Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are struggling despite positive on-chain metrics and technical buy signals. While SHIB's burn rate is soaring and DOGE whales are accumulating, broader market sentiment remains cautious.

The last few days on the cryptocurrency market have not been as prosperous for crypto enthusiasts as is commonly believed. Let's face it, the last few weeks have been pretty tough, full of pain, controversy, doubt and, of course, fear and greed.

The bounce back might have finished, according to CoinStats.

While speculators may be quick to rule out Dogecoin after its two-month decline, one analyst sees a major “buy-the-dip” opportunity. The post Is Dogecoin About to Shock the Market? Analysts Eye a Breakout to $6 appeared first on Cryptonews.

Bulls seem unable to hold the initiative for long, according to CoinMarketCap.

With recent price action indicating that bearish momentum may intensify, Shiba Inu is at a level it cannot breakthrough. Concerns that SHIB may be on the verge of another decline have been confirmed by the token's inability to rise above the 26-day Exponential Moving Average.

Shiba Inu's layer-2 blockchain, Shibarium, has been active and continues to register significant growth in the Ethereum ecosystem. The L2 protocol is now on the verge of hitting a major milestone in the number of blocks mined.

Dog-themed cryptocurrency Shiba Inu (SHIB) is at a crucial turning point as it faces a major supply test that could determine its next big price move. Ahead of Shiba Inu is a significant price range where 549 trillion SHIB are currently held, and a breakout past this level could trigger a 50% rally, making this a critical time for SHIB holders and traders.

Analysts from QCP Capital suggest that while a rate cut is unlikely, any dovish signal could ignite upside momentum for bitcoin, potentially lifting altcoins in its wake.

Ethereum cofounder Vitalik Buterin recently got rid of a bunch of meme coins, selling a mix of lesser-known and fake tokens. According to data from OnChain Lens, Buterin made 315,382 DAI and sold a bunch of meme tokens, converting them into a total of 71.69 ETH, which is about $136,684.

Bloomberg Senior Commodity strategist Mike McGlone has cautioned that meme cryptocurrency Dogecoin (DOGE) could play a surprising role in destabilizing financial markets.

Is DOGE about to reverse its recent trajectory?

Dogecoin (DOGE) price has crashed by over 70% after hitting $0.48 in December 2024. Interestingly, the memecoin's richest holders have accumulated during the price declines, indicating their confidence in a potential rebound in the coming weeks.Dogecoin onchain metrics hint at price rebound Onchain data from Santiment shows that wallets holding at least 1 million DOGE have increased by 1.24% since early February, despite declining prices.

The downward trend is even more pronounced when analyzing historical data.

Dogecoin (DOGE) is eyeing the $1 price tag amid a 37% decline in the past 30 days while investors continue to accumulate during the dip.

Shiba Inu (SHIB) price has gained significant attention amid market volatility. With the potential for a 500% surge before April, the meme coin future remains uncertain.

The world of cryptocurrencies continues to be characterized by strong volatility, and the price of Shiba Inu (SHIB) is no exception.

Could this help accelerate the start of a shift from Bitcoin maximalism?

SHIB whales have been exerting significant selling pressure on the memecoin.

Amid the broader crypto market uncertainty, Dogecoin price has been showing strength flirting above the crucial support of $0.16 with increased address activity and heavy accumulation by DOGE whales. On-chain indicators and technical charts have both shown strength that could help the meme coin achieve new heights from here onwards.

In a series of posts shared on X, crypto analyst Kevin has mapped out a bullish scenario for Dogecoin and altcoins should the US Federal Reserve shift its monetary policy toward easing later this year. Pointing to both fundamental and technical indicators, Kevin contends that current Federal Reserve policies will define the exact moment altcoins begin to decisively outperform Bitcoin (BTC).

A crypto analyst's long-term technical analysis of the Dogecoin price highlights a repeating historical pattern from 2021. The analyst suggests that if Doge‘s price action can completely mirror this trend, it could trigger a rally above $10.

Shiba Inu (SHIB) is at a pivotal moment as it tests its 26-day Exponential Moving Average (EMA), a key resistance level that could determine its short-term trajectory. After a prolonged downtrend, SHIB has managed a recovery, inching toward this crucial barrier.

As it tests its 26-day Exponential Moving Average, Shiba Inu is currently encountering a significant technical obstacle. The asset's near-term trajectory will probably be determined by the outcome of this level, which has historically served as a significant resistance point.

Analysts suggested that Dogecoin, Elon Musk's favorite meme coin, might face a price decline and possibly plummet to below $0.15 after miners dumped a huge volume of tokens.

The 6-hour chart illuminated that SHIB was trading under a local resistance at $0.0000138, a level that rebuffed the bulls on the 16th of March.

Crypto markets are in a holding pattern ahead of Wednesday's Federal Reserve meeting and other crucial macroeconomic data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $84,316.40 +1.1% Ethereum (CRYPTO: ETH) $1,938.92 +2.5% Solana (CRYPTO: SOL) $129.46 +1.6% XRP (CRYPTO: XRP) $2.36 +2.2% Dogecoin (CRYPTO: DOGE) $0.1747 +3.3% Shiba Inu (CRYPTO: SHIB) $0.00001304 -1.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses up by 2.6%.

Shiba Inu price has been facing a downturn over the past few months, dropping nearly 63% since December 2024. Despite this, a key metric has shown positive signs that may help the meme coin recover.

Crypto analyst DOGECAPITAL has provided an ultra-bullish outlook for the Dogecoin price, suggesting it could rally to as high as $80. The analyst's chart also hinted at when the foremost meme coin could reach this ambitious price target.

The crypto market has had a bearish start to the week, with most cryptocurrencies trading in the red. However, some have managed substantial gains, including Toncoin (TON), Polkadot (DOT), Hedera (HBAR), and Litecoin (LTC).

Prominent crypto chart analyst Ali Martinez has shared insights into his trading strategy, demonstrating how disciplined execution and risk-reward balance have helped him generate significant profits despite occasional setbacks. What Happened: In an X post on Monday, Martinez emphasized that losses are an unavoidable part of trading but managing them effectively ensures that winning trades outweigh the losses over time.

Shiba Inu is gaining momentum as its price breaks above the critical 100-day moving average, a sign that bullish sentiment may be strengthening. This breakout marks an important shift in SHIB's market structure.

Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.CoinShares' weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week.

The sentiment across the cryptocurrency landscape appears confusing due to huge price fluctuations. Amid this, Dogecoin (DOGE) the popular and the world's largest crypto meme coin formed a bullish price action pattern and is poised for massive upside momentum.

Dogecoin has been drifting around the $0.17 price level and has struggled to find bullish direction in a market that remains overwhelmingly bearish. Crypto prices have been bleeding across the board, with Bitcoin and other major assets showing signs of exhaustion.

Dog-themed cryptocurrency Dogecoin (DOGE) is currently at a critical juncture as it faces a big price test. According to crypto analyst Ali, DOGE is "at the edge," with the question now whether Dogecoin will break out or stand firm.

Dogecoin (CRYPTO: DOGE) has seen a sharp 38% decline in the past month, wiping out its annual gains despite multiple catalysts for a broader crypto market rally. What Happened: Launched in March 2015, Dogecoin traded relatively flat until May 2021.

Dogecoin is showing signs of stabilization after a prolonged sell-off.

A prominent Wall Street expert has weighed in on Shiba Inu (SHIB) reaching $0.01, noting that with its current price at $0.000012, such a surge would require an 85,800% increase, a challenge despite ongoing token burns. Meanwhile, crypto whales are doubling down on Mutuum Finance (MUTM), currently in its presale at $0.

Recent weeks have seen Dogecoin struggle due to increasing selling pressure and technical issues that could endanger its place on the cryptocurrency market. In the meantime, Cardano (ADA) is getting closer to overtaking DOGE in terms of market capitalization, suggesting that the rankings may change.

A recent report published by the on-chain data aggregator CryptoQuant shows that the second largest meme cryptocurrency, Shiba Inu (SHIB), has faced a massive decline in one of its key metrics – the SHIB reserve stored on crypto exchanges.

Ominous pattern recently emerged on the price chart of the most popular meme cryptocurrency in the world, Dogecoin (DOGE). The talk is about the 23-day moving average crossing from an upside down to a 200-day moving average, which forms a figure of technical analysis better known as death cross.

"I'm sure he will have a lot to talk about once he returns to socials," LUCIE stated.

Despite being incredibly diverse and varied, the cryptocurrency market often tends to end up in a ‘winner takes all' scenario.

As fresh data points to a sharp drop in whale activity, Shiba Inu is still having trouble on the market. Large-holder inflows have decreased by an astounding 85% in the last week, according to the most recent on-chain metrics, indicating a precipitous drop in investor confidence.

Shiba Inu (SHIB) burn rate shot up 50,000% in the past day with a massive 13 million tokens being removed from the circulating supply.

Dogecoin activity has been surging from late February to the current period despite price being in a downtrend suggesting accumulation at discounted levels.