Can Dogecoin Show A Reversal Pattern While Shiba Inu Breaks Down?

by | Feb 18, 2026 | General

Dogecoin (CRYPTO: DOGE) is building a bullish pattern, while Shiba Inu (CRYPTO: SHIB) is testing critical support.

Dogecoin’s Basing Pattern

DOGE has respected an ascending trendline from the $0.083 capitulation low on multiple tests, creating higher lows that suggest accumulation. 

On the 2-hour timeframe, all EMAs cluster tightly around $0.10, creating clear resistance: 20 EMA at $0.10061, 50 EMA at $0.10084, 100 EMA at $0.10025, and 200 EMA at $0.10231. 

However, the flattening of these averages after weeks of decline signals the downtrend is losing momentum—the first step toward reversal.

Two support zones have held: $0.093-$0.095 lower and $0.099-$0.102 upper. Current price sits at the lower boundary of that upper zone, acting as a pivot point. 

Holding and bouncing here would be bullish. Breaking below $0.095 would be concerning.

Meanwhile, derivatives data shows extreme bullish positioning. Binance long/short ratio sits at 2.701, OKX at 3.7—heavily skewed long. This is double-edged: it shows conviction but also means fuel for liquidations if DOGE breaks down. 

However, recent liquidations favor bulls with $462,000 in shorts liquidated versus $316KDOGE forms an ascending channel near $0.10, while SHIB tests $0.00000625 support with breakdown risk rising. longs over 24 hours, suggesting bears are covering on strength.

Shiba Inu’s Breakdown Risk

SHIB trades flat, grinding lower within a descending channel and testing the support zone that has repeatedly held. 

The Supertrend at $0.00000664 and Parabolic SAR at $0.00000656 sit just overhead as immediate resistance.

An ascending trendline from the $0.00000515 low intersects with horizontal support at $0.00000625-$0.00000640. 

Current price sits at the top of this zone, meaning SHIB is one failed candle from testing $0.00000625.

Breaking below $0.00000625 would violate both horizontal support and the ascending trendline—a serious technical breakdown triggering selling toward $0.000006 or retesting $0.0000055 lows with minimal support between.

Additionally, token burns remain insignificant. Only 4.38 million SHIB burned in the last 24 hours—too low to meaningfully reduce supply or impact price.

For recovery, SHIB needs to reclaim the $0.00000656 SAR, push through $0.00000664 Supertrend, and break the descending channel resistance at $0.00000680.

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