Dogecoin Breakout Spurs Rally as SHIB, XRP Hit Key Resistance
Dogecoin has broken above its 200-day EMA at $0.21, clearing the $0.20 level and resolving an ascending wedge pattern in a bullish breakout. The RSI sits in overbought territory, indicating strong buying pressure. If the Dogecoin breakout momentum persists, DOGE could target resistance at $0.25.
Shiba Inu now tests its 200-day EMA near $0.00001500 after rebounding from $0.00001230. A decisive move above could push SHIB to $0.00001550; failure may trigger a drop toward $0.00001300.
Meanwhile, XRP has surged parabolically from below $2.20 to over $3.20 following an ascending triangle breakout and bullish EMA alignment. Its RSI of 85 and rising volume support the rally, though profit-taking risks remain. Key XRP targets lie between $3.50 and $3.80.
Traders should monitor technical indicators—Dogecoin breakout volume, SHIB’s EMA test, XRP’s RSI and volume trends—for entry and exit points.
Bullish
The combined news of Dogecoin’s breakout above the 200-day EMA, Shiba Inu’s critical EMA test, and XRP’s parabolic rally signals an overall bullish trend in the altcoin market. Dogecoin’s sustained breakout momentum and rising RSI suggest further upside in the near term. Shiba Inu’s potential EMA breakout could trigger additional buying if confirmed. XRP’s strong volume-backed surge indicates robust market participation despite profit-taking risks. Together, these technical developments underpin positive short-term trading opportunities and may support broader bullish sentiment if key levels hold.