Shiba Inu Battles for Breakout at 200-Day SMA as Dogecoin Whales Accumulate to Four-Year High

The crypto market is once again shaken by two iconic meme coins. Shiba Inu (SHIB) is fighting to break above the crucial 200-day Simple Moving Average (SMA), while large players in Dogecoin (DOGE) are pushing their holdings to levels not seen in nearly four years.

Shiba Inu Tests the Trend Line Over the past 24 hours, SHIB has shown resilience – its price climbed from $0.00001287 to $0.00001312, marking a 2% gain. At the time of writing, the token was trading right at the 200-day SMA, around $0.00001300. A breakout above this level could mark a decisive shift from bearish to bullish momentum. This isn’t the first attempt – bulls failed twice in the past four weeks. This time, however, conditions look stronger: trading volumes have surged. 📊 Key SHIB Metrics: 24-hour gain of 2% ($0.00001287 → $0.00001312)Strong support at $0.00001270Session high: $0.00001316 with volumes of 943.1 billion tokens1.3 million SHIB burned, burn rate surged by 1,682%Shibarium activity topped 1.2 million daily transactionsOpen interest rose 4%, signaling greater institutional involvement AI-driven models indicate that rising volumes point to institutional capital entering the market, strengthening the case for a sustained breakout above the 200-day SMA.

Dogecoin: Whales Reach Record Holdings While Shiba Inu is testing technical resistance, Dogecoin (DOGE) has rallied, gaining more than 10% in a week to trade at $0.2444. The rally has been fueled by expectations that the U.S. could approve a spot DOGE ETF – a landmark step for meme tokens. The spotlight, however, is on the whales, who have been aggressively accumulating. According to Santiment data, wallets holding 1 to 10 million DOGE have increased their balances since late August, reaching 10.91 billion DOGE. That’s a nearly four-year high, accounting for 7.23% of the total supply.

What’s Next for the Market? With the U.S. Federal Reserve expected to cut interest rates within the next 8 days, markets are bracing for heightened activity. Meme coins like SHIB and DOGE are at the center of attention – from technical breakouts and token burns to rising institutional engagement. 👉 The key question now: will Shiba Inu finally break above the 200-day SMA and confirm a bullish trend, or will Dogecoin steal the spotlight as whales set the stage for further gains?

#Shibarium , #shibaInu , #DOGE , #memecoins , #CryptoNews

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