Dogecoin and Shiba Inu, two popular cryptocurrencies, saw a small increase of 3% recently. But don't get too excited. Both are still far below their major price points after a big drop from their highest values in 2024.

Dogecoin, for example, reached around $0. 30-$0. 32 last September. Now, it's down about 60% from that peak. The price is below all its major moving averages, which is a bad sign. The 20-day average is at $0. 13040, the 50-day at $0. 13728, the 100-day at $0. 15236, and the 200-day at $0. 17296. This alignment suggests a strong downward trend.

Bollinger Bands show Dogecoin trading near the lower band at $0. 11616. This means the asset is oversold in the short term. But being oversold doesn't guarantee a reversal. It just means the selling has been intense.

Exchange outflows for Dogecoin are negative, with -$10. 91 million as of January 26. This could mean long-term holders are moving their coins to safer storage, reducing selling pressure. But it could also mean people are losing interest and walking away from the trade.

Shiba Inu is in a similar situation. It's up 3% but still stuck in a downtrend since July 2025. After reaching highs around $0. 00001800, it has formed a pattern of lower highs and lower lows. The Supertrend indicator is at $0. 00000892, and the Parabolic SAR dots are at $0. 00000875, both above the current price. These indicators act as dynamic resistance, meaning any rally will face selling pressure at these levels.

For Dogecoin, the immediate resistance is at $0. 13040 (20 EMA). To reverse the trend, it needs to break through $0. 15236-$0. 17296 (100-200 EMA zone). The immediate support is at $0. 11616 (lower Bollinger Band). Breaking below $0. 11 could lead to a drop to $0. 08-$0. 10.

For Shiba Inu, the resistance is at $0. 00000875-$0. 00000892 (Supertrend/SAR zone). To regain control, it must break and hold above this level. The immediate support is at $0. 00000700. Breaking this could target $0. 00000650-$0. 00000600.

Crypto's Mini Comeback: Is It Just a Blip or a Real Turnaround?

Actions