Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE) Are Back, But a Newer Project, BlockDAG (BDAG), Is Starting to Turn More Heads

Traders are back to watching familiar names like Shiba Inu (SHIB) and Dogecoin (DOGE) this week, while a newer project, BlockDAG (BDAG), is beginning to turn more heads

Shiba Inu (SHIB) price action has some traders comparing the chart to its early 2021 run, while technical support zones are hinting at possibilities for upward momentum.

Shiba Inu (SHIB) Price Movement Could Indicate Breakout Potential

There’s growing interest in the latest Shiba Inu (SHIB) price movement, with analysts pointing to similarities with early 2021 activity. Currently priced at $0.00001360, SHIB dipped slightly over the last 24 hours but is still up 2.9% for the week. Traders are watching closely as the price continues to build off key support levels.

Some technical indicators, including an inverse head and shoulders pattern and Fibonacci retracement levels, are beginning to suggest bullish momentum could follow. If SHIB maintains its current support and breaks above nearby resistance, forecasts suggest the price could aim for $0.00003000 or more.

Much of the price action is still influenced by Bitcoin’s overall trend, but if SHIB mirrors its past behavior, a stronger rally could be on the table. For now, SHIB continues to be viewed as a potential comeback story in the altcoin space.

Dogecoin Price Outlook Shows Cautious Optimism Amid Whale Activity

Whale wallets have been massively loading up on DOGE, adding new weight to the Dogecoin (DOGE) price outlook. On-chain data shows large holder accumulation rising by 111%, raising questions about whether a price jump could be next.

Currently trading at $0.1792, DOGE has run into consistent resistance at the $0.18 mark. While indicators like RSI and MACD show mild strength, volume remains largely flat. Analysts say April has historically been a strong month for DOGE, and recent updates to Libdogecoin could increase the token’s use case.

Still, the Dogecoin (DOGE) price outlook is clouded by uncertainty. If the $0.17 support breaks, a drop to $0.15 could follow. Traders are looking for a decisive move before taking stronger positions.

BlockDAG Secures CertiK Audit as Presale Surpasses $225 Million

In a move that will surely have heads turning, BlockDAG (BDAG) has brought in CertiK to perform a full audit of its smart contracts. This is no small feat, especially in a space notorious for presale scams and over-allocations.

CertiK is a renowned blockchain security firm, and its involvement is a testament to BlockDAG’s commitment to transparency and robustness. In an industry often focused on short-term gains, few presale projects prioritize security so thoroughly.

The current limited-time token offer price of $0.0019 and the presale progress are also noteworthy. Already, over 19.6 billion BDAG tokens have been sold, exceeding the $225 million mark. Early bird investors who bought tokens at $0.08 in December 2022 have already seen a 2,520% return on their investment.

Those entering the presale now can still buy tokens at a highly discounted price of $0.0019, an attractive entry point compared to batch 28, which is currently priced at $0.0262. The token is set to launch on exchanges at $0.05.

With its focus on utility and transparency, BlockDAG is earning a spot among the top crypto performers gaining momentum this quarter. As traders look beyond memes and short-term pumps, projects like BlockDAG, which are built on real-world use cases and a loyal community, are likely to continue to attract attention.