The prices of major meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) exhibited similar patterns of consolidation and compressed volatility on January 24, 2026, as both assets traded within well-defined technical ranges following recent upward moves.
Dogecoin (DOGE) was trading at $0.1246 at the time of reporting, holding firmly above a key hourly support level of $0.1233. The price action showed a 1.0% increase over the session but remained capped below a resistance level of $0.1283, which defined the top of its 24-hour range. The hourly chart indicated a tightening price structure, with candles compressing between these established levels, signaling a period of consolidation after an earlier intraday sharp rise. Against Bitcoin, DOGE was valued at 0.051393 BTC, showing a modest 0.1% gain.
Shiba Inu (SHIB) mirrored this range-bound behavior, trading steadily at $0.057776, a 0.2% gain over 24 hours. Its price was contained between a support level of $0.057694 and a resistance ceiling of $0.057993. The session's activity followed a breakout from a longer-term compression pattern, which was preceded by bullish divergences. Despite this breakout, SHIB did not decisively breach the overhead resistance. Notably, SHIB showed relative strength against major cryptocurrencies, gaining 1.5% against Bitcoin (trading at 0.0108808 BTC) and 2.7% against Ethereum (trading at 0.082665 ETH).
For both assets, the market focus shifted to technical positioning, with traders closely watching for a sustained break above resistance or a failure of support. The controlled, low-volatility conditions highlighted a pause in momentum as the market digested recent gains.
