Dogecoin and Shiba Inu: Which Meme Coin Is Poised For A Big Move?

Dogecoin and Shiba Inu, two popular meme coins, are currently on different paths. Dogecoin is showing signs of a potential breakout, while Shiba Inu is stuck in a downtrend. Dogecoin is currently trading around $0. 173. It has been forming a wedge pattern, which usually leads to a big move in either direction. The Supertrend indicator is still bearish, and all major moving averages are above the current price. The first resistance level is at $0. 1809, and if Dogecoin can break above this, it could target $0. 208 and $0. 240. However, if it falls below $0. 160, it could drop to $0. 145 or even $0. 120. Shiba Inu, on the other hand, is struggling to gain momentum. It is trading around $0. 00000950 and is facing resistance from a descending trendline. All major moving averages are sloping downward, indicating that sellers are in control. The first support level is at $0. 00000890, and if it breaks below this, it could fall to $0. 00000864 or even $0. 00000600. For a bullish reversal, Shiba Inu needs to break above $0. 00000987 and then $0. 00001075 to target $0. 00001150 to $0. 00001250. The divergence in momentum between the two coins is clear. Dogecoin's wedge pattern suggests a potential reversal, while Shiba Inu is still stuck in a downtrend. Traders are watching both coins closely as volatility builds in the meme coin sector.