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Top Memecoins Dogecoin & Shiba Inu Trigger a Major Rebound—Will It Restart Memecoin Mania?
- Memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) are gaining attention in the crypto market with viral social media buzz and growing community engagement.
- The surge in trading volumes and investor interest is reigniting memecoin popularity, presenting the potential for rapid returns.
- While major cryptocurrencies remain stable, memecoins are stealing the spotlight and attracting both experienced traders and newcomers.
- The recent upward trend in Dogecoin sees a breakout above $0.162 resistance, with a 6% surge in the past 24 hours and an intraday high of $0.167.
- DOGE's rally is supported by increased trading volume and community involvement, setting the stage for further gains.
- Technical analysis suggests potential price targets for Dogecoin at around $0.171 and even $0.21 if bullish momentum persists.
- Shiba Inu (SHIB) is trading around $0.00001165, consolidating after bouncing from key support at $0.00001060.
- Despite a slight weekly decline, SHIB shows upward momentum and forms a bullish falling wedge pattern, hinting at a potential recovery towards resistance levels at $0.000012 to $0.000014.
- Technical indicators for SHIB signal a possible breakout, with trading between the conversion & baselines of Ichimoku and the CMF suggesting bullish momentum.
- Overall, the resurgence of memecoins like DOGE and SHIB is sparking interest in the market, hinting at a potential memecoin mania revival.
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