HomeDogecoinDOGE, SHIB, BONK: Resistance Levels, ETF Speculation, and Whale Activity Drive Volatile...

DOGE, SHIB, BONK: Resistance Levels, ETF Speculation, and Whale Activity Drive Volatile Price Action

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  • Dogecoin tests $0.18 resistance amid ETF speculation, while SHIB eyes $0.00001320 breakout and BONK surges 16% post-pattern breakout.
  • DOGE’s 45% YTD drop contrasts bullish technicals; SHIB whale activity spikes 95% as BONK targets $0.00001980.

Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk (BONK) are leading a resurgence in meme coin momentum, posting daily gains of 7.78%, 5.34%, and 16.71%, respectively, as bullish sentiment returns to speculative crypto assets.

DOGE, trading at $0.1718, is testing the critical $0.17–$0.18 resistance zone, with traders eyeing a potential breakout toward $0.22 if ETF approval rumors materialize.

SHIB, up 8.58% weekly, faces a pivotal test at $0.00001320, bolstered by a 95% spike in whale transactions. Meanwhile, BONK’s explosive 16% surge follows a bullish symmetrical triangle breakout, targeting $0.00001980 if it clears $0.00001500 resistance.

DOGEUSD_2025-04-22_12-25-02
Source: Tradingview

Dogecoin (DOGE) is currently trading at $0.1718, reflecting a +7.78% gain in the last 24 hours and an 8.28% increase over the past week, signaling renewed bullish momentum.

Although DOGE is still down 45.57% year-to-date, it has climbed 22.74% in the last 6 months, showing strength relative to many altcoins. The coin is also back in the top 8 cryptocurrencies by market cap, now valued at approximately $25.57 billion, surpassing Tron.

DOGEUSDT_2025-04-22_12-29-51
Source: Tradingview

Technically, DOGE is approaching the upper boundary of a descending triangle, and is currently testing the $0.17–$0.18 resistance zone. A breakout above this region could trigger a surge toward $0.20–$0.22, especially if the 200-day EMA at $0.1822 is reclaimed.

DOGEUSD_2025-04-22_12-27-11
Source: Tradingview

On the downside, the key support sits around $0.1560, and losing this level could open the door for a retest of $0.1440 or even $0.0935 if selling pressure increases. Oscillators are leaning bullish, and sentiment in the DOGE community is heating up again.

Fundamentally, DOGE is riding a wave of optimism as speculation grows over the potential approval of a spot Dogecoin ETF. Firms like Grayscale and 21Shares are rumored to be preparing proposals, although the probability of approval by 2025 has dropped slightly from 75% to 52%. 

Nonetheless, institutional interest and growing social media hype—particularly around “DogeDay” on April 20—are adding fuel to the rally. DOGE’s daily volume of over $1.14 billion further confirms active retail and whale participation.

SHIBUSD_2025-04-22_12-34-42
Source: Tradingview

Shiba Inu (SHIB) is currently priced at $0.00001302, with a solid +5.34% daily gain, and an 8.58% increase over the past week, signaling renewed momentum in the meme coin market. Despite this rebound, SHIB remains down 38.33% year-to-date and over 50% lower compared to last year, reflecting its ongoing recovery from deep correction territory. 

The memecoin is still significantly below its all-time high of $0.00009000, but investor interest appears to be re-emerging, driven by strong community backing and whale activity.

From a technical standpoint, SHIB is trying to break above the $0.00001320 resistance, which, if cleared, could open the path toward $0.00001480–$0.00001700, levels that correspond to previous liquidity zones. If SHIB faces rejection here, it may pull back toward $0.00001150, where historical buying interest has been strong. 

Momentum indicators are leaning bullish, and recent whale activity has jumped by 95%, with over 40 trillion SHIB moved in large transactions—an indication of accumulation or positioning for a potential breakout.

BONKUSD_2025-04-22_12-35-40
Source: Tradingview

Bonk (BONK) is currently trading at $0.00001439, recording an impressive +16.71% daily gain, and +12.28% over the past week. The meme coin is showing strong bullish momentum, despite being down 52.89% year-to-date and 31.09% over the past year, highlighting its highly volatile, speculative nature. 

BONK remains more than 75% below its all-time high of $0.000059, but its market cap has rebounded to over $1.13 billion, with a strong 24h trading volume of $155 million, confirming active participation from both retail and whales.

Technically, BONK has broken out of a symmetrical triangle pattern, which many traders interpret as a bullish continuation signal. The token is now pushing against the $0.00001500 resistance, which, if broken, could trigger a rally toward $0.00001720 and $0.00001980, zones where prior sell-offs occurred.

BONKUSDT_2025-04-22_12-36-56
Source: Tradingview

If BONK faces rejection at current levels, key support lies around $0.00001280, followed by a deeper zone near $0.00001140. Oscillators like RSI are turning upward, and analysts on ETHNews have flagged BONK’s setup as one of the most explosive among meme coins right now.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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