DOGE and SHIB Gain as Risk Appetite Returns Amid Political and Market Shifts
Dogecoin (DOGE) jumped over 6% in the past 24 hours, climbing back above $0.18 after U.S. President Donald Trump hinted at a possible $2,000 direct stimulus plan. The announcement reignited risk-on sentiment across speculative assets, drawing parallels to the 2021-era retail-driven meme coin rally that saw Dogecoin and Shiba Inu (SHIB) skyrocket.
Stimulus Hopes and Market Reaction
Trump’s comments during a press briefing sparked a noticeable uptick in meme coin trading volumes, with DOGE, SHIB, and PEPE leading the gains. The broader crypto market responded positively, though large-cap assets like Bitcoin and Ethereum saw more modest moves.
“Stimulus talk has always been a catalyst for speculative flows,” said BitXJournal market analyst. “Retail traders see direct payments as extra liquidity, and that historically favors meme coins and high-volatility tokens like DOGE.”
The renewed retail activity coincides with an increase in social media mentions of Dogecoin, suggesting a short-term sentiment spike reminiscent of early 2021 trading dynamics.
Technical Levels and Market Structure
On the technical side, Dogecoin is attempting to reclaim its support range near $0.175–$0.185, after rebounding strongly from a major demand zone around $0.16. Price action shows a break of structure (BOS) on the daily chart, indicating a potential short-term trend reversal.
The next resistance zone sits between $0.20 and $0.22, where sellers have historically capped rallies. A clean break above $0.22 could open the path toward $0.26, while failure to hold above $0.17 might trigger another retest of the lower green zone shown in the chart.
While traders remain cautious, the combination of stimulus speculation and renewed meme coin enthusiasm may continue to drive near-term volatility. If Dogecoin sustains momentum above its current level, analysts say the $0.20 breakout could become a critical marker for a broader meme coin resurgence.
Dogecoin’s rebound highlights how macro narratives still strongly influence retail-driven sectors of the crypto market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.