DOGE, SHIB Price News: Dogecoin Reclaims Trendline, Shiba Inu Tests Resistance

Dogecoin (DOGE) rebounded 3.0% from a significant decline, fueled by institutional buying, closing at $0.1641, while Shiba Inu (SHIB) fell by 2.0%, breaking critical support before staging a notable intraday recovery. The broader crypto market faced pressure from concerns over an AI bubble and substantial Bitcoin ETF outflows, contributing to volatility in meme-coins. DOGE's volume spiked to 613 million during the price support test, confirming institutional interest. In contrast, SHIB experienced heavy selling before a V-shaped recovery, indicating potential stabilization despite broader market weakness. Traders monitored ETF discussions and whale positioning trends as influential sentiment drivers. The technical outlook for DOGE remains bullish with a focus on clearing the $0.1650 resistance, while SHIB needs to reclaim the $0.000009240 level to confirm stabilization, avoiding deeper declines towards $0.000008975.

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