Dogecoin & Shiba Inu Eye 15% Rally as Bullish Data Fuels Trader Optimism

Dogecoin (DOGE) and Shiba Inu (SHIB) are getting attention as both technical indicators and blockchain data show growing bullishness.

Written by: Arslan Butt • Monday, July 7, 2025 • 1 min read

Last updated: Monday, July 7, 2025

Quick overview

DOGE and SHIB have long-to-short ratios of 1.10 and 1.08, indicating bullish sentiment.
Large-wallet holders are accumulating both DOGE and SHIB, suggesting increased interest from crypto whales.
DOGE needs to break the $0.18 resistance level to potentially retest the June 11 high of $0.20.
SHIB is targeting the 50-day EMA at $0.0000123 to maintain bullish control.

Dogecoin (DOGE) and Shiba Inu (SHIB) are getting attention as both technical indicators and blockchain data show growing bullishness. According to Coinglass, the long-to-short ratio for DOGE is 1.10 and 1.08 for SHIB—numbers above 1 means more longs than shorts. This means market is getting more confident in upwards price action.

Santiment’s Supply Distribution data also shows accumulation among large-wallet holders. Wallets holding 100,000 to 1 million tokens and 1 million to 10 million tokens for both DOGE and SHIB have grown, meaning crypto whales are back in the game.

All this points to a potential breakout if resistance is broken in the next few days.

Dogecoin Price Outlook: $0.18 is Key

Dogecoin has bounced back strong, from the descending trendline support at $0.15 last Wednesday. It rallied 9.8% by Sunday and is currently at $0.17. Next level is $0.18. A daily close above this zone could lead to a retest of the June 11 high at $0.20.

DOGE Technical Indicators:

RSI: 51, slightly above neutral, meaning investors are undecided.
MACD: Bullish crossover and rising green histogram, momentum is growing.

If price fails to break $0.18, DOGE might go back to $0.15 support.

Shiba Inu Price Outlook: 50-Day EMA is Key

Shiba Inu broke above the descending trendline on June 28 but has been range-bound between $0.0000111 and the 50-day EMA at $0.0000123. Currently at $0.0000118.

Bulls need to close above the 50-day EMA to stay in control. If that happens, it could lead to a move to the June 11 high of $0.0000136.

SHIB Technical Indicators:

RSI: 49, undecided but hinting at an upside.
MACD: Bullish crossover and growing green histogram. If price doesn’t break resistance, SHIB might go back to $0.0000111.

Quick Summary:

DOGE and SHIB have long-to-short ratios (1.10 and 1.08).
Whales are accumulating per Santiment.
DOGE needs to break $0.18.
SHIB targets $0.0000123.
RSI and MACD are growing but be careful.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.