The post Biggest Breakout in 2025? Shiba Inu (SHIB) Must Break This, XRP Becomes Euphoric appeared on BitcoinEthereumNews.com.

Shiba Inu needs more XRP’s surge Dogecoin is exhibiting notable signs of life, and the most recent price action indicates that a significant breakout – possibly the largest one yet in 2025 – may be in the works. Now trading at $0.21, the meme coin has risen past significant resistance levels, indicating a strong follow-through on prior momentum and a noteworthy +1% daily gain. Based on the chart, DOGE has surpassed the crucial 200-day EMA (black line), which it has been unable to do for months.  It is not just another pump volume trend continuation, and general market optimism supports this technical breakout. Fueling this rally and validating traders’ bullish bias is the upward resolution of the ascending wedge that formed in late June. The psychological barrier of $0.20, which was previously functioning as a ceiling, has been broken by DOGE with this breakout.  DOGE/USDT Chart by TradingView Dogecoin is now formally in overbought territory as the RSI rises above 70. Bulls should not be put off just yet, though, as the RSI can stay overbought for long stretches of time in trending markets as the price keeps rising. Near $0.25, a level not seen since early May, is the next logical resistance. Dogecoin could run in that direction and possibly beyond if it keeps up its momentum and volume keeps up with the movement. The bullish environment of the cryptocurrency market as a whole also provides DOGE with the tailwind it requires for long-term growth. Investors should be keeping an eye on whether this rally attracts speculative momentum and retail volume. Since DOGE thrives on hype cycles, a new story may be developing as a result of this technical breakout.  Shiba Inu needs more A single technical level – the 200-day Exponential Moving Average (EMA) – is the focus…

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Filed under: News - @ July 18, 2025 7:32 pm