Dogecoin and Shiba Inu Are Skyrocketing — Is the Memecoin Mania About to Explode Again?

Jakarta, Pintu News – Memecoin is back in the spotlight as the crypto market gains momentum. Popular tokens such as Dogecoin(DOGE) and Shiba Inu(SHIB) have recorded impressive gains, driven by viral furor on social media and growing community engagement.

With trading volumes continuing to rise and investor interest reviving, memecoin has once again demonstrated its ability to grab attention and deliver quick profits.

While the major cryptos remain stable, these fun, fast-moving tokens are stealing the show, attracting interest from both experienced traders and new participants looking to ride the wave of hype.

Does this mark the beginning of memecoin mania?

Dogecoin (DOGE) Price Analysis

The Dogecoin price on June 24 showed a strong uptrend, with momentum continuing to build after breaking through the $0.162 resistance level. The top memecoin has surged more than 6% in the past 24 hours, reaching anintraday high of$0.167.

Read also: Dogecoin 2025 Price Prediction: Will DOGE Explode to $0.46 or Fall Below $0.10?

This rise is supported by increased trading volumes and growing community engagement, which puts DOGE in a potential position to continue its rise.

Technically, there are potential price targets around $0.171 and even $0.21 if the bullish momentum continues.

As seen in the chart above, the DOGE bulls are trying hard to break the resistance of the falling wedge pattern. However, the bearish pressure doesn’t seem to have completely subsided, so the price is expected to face rejection.

Dogecoin’s price could be retesting the support level at $0.15, and since the OBV (On-Balance Volume) and Gaussian channel indicators are showing bearish divergence, it is believed that the token could potentially break below that range to print a new low.

Shiba Inu (SHIB) Price Analysis

Shiba Inu on June 24, 2025, was trading around $0.00001165, showing signs of consolidation after bouncing off the key support level at $0.00001060.

Although the weekly performance is still slightly down, SHIB has gained moderate upside momentum, forming a bullish falling wedge pattern on the chart.

With increased on-chain activity and growing community engagement, the price of SHIB has the potential to recover towards resistance levels in the range of $0.000012 to $0.000014.

Read also: Altcoin Season 3.0 Set to Ignite on July 1? Golden Cross Sparks Massive Rally Hype, Say Analysts!

Since rebounding in May, SHIB prices seem to have gained strength, so the bulls have started defending the crucial support zone.

Unlike Dogecoin, the technical indicators suggest that a breakout is likely in the near future. In addition, SHIB is trading between the conversion and baselines of the Ichimoku indicator, with the conversion line serving as strong support.

On the other hand, the CMF (Chaikin Money Flow) is showing an uptrend, which indicates that the bulls are gaining momentum. Therefore, the price of SHIB is expected to continue rising and soon test the important resistance between $0.00001647 and $0.00001713.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Top Memecoins Dogecoin & Shiba Inu Trigger a Major Rebound-Will It Restart Memecoin Mania? Accessed on June 25, 2025.