Dogecoin’s Dazzling Rise: Will Shiba Inu Join the Party? đŸ¶đŸš€

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TL;DR

  • In a twist worthy of a Bertie Wooster escapade, a chap with nearly 140,000 followers on X has been busy posting charts about the two biggest meme coins in the crypto circus.
  • While Dogecoin seems to be strutting its stuff like a peacock, Shiba Inu appears to be pondering its next move with all the enthusiasm of a cat at a dog show.

At the outset, our dear friend Ali Martinez has pointed out that the TD Sequential metric—yes, that’s a thing—has flashed a buy signal for DOGE on the hourly chart. One can only imagine the excitement in the air, akin to finding a forgotten tenner in an old coat pocket!

Historically speaking, this OG meme coin has been rather susceptible to such signals. Cast your mind back to late February when it plummeted below $0.195, only to bounce back like a rubber ball to over $0.24 in a matter of days. Quite the comeback, I must say!

#Dogecoin $DOGE is gearing up for a rebound as the TD Sequential flashes a buy signal on the hourly chart!

— Ali (@ali_charts) May 28, 2025

Now, DOGE reached a dizzying height of $0.26 on May 11, riding the wave of market optimism post-Trump-induced uncertainty. However, it seems to have hit a bit of a snag, stalling at $0.255 last week after Bitcoin decided to throw a party with its latest all-time high. It has since lost 13% of its value and is now trading at a rather pedestrian $0.222. But fear not! The TD Sequential might just be hinting at more gains on the horizon—if only it could talk!

As for SHIB, its monthly chart mirrors that of its more illustrious rival, having shot up to over $0.000016 in mid-May, only to tumble down by about 12-13% since then. Martinez has observed its recent antics, which have been consolidating in a descending triangle—oh, the drama! This could lead to a significant 17% move, though one can’t help but wonder if it’s more of a slow waltz than a quickstep.

While Martinez didn’t provide a clear direction—perhaps he was too busy polishing his monocle—the descending triangle is a bearish chart pattern, suggesting that demand is waning faster than a soufflĂ© in a thunderstorm, typically leading to a price correction.

#ShibaInu $SHIB is consolidating within a triangle, eagerly awaiting a 17% price move!

— Ali (@ali_charts) May 28, 2025

Despite this rather alarming price structure for SHIB, many industry experts remain as bullish as a prize bull at a county fair. The latest to declare it a highly complex tech investment was Del Crxpto, who believes that those who study the meme coin and its ecosystem will “win.” One can only hope they’re not just chasing their tails!

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2025-05-28 10:46