Dogecoin and These 2 Tokens Could Trigger a Meme Coin Rally
The post Dogecoin and These 2 Tokens Could Trigger a Meme Coin Rally appeared on BitcoinEthereumNews.com.
Dogecoin price may still hold the clues to whether meme coin season returns. Between February 6 and February 15, Dogecoin rallied about 47%. During the same period, the total meme coin market cap climbed by around 43%. This shows Dogecoin is still moving in step with the broader sector and continues to lead it. Now, two of the most closely aligned meme coins, BONK and Shiba Inu, are already forming breakout patterns. Their next move may depend on whether Dogecoin confirms its own bullish structure. Together, correlation, holder behavior, and price structure suggest Dogecoin still remains the key signal for the meme coin cycle. BONK and Shiba Inu Are Already Showing Breakout Structures BONK and Shiba Inu currently have an extremely high correlation with Dogecoin. Correlation measures how closely assets move together. A correlation of 1 means they move almost identically. Over the past month, BONK and Dogecoin reached a correlation as high as 0.99. Shiba Inu reached about 0.97 to 0.99 on weekly and monthly timeframes. Sponsored Sponsored Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. DOGE-BONK-SHIB Correlation: DeFiLlama This makes their price structures important early signals. BONK is forming an inverse head and shoulders pattern on the 12-hour chart. This pattern forms when sellers lose strength and buyers gradually take control. The breakout level sits near $0.0000075. If BONK breaks above this level, the pattern projects a move toward $0.000010, which would be about a 43% rally from the neckline. BONK Price Analysis: TradingView The pattern weakens with a drop under $0.0000063 and invalidates under $0.0000051. Shiba Inu (SHIB) is forming a bullish flag pattern. A bullish flag happens when the price pauses briefly after a rally before continuing higher. The breakout level sits near $0.0000069. If Shiba Inu breaks above this…
Filed under: News - @ February 17, 2026 12:26 am