The REX-Osprey DOGE ETF is set to begin trading today, sparking notable activity in Dogecoin’s trading volume and price chart. Meanwhile, on the Shiba Inu front, short-term resistance thresholds are being closely monitored.
Dogecoin’s Resistance Test Ahead of ETF Launch
Dogecoin 
$0.10886 has seen a rise of over 15% in the past week, climbing to $0.2494. Intraday trading has reached $0.253, and traders are focusing on the $0.2680 level. However, trading volume has decreased by more than 11%, dropping to $3.24 billion, which serves as a critical indicator for price movement.
The launch of the ETF is expected to make Dogecoin more accessible to both individual and institutional investors. This could potentially stimulate buying and selling activities. Dogecoin previously surged to $0.4672 in December 2024 and reached an all-time high of $0.7376 in May 2021. The market is keenly observing the impact of the new ETF on its price.
Short-Term Price Outlook for Shiba Inu
Shiba Inu has risen by 1.53% over the last 24 hours, reaching $0.00001310. The memecoin has tested resistance at the $0.00001320 level on the hourly chart and could move towards $0.00001350 if a breakout occurs.
In the medium term, SHIB coin is trading away from significant support and resistance points. Hence, it is more likely to fluctuate within the range of $0.00001250 to $0.00001350. Whether the price will hold this range will become more apparent in the coming days.
