established around 04:15, indicates what institutional traders view as strong technical support within the $0.00001238-$0.00001240 range.<\/li>\n<\/ul>\n<h2>SHIB\/BTC breakout<\/h2>\n<p>The SHIB\/BTC pair listed on CoinEx, which represents SHIB&#8217;s BTC-denominated price, rose 3.70% Wednesday (UTC), rising out of a triangular consolidation pattern identified by trendlines connecting June 24 and July 3 highs and June 22, June 27 and July 4 lows, according to data source TradingView.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/23e0cfd42786285191c9fee5ad7b0428245ad73e-2854x1294.png?auto=format\" alt=\"SHIB\/BTC pair. (TradingView\/CoinDesk)\" title=\"SHIB\/BTC pair. (TradingView\/CoinDesk)\"><\/p>\n<p>The breakout follows a prolonged year-long downtrend and indicates that the bulls have emerged victorious, having successfully absorbed supply during the triangular consolidation.<\/p>\n<p>The pair, therefore, could continue to gain ground in the short term, supported by a positive MACD histogram, which points to a strengthening of upward momentum. The swing low from May 7, represented by the horizontal line on the chart below, could offer resistance on the way higher.<\/p>\n<h2>SHIB\/DOGE breaks down<\/h2>\n<p>SHIB could underperform DOGE in the coming days, as the Binance-listed SHIB\/BTC pair has penetrated a trendline support, marking the end of the recovery rally from May lows.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/44b0ccd1da5d8eb79ef1419d51bf194797a68da4-2854x1294.png?auto=format\" alt=\"SHIB\/DOGE pair. (TradingView\/CoinDesk)\" title=\"SHIB\/DOGE pair. (TradingView\/CoinDesk)\"><\/p>\n<p>Furthermore, the <a href=\"https:\/\/chartschool.stockcharts.com\/table-of-contents\/trading-strategies-and-models\/trading-strategies\/moving-average-trading-strategies\/guppy-multiple-moving-average-an-ma-ribbon-designed-to-tip-the-markets-hand\">Guppy multiple moving average<\/a> indicator appears poised to cross bearish, indicating a negative shift in momentum. The bear cross occurs when the band of short-term exponential moving averages (EMAs) moves below the long-term EMAs.<\/p>\n<p>The pair needs to top the June 24 high of 0.0000719 to negate the bearish outlook.<\/p>\n<p>(<strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.)<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu&#8217;s (SHIB) dollar-denominated price hit a one-month high, charting a bullish trend against Bitcoin. However, the outlook against its rival, dogecoin, doesn&#8217;t look as promising. SHIB has gained 5.2% in the past 24 hours, reaching a high of $0.00001255 on Coinbase, the level last seen on June 12. As of writing, the cryptocurrency teased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36099","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36099"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36099\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}