A sudden one-day surge in Dogecoin (CRYPTO:DOGE) and Shiba Inu (CRYPTO:SHIB) has traders predicting an upcoming rally for the meme crypto leaders.
What Happened: With Dogecoin prices reflecting relatively flat performance over the past week, an analyst who goes by the handle “Kevin” on X explained his thoughts on Dogecoin’s trajectory. He said the meme crypto is still trying to mount a successful bullish test of its macro falling wedge, following its typical 60% bull market correction.
Following Friday’s 5% surge, Kevin predicted that if this test is successful, this could be the last opportunity to buy Dogecoin at its current prices.
As Shiba Inu prices surge, crypto trader Javon Marks asked the crypto community, “Are you ready for $0.000081?” He added that Shiba Inu has broken out of a recent falling wedge pattern and a much larger resistance trend (not shown).
He predicts a 342%+ rally from here, with this falling wedge only helping to “start the process.”