Dogecoin (CRYPTO: DOGE) is testing $0.10 for the fifth time as Shiba Inu (CRYPTO: SHIB) burns surged 673% in 24 hours, with both memecoins hitting make-or-break technical levels simultaneously.

DOGE’s Fifth Test At $0.10

Dogecoin is holding just below the $0.10 psychological level and the Supertrend at $0.10278 that has capped every rally for weeks. 

The ascending triangle remains intact with the rising lower trendline lifting the floor from $0.088 to current levels.

The MACD is firmly positive with the blue line well above signal and histogram staying green, confirming momentum favors buyers even during consolidation. 

Meanwhile, Open Interest ticked up 0.47% to $1.37 billion while Options Volume surged 56.21%, signaling traders are positioning for a move.

Top traders on Binance pushed their long position ratio to 3.09x—the highest long bias in weeks. 

Support sits at $0.09500, then $0.09000 (triangle base). Resistance clusters at $0.10278 (Supertrend), then $0.10508 (100 EMA), then $0.12615.

SHIB Burns 8.3 Million Tokens

Shiba Inu is pressing against the upper Bollinger Band at $0.00000631—the same level that has capped every rally attempt for weeks. 

A daily close above it would be the first real breakout since the downtrend began.

The 24-hour burn rate surged 673.16%, peaking near 8.3 million tokens burned around 15:00 UTC before tapering off. 

Meanwhile, the weekly burn rate is up 19.22%, showing the activity is becoming more consistent rather than random spikes.

The SAR at $0.00000587 sits below, maintaining the short-term bullish signal.

Support sits at $0.00000602 (BB mid), then $0.00000587 (SAR), then $0.00000573 (lower BB). Resistance clusters at $0.00000631 (upper BB), then $0.00000669, then $0.00000700.

The Broader Memecoin Picture

Memecoins have rallied nearly 20% to a $34 billion market cap, but analysts say the move is narrow and misleading. 

The sector remains down 75% from its 2024 peak, driven by a handful of tokens while most lag behind.

Despite skepticism, developments like Canary Capital’s Pepe (CRYPTO: PEPE) ETF filing highlight continued institutional curiosity. 

Sentiment is still largely speculative, with some calling it a recycled setup rather than a true recovery.

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