Crypto's Mini Comeback: Is It Just a Blip or a Real Turnaround?

Dogecoin and Shiba Inu, two popular cryptocurrencies, saw a small increase of 3% recently. But don't get too excited. Both are still far below their major price points after a big drop from their highest values in 2024. Dogecoin, for example, reached around $0. 30-$0. 32 last September. Now, it's down about 60% from that peak. The price is below all its major moving averages, which is a bad sign. The 20-day average is at $0. 13040, the 50-day at $0. 13728, the 100-day at $0. 15236, and the 200-day at $0. 17296. This alignment suggests a strong downward trend. Bollinger Bands show Dogecoin trading near the lower band at $0. 11616. This means the asset is oversold in the short term. But being oversold doesn't guarantee a reversal. It just means the selling has been intense. Exchange outflows for Dogecoin are negative, with -$10. 91 million as of January 26. This could mean long-term holders are moving their coins to safer storage, reducing selling pressure. But it could also mean people are losing interest and walking away from the trade.Shiba Inu is in a similar situation. It's up 3% but still stuck in a downtrend since July 2025. After reaching highs around $0. 00001800, it has formed a pattern of lower highs and lower lows. The Supertrend indicator is at $0. 00000892, and the Parabolic SAR dots are at $0. 00000875, both above the current price. These indicators act as dynamic resistance, meaning any rally will face selling pressure at these levels. For Dogecoin, the immediate resistance is at $0. 13040 (20 EMA). To reverse the trend, it needs to break through $0. 15236-$0. 17296 (100-200 EMA zone). The immediate support is at $0. 11616 (lower Bollinger Band). Breaking below $0. 11 could lead to a drop to $0. 08-$0. 10. For Shiba Inu, the resistance is at $0. 00000875-$0. 00000892 (Supertrend/SAR zone). To regain control, it must break and hold above this level. The immediate support is at $0. 00000700. Breaking this could target $0. 00000650-$0. 00000600.