<p><strong>Dogecoin </strong>(CRYPTO: DOGE) and <strong>Shiba Inu </strong>(CRYPTO: SHIB) rallied 3% on Monday but both remain below all major moving averages after 60% crashes from 2024 peaks.</p>



<h3>DOGE: Dead Cat Bounce Or Real Reversal?</h3>



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<p>Dogecoin is up 3% today, but the rally looks like a technical bounce in a brutal downtrend.</p>



<p>After reaching highs around $0.30-$0.32 in September 2025, DOGE has crashed approximately 60% to current levels. </p>



<p>The price is trading below all major EMAs in complete bearish alignment:</p>



<ul>
<li>20 EMA: $0.13040</li>



<li>50 EMA: $0.13728</li>



<li>100 EMA: $0.15236</li>



<li>200 EMA: $0.17296</li>
</ul>



<p>Moreover, bollinger bands show DOGE trading near the lower band at $0.11616, suggesting the asset may be oversold in the short term. </p>



<p>But oversold doesn’t mean reversal—it just means the selling has been aggressive.</p>



<h3>Exchange Outflows: Bullish Or Bearish?</h3>



<figure class="wp-block-image size-large"><img width="1024" height="262" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/26135556/image-500-1024x262.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/26135556/image-500-1024x262.png"/></figure>



<p>Netflow data shows -$10.91 million as of January 26 as per Coinglass, indicating more DOGE is leaving exchanges than entering.</p>



<p>This could mean long-term holders are moving coins to cold storage, which reduces selling pressure. </p>



<p>But combined with the 60% price decline, it may also reflect reduced trading interest—people are walking away from the trade entirely.</p>



<h3>SHIB: Same Story, Different Token</h3>



<figure class="wp-block-image size-large"><img width="1024" height="700" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/26135556/image-500-1024x700.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/26135556/image-500-1024x700.png"/></figure>



<p>Shiba Inu mirrors DOGE’s pattern—up 3% today but trapped in a persistent downtrend since July 2025.</p>



<p>After reaching highs around $0.00001800 in July, SHIB has formed a series of lower highs and lower lows—a classic downtrend pattern. </p>



<p>The Supertrend indicator at $0.00000892 remains firmly bearish, positioned well above current price.</p>



<p>Additionally, the Parabolic SAR dots at $0.00000875 are also positioned above price, confirming bearish momentum. </p>



<p>Both indicators act as dynamic resistance, meaning any rally will face selling pressure at these levels.</p>



<h3>Key Levels To Watch</h3>



<h4>DOGE</h4>



<ul>
<li><strong>Resistance:</strong> $0.13040 (20 EMA) immediate ceiling. Breaking $0.15236-$0.17296 (100-200 EMA zone) required for reversal.</li>



<li><strong>Support:</strong> $0.11616 (lower Bollinger Band) immediate floor. Breaking $0.11 opens the door to $0.08-$0.10.</li>
</ul>



<h4>SHIB</h4>



<ul>
<li><strong>Resistance:</strong> $0.00000875-$0.00000892 (Supertrend/SAR zone). Must break and hold above this level for bulls to regain control.</li>



<li><strong>Support:</strong> $0.00000700 psychological level. Breaking this targets $0.00000650-$0.00000600.</li>
</ul>



<p><em>Image: Shutterstock</em></p>

TXXD

BWOW

DOJE

GDOG

TDOG

<p>Dogecoin (DOGE) and Shiba Inu (SHIB) both rallied 3% but remain in a downtrend, having dropped 60% from their 2024 peaks. DOGE is trading below all major moving averages, indicating bearish momentum, while SHIB mirrors this pattern. Key resistance levels for DOGE are at $0.13040 and $0.15236-$0.17296, while SHIB faces resistance at $0.00000875-$0.00000892. Both cryptocurrencies show signs of overselling, but the overall trend remains negative, suggesting caution for bulls.</p>

DOGE, SHIB Rally 3%—And Here's Why That Should Terrify Bulls