Dogecoin and Shiba Inu underwent sharp volatility on Sunday as the broader crypto market endured another risk-off wave driven by ETF outflows, concerns related to the AI-linked tech bubble, and reduced liquidity across speculative assets.
Meme-tokens saw some of the day’s most aggressive swings, with DOGE staging a forceful rebound and SHIB recovering after initially breaking a key support level.
Although the macro environment dominated sentiment, large-holder behavior diverged between the two assets.
Dogecoin experienced renewed institutional accumulation following two weeks of heavy whale positioning.
Shiba Inu, meanwhile, saw retail-led selling intensify before buyers re-entered the market at intraday lows.
DOGE finished the session up 3.0% at $0.1641.
The token had dropped sharply earlier in the day, falling to $0.1551 before recovering on surging volume.
Trading activity spiked to 613 million during the support test, a level 186% higher than its 214 million average.
DOGE’s rebound pushed the asset above $0.1640, establishing an ascending intraday trendline.
Later trading kept the token within a narrow consolidation range between $0.1638 and $0.1643.
Analysts noted that the higher-lows pattern formed during the recovery signals improving momentum despite market-wide weakness.
SHIB declined 2.0%, slipping from $0.000009233 to $0.000009045.
Heavy selling around 08:00 GMT pushed volumes to 412.35 billion tokens, roughly 67% above typical levels.
The asset bottomed at $0.000008975 before snapping back in a rapid V-shaped recovery.
Around 32.34 billion tokens traded during the reversal, lifting SHIB to $0.000009082 and reclaiming short-term resistance at $0.000009060.
Technical indicators showed divergent setups for the two tokens.
DOGE maintained an intact ascending trendline, with institutional demand supporting the $0.155–$0.161 range.
Key resistance remains at $0.1650, followed by $0.1680.
Analysts say a break above these levels would confirm a short-term bullish continuation.
SHIB preserved triple-tested support at $0.000009020 and reclaimed minor resistance, though its broader daily downtrend — defined by lower highs — remains intact.
A decisive close above $0.000009240 is needed to confirm stabilization.
A fall below $0.000008975 would expose the token to further downside toward the mid-$0.00000870 region.
Market analysts said DOGE’s structure favors further upside if momentum continues, while SHIB remains at a tactical inflection point.
The V-shaped recovery boosts short-term confidence, but longer-term trend reversal will require stronger follow-through.
