Dogecoin & Shiba Inu Continue to Rise as Smog Pumps 10%


The meme coin frenzy has continued this week as the crypto market heats up.

Dogecoin (DOGE) and Shiba Inu (SHIB), the two most significant meme coins, continue their impressive rallies over the past 24 hours.

However, investors are also paying close attention to Smog (SMOG), the upstart Solana token that has surged 10% due to heightened speculation.  

Dogecoin Keeps Grinding Higher as Demand Intensifies

DOGE has racked up another 6% in the past day, with the coin currently trading around $0.170.

The OG meme coin’s ascent in recent days has been a slow burn – a marked difference from the price pumps seen during the first week of March.

By steadily grinding higher, DOGE has established a pattern of higher highs and higher lows on the 4-hour chart.

This methodical climb signals Dogecoin’s advance could be backed by more than just speculative mania this time around.

Still, the momentum hasn’t been as blistering as it was two weeks ago.

Slowing volume and rising volatility suggest traders are exercising more caution with DOGE this week.

Looking ahead, a significant resistance level looms around $0.180 – a price broken on March 5 before DOGE retraced aggressively.

Whether DOGE can topple that psychological level could determine if this run has the legs to target even loftier regions above $0.20.

Shiba Inu Cools Off After Red-Hot Rally, But Bulls Remain in Control

While Dogecoin has steadily added to its gains, Shiba Inu is following a slightly different trajectory.

SHIB has spiked 7% higher since yesterday, continuing its overall ascent.

However, when zooming out, the picture looks a tad murkier for the world’s second-largest meme coin. At the time of writing, SHIB is trading at $0.0000324. That price keeps it comfortably above the critical support level, around $0.000030, which has been held firm twice in the past five days.

Any consolidation above that level is likely a win for bulls looking to sustain momentum.

The problem is, compared to last week, Shiba Inu has largely been stagnating and even losing ground to Dogecoin.

SHIB topped out at a two-year high of $0.000045 on March 5, only to fall 29% in the past seven days.

This choppy price action may give some traders pause about Shiba Inu’s near-term trajectory.

While its enormous community of holders shows no signs of capitulation yet, the token may be flashing some warning signs after its incredible start to the month.

Smog’s Uptrend Shows No Signs of Stopping Ahead of Hyped Crypto Event

Another meme coin continuing to showcase growth is Smog, which has emerged as one of the hottest low-cap tokens of the past month.

This dragon-themed crypto is up over 10% since yesterday morning as speculative demand increases.

SMOG is trading around $0.276 per token after the latest pump – a far cry from the start of February when it was a virtually unknown project.

SMOG has rapidly gained a cult-like following thanks to innovative tokenomics and an aggressive marketing campaign.

Nearly 100,000 holders now own a piece of the token’s fully diluted $387 million market cap.

Over $3 million in SMOG has changed hands across exchanges over the past 24 hours alone.

This spike in trading volumes reveals a massive appetite from retail traders looking to gain exposure to SMOG’s rally.

However, the buying pressure may intensify as Smog’s team prepares for a hotly anticipated crypto community event.

On Friday, the project will host a buzzworthy X “Space” event featuring numerous high-profile crypto personalities and influencers.

According to Smog’s account, the online meetup will celebrate the completion of 1 million airdrop quests and include $1,000 worth of SMOG token giveaways.

With mysterious guests and prize incentives, the event could lead to a wave of fresh hype for SMOG.

Ultimately, SMOG’s 10% gain could be a mere appetizer before an even more impressive surge fueled by Friday’s event.

Visit Smog Token Website