TL;DR

• DOGE is up

• SHIB is up

• Harry Bolz Meme Coins Crash After Musk’s Name Reverts

• SEC Won’t Regulate Memecoins as TRUMP Token Loses $2B

• Galaxy, Ripple CEOs Backed TRUMP Token Launch

• Bitcoin and Altcoins Dominate as Memecoin Hype Fades

• CAR Memecoin Faces Deepfake Allegations

• Pump.fun Co-Founder: Altcoins Are Like Memecoins

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Dogecoin Price

Crypto is down this week, with DOGE up 3.3% and SHIB up 7.4%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin has been consolidating after a 22.6% decline over the past month, currently trading at $0.2649. However, rising network activity and technical indicators suggest a potential breakout, with analysts eyeing a move toward $4.

Daily active addresses have increased from 782K to 804K in just six days, while transaction volume surged 32% to $1.42 billion. This heightened activity signals growing investor engagement and aligns with historical accumulation phases that often precede major rallies.

Market analyst Ali Martinez highlights the strengthening network fundamentals, suggesting that DOGE is primed to break out of its consolidation phase.

The MACD remains in a bullish position, reinforcing upward momentum, while the RSI at 69.34 indicates approaching overbought conditions. If buying pressure sustains without excessive profit-taking, DOGE could maintain its trajectory toward higher price levels.

Several analysts have outlined bullish projections. Tardigrade identifies an ascending channel pattern, suggesting DOGE could reach $1.50 to $2.10 in the coming months. Chandler has extended his holding strategy until March 24, expecting a major price increase.

Javon Marks presents an even more optimistic forecast, projecting a 600% rally that could push DOGE to $2.28. These forecasts align with reduced exchange inflows, indicating that investors are holding rather than selling, further strengthening the asset’s position.

While Dogecoin’s historical volatility suggests potential price swings, recent stability supports the case for a steady uptrend. If momentum persists and key resistance levels are breached, the rally toward $4 remains in play.

As institutional and retail interest continues to grow, Dogecoin’s performance in the coming weeks will be critical in determining whether this bullish momentum translates into a significant breakout.

Shiba Inu (SHIB) remains locked in a downtrend despite recent whale activity suggesting potential accumulation. Over the past week, SHIB has struggled to break resistance at $0.00001676 while finding support at $0.00001462.

A mysterious wallet withdrew 151.61 billion SHIB ($2.41 million) from Coinbase, fueling speculation about large-scale accumulation. However, the wallet's lack of prior history raises questions about its true purpose. If this is an institutional move, it could indicate growing interest, but if it’s an internal exchange transfer, its impact on price may be limited.

Investor sentiment remains weak, with more SHIB transactions occurring at a loss than in profit. This has resulted in reduced network activity, further pressuring price action. SHIB's 0.94 correlation with Bitcoin means its trajectory is closely tied to BTC’s performance.

Analysts suggest that a Bitcoin breakout above $100,000 could provide the necessary momentum for SHIB’s recovery. However, without a clear catalyst, SHIB is likely to remain range-bound.

At $0.00001591, SHIB is showing early signs of a potential reversal but lacks strong confirmation. The Relative Strength Index (RSI) at 39.96 suggests it is still in bearish territory, though moving away from oversold conditions.

On-Balance Volume (OBV) remains subdued, signaling a lack of strong accumulation. A break above $0.00001676 could open the door for a move to $0.00002000, but failure to hold above support at $0.00001462 could lead to further downside.

Market analysts emphasize the importance of Bitcoin’s influence on SHIB’s next move. If BTC remains stable, SHIB could consolidate within its current range. A decisive breakout above key resistance, supported by rising volume, is needed to confirm a bullish trend. Until then, traders should exercise caution and monitor broader market conditions.

Financial News

Dogecoin Eyes Recovery as Key Indicators Strengthen

Dogecoin’s price action shows bullish potential, with its 4-hour RSI signaling a possible reversal from oversold levels. The memecoin recently retested a critical resistance at $0.255, with a breakout above $0.27 potentially driving DOGE to $0.50 or even $1. On-chain activity remains stable, with daily active addresses and whale transactions supporting market interest.

Historical data suggests whale movements significantly impact price trends. If engagement remains high, DOGE could rally further. However, failure to sustain current levels may push the price back to $0.24, highlighting the volatility and speculative nature of its market trajectory.

Harry Bolz Meme Coins Crash After Musk’s Name Reverts

Meme coins inspired by Elon Musk’s brief name change to "Harry Bolz" on X have plummeted after he reverted to his original name. Some HARRYBOLZ tokens, which surged over 50,000% in an hour, have now lost between 50% and 80% of their value.

The frenzy, similar to past Dogecoin and FLOKI spikes, saw early traders make massive profits, with one turning $156 into $52,000. However, late buyers suffered losses as interest faded. This trend highlights Musk’s continued influence on meme coin markets, where hype-driven rallies often end in sharp declines.

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