Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading flat, with both meme coins compressed in symmetrical triangles signaling imminent 10-15% moves in either direction.
Dogecoin’s Coiled Spring
DOGE’s Parabolic SAR flipped below price at $0.09562—the first constructive signal in weeks suggesting the $0.083 capitulation low may have marked bottom.
However, the Supertrend at $0.10378 remains bearish, sandwiching DOGE between conflicting indicators.
An ascending trendline from $0.083 provides support while a descending trendline from January highs caps rallies around $0.115-$0.12, creating a wedge compressing price between $0.095-$0.105.
Derivatives data shows building conviction. Open interest jumped 2.30% to $1.08 …