TL;DR

• DOGE is up

• SHIB is down

• Memecoin Market Crashes 56%

• Dogecoin ETF Speculation Fuels Potential Breakout

• Ronaldinho’s Token Launch Sparks Controversy

• AI Token Creation Plummets as Memecoins Surge

• SEC Commissioner Challenges Memecoin Ruling

• Ripple’s Schwartz on XRP-Linked Memecoin Liquidity

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Dogecoin Price

Crypto is down this week, with DOGE up 3.0% and SHIB down 4.2%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin (DOGE) has captured investor attention following significant whale accumulation and bullish technical indicators. Analysts anticipate a potential rally fueled by institutional interest, historical price trends, and improving market conditions.

Crypto analyst Ali Martinez reported that Dogecoin whales accumulated 180 million coins within 24 hours, with transactions centered around $0.20. Such large-scale buying suggests strong market confidence, signaling potential price appreciation despite recent market volatility.

Analyst Kevin (@Kev_Capital_TA) highlighted that Dogecoin’s weekly RSI is at levels last seen in October 2023 when DOGE was at $0.10. The price is also testing a long-standing trendline from early 2023, along with the 0.5 Fibonacci retracement at $0.19. These indicators suggest an oversold condition, providing an attractive accumulation opportunity.

Additionally, DOGE’s MACD on the three-day chart is nearing a bullish crossover, a pattern historically linked to trend reversals. If confirmed, it could signal the start of a sustained uptrend.

Dogecoin, like the broader crypto market, recently faced declines due to macroeconomic concerns. February saw DOGE drop 19% monthly, influenced by new U.S. import tariffs that initially pressured risk assets. However, analysts suggest these policies may lead to looser monetary conditions, benefiting crypto in the long run.

MicroStrategy’s Michael Saylor noted that these tariffs could weaken the U.S. dollar, potentially prompting the Federal Reserve to ease interest rates. Such a shift could inject liquidity into the crypto market, supporting DOGE’s recovery.

The odds of a spot Dogecoin ETF approval in the U.S. have risen to 63%, according to analyst Kevin. If approved, institutional exposure could drive significant price appreciation. CryptoELlTES projected that an ETF listing could trigger a 5x rally, mirroring trends seen with other major crypto assets.

Trader Tardigrade pointed out that DOGE is following a "Mean Reversion" pattern, which often precedes a return to historical price averages. Additionally, a recent daily close formed a Dragonfly Doji, a bullish reversal pattern suggesting that selling pressure may be diminishing.

Analyst Chandler also noted that DOGE’s MVRV ratio has not yet shown the bearish divergence seen in past cycles, further reinforcing a positive outlook.

With strong whale accumulation, bullish technical signals, and growing institutional interest, Dogecoin appears primed for a potential breakout. While macroeconomic factors remain a consideration, analysts remain optimistic about DOGE’s long-term prospects, with a possible rally on the horizon.

Shiba Inu (SHIB) Shiba Inu (SHIB) is holding above the $0.000013 support level, gaining momentum ahead of the Trump Crypto Summit on March 7. The meme coin has recorded slight gains in the past 24 hours, mirroring Bitcoin’s 5% surge. Analysts are monitoring whether the summit could trigger a major rally.

The upcoming summit, hosted by Donald Trump, will feature key industry figures, including Robinhood CEO Vlad Tenev. His presence has fueled speculation about SHIB, as Robinhood remains a key trading platform for the token. Tenev may highlight SHIB’s expansion beyond its meme coin origins, potentially boosting sentiment.

Some analysts believe the event could influence regulatory policies, with Trump possibly unveiling pro-crypto measures. Investors are watching closely to see if such developments could drive SHIB higher.

SHIB is trading at $0.00001325, up 1.38%, with resistance at $0.000015 and support near $0.00001. A breakout above $0.000015 could push SHIB toward $0.000018 and possibly $0.00002. If the summit fuels bullish sentiment, SHIB may even attempt a run toward its all-time high.

The MACD shows bullish momentum, with the histogram indicating reduced selling pressure. However, SHIB needs to hold above $0.00001350 for confirmation. The RSI is at 47, signaling neutral conditions. If buyers maintain control, SHIB could test resistance at $0.000015. A drop below $0.00001250 might lead to a retest of $0.00001 support.

Despite SHIB’s near-term optimism, the broader memecoin sector has plummeted. Since December 2024, the market cap has dropped 56%, falling from $124 billion to $54 billion as of March 5. Gains from Trump’s November election win have been erased, with volatility driven by new memecoin launches and speculation.

Analysts cite economic uncertainty, regulatory concerns, and insider trading as key reasons for the decline. Anmol Singh, co-founder of Zeta Markets, noted that the “memecoin bubble has burst” due to shifting market dynamics and increased speculation.

As SHIB approaches the Trump Crypto Summit, investors are watching whether sentiment will shift. A strong market reaction could reignite memecoin enthusiasm, but broader market conditions remain a challenge.

Financial News

Memecoin Market Crashes 56%

The memecoin market has plunged 56% from its December peak, erasing all gains since Trump’s election. Market cap dropped from $124 billion to $54 billion, driven by economic uncertainty, lack of regulation, and insider trading. Analysts predict consolidation around major tokens like Dogecoin, Shiba Inu, and the Official Trump memecoin, while smaller coins fade.

Dogecoin leads with 53% dominance, followed by SHIB and PEPE. Experts warn of shifting liquidity as investors become cautious. Despite the downturn, some believe memecoins remain integral to crypto, with focus shifting to well-established assets like DOGE.

Pump.fun Volume Drops 63% in February

Pump.fun’s trading volume fell 63%, from $119 billion in January to $44 billion in February, its lowest since October 2024. New token listings also declined sharply. Co-founder Alon Cohen attributed the drop to the broader market downturn.

Growing concerns over insider trading and rug pulls, highlighted by the $107 million “Libragate” scandal, have further dampened interest in memecoins. Regulatory scrutiny is rising, with the SEC affirming that memecoins aren’t securities but warning against fraud. Despite the decline, Pump.fun’s February volume remains the fourth-highest since its 2024 launch.

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