DOGE Pops 9% as SHIB Flows Confirm Memecoin Momentum

Dogecoin jumped 9% in the past 24 hours, outpacing much of the broader crypto market and putting memecoins back on traders’ radar. Heavy turnover across spot markets and derivatives added weight to the rally, which comes as Shiba Inu flows show fresh rotation.

The move pushed DOGE close to $0.16 on major exchanges before profit-taking clipped gains slightly. Even so, volumes remain robust. Traders say liquidity chasing and risk-on appetite are fueling the rebound. But is it sustainable?

SHIB’s Exchange Flow Drop Lends Fuel

On-chain data adds context. Analytics firm IntoTheBlock highlighted that SHIB exchange inflows fell by more than 18% this week, hinting that holders are reducing sell pressure. Meanwhile, DOGE saw a spike in long positioning across perpetual futures, amplifying the upside.

“Flows confirm that some of the sidelined retail is redeploying,” said Mia Torres, a market strategist at FalconX. “Memecoins act like sentiment barometers. If capital rotates into DOGE and SHIB, it often precedes broader retail engagement.”

Short sentence: Traders are watching closely. Longer sentence: The combination of reduced selling on SHIB and leveraged buying of DOGE has sparked chatter that memecoin fever could once again spill over into the wider altcoin market, just as it did during past cycles.

Memecoin Rotation Gains Steam

Are we seeing a genuine memecoin rotation or just hype again? For now, the data favors the bulls. Dogecoin open interest climbed nearly 14% overnight, while SHIB’s outflow from centralized exchanges reached its highest level since late August.

“This isn’t just noise,” argued Rahul Mehta, an independent trader active in derivatives markets. “When you have DOGE leading on spot volume and SHIB confirming through reduced exchange reserves, you get a rotation effect. People remember 2021, the chase is back.”

Still, skeptics remain unconvinced. Memecoin rallies have burned retail investors before, leaving many wary of chasing.

Technicals and Support Zones in Focus

From a technical standpoint, DOGE broke past a short-term resistance at $0.152 and tested $0.16, a level that has capped upside for several weeks. The next resistance sits near $0.168, with support seen around $0.145.

Shiba Inu, trading near $0.000023, has support around $0.000021 and overhead resistance near $0.000025. Relative strength indicators for both tokens remain elevated, though not yet in extreme territory.

Short sentence: Momentum is clear. Longer sentence: The real test will come if DOGE can consolidate above its resistance zone for several sessions, as this would convert technical buyers into trend followers and add durability to the surge.

Analysts Caution Against Overextension

Not everyone is cheering. Some analysts warn that memecoin momentum is often short-lived, with leverage unwinds capable of erasing gains quickly.

“Retail loves the chase, but funding rates are heating up,” noted Sara Kim, research head at Digital Asset Insight. “Once perpetual markets flip too positive, the risk of a flush increases.”

Others add that macro conditions matter. U.S. Treasury yields remain volatile, and bitcoin dominance is inching higher again, both of which could dampen speculative trades.

At the same time, liquidity thins out during weekends, which may exaggerate moves in either direction. Traders often describe it as catching fire in dry grass, easy to spark but quick to burn out.

Looking Ahead: Will the Momentum Last?

Memecoins have repeatedly defied skeptics. Their rallies often coincide with periods of heightened social media buzz and retail optimism. Whether this current phase extends will depend on broader sentiment, bitcoin stability, and whether whales join in with meaningful flows.

Are whales already positioning, or is this mostly retail-driven froth? The answer may decide whether DOGE pushes toward $0.20 or fades back under $0.14.

For retail traders, the momentum is enticing but risky. As one analyst put it: “Memecoins give you fireworks, but they don’t always come with safety nets.”

For context, you can read more about memecoin cycles in this CoinDesk coverage.

Meanwhile, those exploring trading platforms may want to review this guide on the best crypto platforms of 2025.

Recap: Key Observations

• DOGE popped 9% to test $0.16 on heavy turnover.
• SHIB flows dropped, reducing sell pressure and adding fuel to rotation.
• Memecoin momentum is gaining traction, with open interest and volumes rising.
• Technical levels matter: DOGE resistance at $0.168, support near $0.145.
• Analysts remain cautious, citing funding risks and fragile retail-driven rallies.