BCGAME - Free 5BTC Daily Bonus!The two largest memecoins on the market, Dogecoin (DOGE) and Shiba Inu (SHIB), recorded strong gains again this Tuesday (22), reigniting the dispute over which project can lead the next big cryptocurrency rally in 2025. With different fundamentals, both are attracting the attention of investors amid signs of technical strength and news in the ecosystem.
Dogecoin: Bullish projections reinforced by technical structure and token burn
Dogecoin is priced at US$ 0,1809, with a high of approximately 13% in the last 24 hours. Shiba Inu is currently trading at US$ 0,00001369, with appreciation of 10% in the same period, according to market data.
Technical analysts point out that DOGE is consolidating within a symmetrical triangle, which could indicate a possible resistance break and movement towards the US$ 0,22 in the coming days. Despite the optimistic scenario, a factor of uncertainty has emerged with the announcement by Elon Musk, who declared that he will significantly reduce his involvement with Dogecoin starting in May. The connection between Musk and the memecoin has always had a strong influence on the price, and the possible departure of the billionaire could bring volatility to the asset.
Shiba Inu: Bullish projections reinforced by technical structure and token burn
On the Shiba Inu side, indicators also point to a potential explosive move. The token burn rate has skyrocketed 3.273% in the last 24 hours, with more than 28,5 million SHIB removed from circulation. This decrease in supply has historically been a catalyst for asset appreciation.
Furthermore, recent analysis highlights a possible significant price multiplication. The analyst known as CryptoELITES has identified a strategic accumulation zone that could represent a turning point in the memecoin chart. According to him, if the current support trend is maintained and there is a recovery from the resistance in the region of US$ 0,00003 — near the 0,618 Fibonacci retracement level — SHIB may reach US$ 0,000085 at first and, in an optimistic scenario, reach US$ 0,00021, which would represent an appreciation of up to 17 times in relation to the current price.
The charts reinforce this expectation with the formation of structures similar to those that preceded previous highs. Consolidation in previously tested support zones and the possibility of eliminating a zero in the price fuel the feeling of optimism among Shiba Inu investors.
