Dogecoin News Today: Shiba Inu's Breakout Could Redefine Meme Coins as Tradable Capital

Shiba Inu (SHIB) is approaching a critical juncture as its year-long consolidation phase appears to be ending, with technical and on-chain data suggesting it may outperform Dogecoin (DOGE) in the next market cycle. The token is forming a symmetrical triangle pattern on price charts, with resistance near $0.00001350 and support around $0.00001200. A breakout above this resistance could propel SHIB toward $0.00001850–$0.00002400, according to analysts, while a breakdown below $0.00001100 would invalidate the bullish case . The 200-day EMA (exponential moving average) currently aligns with the upper trendline, signaling potential volatility .

On-chain metrics reinforce SHIB's resilience. As of October 9, the token had over 1.54 million holders, a record high, and more than 16.9 million lifetime transfers, indicating sustained network activity despite broader market volatility . A $1.3 million net outflow reported on October 9 highlights cautious positioning near resistance, though large holders have avoided major accumulation since mid-September, suggesting stability rather than panic . Meanwhile, SHIB's burn rate surged 85.81% in 24 hours, removing 15.3 million tokens from circulation and tightening supply .

Comparisons with DOGE highlight SHIB's structural advantages. DOGE, with a $33.6 billion market cap and infinite supply, relies on sentiment-driven spikes, while SHIB's $7.1 billion market cap and deflationary mechanics-via token burns and its Shibarium blockchain-position it as a more liquid and institutionally viable asset . Analysts note that SHIB's on-chain valuation exceeding $12 billion and its Ethereum-based ecosystem provide deeper liquidity than smaller meme coins .

Technical indicators further bolster SHIB's case. The RSI (Relative Strength Index) at 51.51 and converging MACD lines suggest fading bearish pressure, with key Fibonacci levels at $0.00001357–$0.00001478 offering potential accumulation zones . A breakout above $0.00001350 could trigger a move toward $0.00001420–$0.00001550, with longer-term targets at $0.00002834 .

The implications of SHIB's consolidation end extend beyond its price action. Analysts argue that a successful breakout could redefine the meme coin narrative, blurring the line between cultural assets and tradable capital. Unlike DOGE's retail-driven volatility, SHIB's structure-rooted in Ethereum and bolstered by institutional tolerance-positions it to behave more like a mid-cap altcoin . This shift could attract broader market participation and reshape risk profiles within the meme token space.

Source: [1] Benzinga (https://www.benzinga.com/crypto/cryptocurrency/25/10/48127864/shibs-2025-consolidation-ends-and-its-leading-doge-in-one-key-metric)

[2] altfins.com (https://altfins.com/blog/shib-vs-doge-investment-outlook-for-2025/)

[3] Coinedition (https://coinedition.com/shiba-inu-price-prediction-analysts-eye-0-000014-recovery-as-holder-count-surges/)

[4] Coinedition (https://coinedition.com/shib-accumulation-price-breakout-onchain-technicals/)