The cryptocurrency market kicked off the week on a positive note as top meme coins, including Dogecoin (DOGE) and Shiba Inu (SHIB), pushed to regain strength after a slow and bearishly biased weekend.
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.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices hover around $0.172 and $0.000012 at the time of writing on Monday after falling nearly 5% the previous week. DOGE and SHIB funding rates are negative, indicating more traders are betting that dog-based meme coins will fall.