Dogecoin (DOGE) and Shiba Inu (SHIB) show early signs of a potential rally as both meme coins stabilize at key support levels. On-chain metrics for dog-themed meme coins show positive funding rates and dormant activity, reinforcing bullish sentiment. The technical outlook also supports the case for double-digit gains, setting the stage for renewed upward momentum in the dog-themed crypto duo.

Bitcoin price broke above its $105,000 resistance level on Sunday and retested, finding support around this level the previous day. On Tuesday, it again retested this support level and rose slightly. At the time of writing on Wednesday, it stabilizes at around $106,700. If the $105,000 remains strong, BTC could extend the rally toward the all-time high of $109,588 set on January 20.