Dogecoin, Shiba Inu Rally 10-15% on Bullish Crypto Data

Dogecoin is showing multiple bullish technical signals suggesting a potential rally towards the $0.30 mark, including a rising wedge pattern, ascending channel support, and RSI rebounds from oversold levels. Recent price surges have been fueled by institutional accumulation, especially by whales holding large amounts of DOGE, and a technical breakout above key resistance around $0.173, with immediate resistance levels identified at $0.175 and $0.180. Market analysts note that Dogecoin has respected its support lines and is experiencing consolidation phases that typically precede larger moves. Similarly, Shiba Inu and Ethereum exhibit signs of potential breakout patterns, with Shiba Inu consolidating near a key resistance level marked by its 26-day EMA and Ethereum trading in a tight range signaling indecision. However, some caution remains as smaller holders have exited positions in Dogecoin, and Shiba Inu's momentum has faded, with traders awaiting fresh catalysts like exchange listings or new utility releases. Overall, the crypto market appears poised for increased volatility, with bullish indicators for Dogecoin and Shiba Inu supported by growing whale accumulation and favorable technical setups, though confirmation via daily closes above resistance levels is crucial.