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

by | Jan 26, 2026 | General

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

DOGE: Dead Cat Bounce Or Real Reversal?

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

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

The price is trading below all major EMAs in complete bearish alignment:

  • 20 EMA: $0.13040
  • 50 EMA: $0.13728
  • 100 EMA: $0.15236
  • 200 EMA: $0.17296

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

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

Exchange Outflows: Bullish Or Bearish?

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

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

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

SHIB: Same Story, Different Token

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

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

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

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

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

Key Levels To Watch

DOGE

  • Resistance: $0.13040 (20 EMA) immediate ceiling. Breaking $0.15236-$0.17296 (100-200 EMA zone) required for reversal.
  • Support: $0.11616 (lower Bollinger Band) immediate floor. Breaking $0.11 opens the door to $0.08-$0.10.

SHIB

  • Resistance: $0.00000875-$0.00000892 (Supertrend/SAR zone). Must break and hold above this level for bulls to regain control.
  • Support: $0.00000700 psychological level. Breaking this targets $0.00000650-$0.00000600.

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