- Shiba Inu shows strong buyer interest with volume up 80% and support at $0.00001271
- Dogecoin eyes $0.20 after 4.79% jump and rising demand near the $0.1860 floor
- Both SHIB and DOGE build bullish momentum, signaling a meme coin market revival
Meme coins are heating up as summer begins, and both Shiba Inu (SHIB) and Dogecoin (DOGE) are showing promising signs. After weeks of choppy movement, these two leaders of the meme coin category are building fresh momentum.
Investors are now watching closely to see whether this surge is the beginning of a sustained rally or just a short-lived spike. With strong volume and rising price action, SHIB and DOGE could be setting the pace for the broader meme coin space in the coming weeks.
Shiba Inu Eyes Breakout as Buyers Step In
SHIB is currently trading at $0.00001317 after climbing 3.68% in the last 24 hours. The daily low formed just under $0.00001271, a level that now serves as immediate support. From there, the price reversed sharply, confirming renewed buyer interest.
Notably, volume spiked over 80%, reaching $191.3 million. This rise in activity is a key signal of increasing market attention. The $0.00001260 level remains a strong safety net, as buyers defended it earlier during the dip.
SHIB/USD daily price chart, Source: TradingView
On the resistance side, SHIB is now testing $0.00001320. A clean break above it may open the door to $0.00001350. Historically, this zone has seen heavy selling, but momentum now favors the bulls. Hence, traders should watch whether SHIB holds above $0.00001320 in the near term.
Dogecoin Approaches Key Psychological Level
DOGE is performing even better, jumping 4.79% to $0.1952 with over $1.28 billion in volume traded. The early session dip found support around $0.1860. That area has now turned into a reliable intraday floor.
Since then, DOGE has pushed higher, forming multiple bullish candles and higher lows. The trend suggests strong demand and momentum-led buying. As a result, the immediate resistance of $0.1950 is now under pressure.
DOGE/USD daily price chart, Source: TradingView
A move above $0.1960 could quickly lead to a test of $0.20. That level is both psychological and technical, and may invite heavy selling. However, if DOGE sustains above $0.1950, the upside potential remains strong. On the downside, $0.1900 offers near-term support and could absorb any short pullbacks.
