Both Shiba Inu and Dogecoin currently have bullish technicals and fundamentals are playing out in their favor as well. But here’s which one of the two meme coins is a better buy right now.
Meme coins continue to captivate the crypto community, and two of the most talked-about are Dogecoin (DOGE) and Shiba Inu (SHIB).
As both tokens show signs of renewed momentum, investors are looking closely at their technical setups, market sentiment, and price predictions to determine which is the smarter buy.
Here’s a quick comparison to help you make an informed decision on which meme coin to buy.
DOGE Builds Strength with Solid Support and Bullish Momentum
DOGE has had a strong run recently, gaining 43% over the past month. It is currently trading above its 200-day Exponential Moving Average (EMA) at $0.24, a level that has been retested multiple times and held firm.
The Relative Strength Index (RSI) stands at 64, pointing to ongoing bullish momentum.
Should the 200-day EMA continue to provide support, analysts expect DOGE to climb another 20% to reach the $0.27 level, a key Fibonacci retracement point. However, a break below $0.21 could see the price fall to its next support at $0.18.
On-chain data also reflects bullish sentiment. The OI-Weighted Funding Rate sits at 0.0098%, indicating that more traders are going long than short—typically a sign of expected upward movement.
SHIB Eyes Big Reversal but Faces Mixed Technical Signals
SHIB has also shown some strength, rising 18% over the last month and gaining 2.22% in the past 24 hours. At writing, it trades at around $0.00001512, just above its 50-day EMA at $0.0000133.
This level aligns with a recently broken descending trendline, acting as strong support. Technical indicators suggest SHIB could rally 25–30% if this support holds, targeting resistance levels at $0.00001871 and $0.000020.
However, there are mixed signals. While RSI is at 59, showing momentum, the MACD has turned bearish, and the Stochastic RSI indicates overbought conditions. A drop below $0.000013 could lead to a decline toward $0.000011.
Funding rates also favor bulls, with a slightly higher reading than DOGE at 0.0101%.
Verdict: Which to Buy?
Both meme coins have bullish signals, but DOGE appears more stable with long-term support and consistent momentum. It may be the safer pick for conservative traders. SHIB, on the other hand, offers higher potential upside but with greater volatility and technical uncertainty.
If you’re seeking steadier returns, DOGE is the meme coin to buy right now. If you’re chasing bigger gains and can stomach short-term risks, SHIB might be worth a closer look.
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