Dogecoin outshines Shiba Inu, Pepe last week: Will the gains continue?
2025-07-20 07:03:53
Main Idea
Dogecoin outperformed other memecoins like Shiba Inu and Pepe last week with a 22% rally, but profit-taking and market dynamics suggest potential volatility ahead.
Key Points
1. Dogecoin (DOGE) is the largest memecoin by market cap at $35.8 billion, significantly ahead of Shiba Inu (SHIB) at $8.67 billion.
2. DOGE surged 22% in the past week, while SHIB and Pepe (PEPE) gained 12.5% and 8.7%, respectively.
3. Long-term Dogecoin holders are at a 15% profit on average, leading to increased profit-taking and a decline in mean coin age.
4. The 1-day price chart shows bullish momentum, but the RSI and CMF indicate reduced capital inflows recently.
5. Traders are watching the $0.25 level; flipping it to support could strengthen bullish momentum.
Description
Dogecoin's outlook appeared bullish due to long-term holder accumulation, but some distribution was also taking place.
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