Best Crypto to Buy Today: Here’s Why Dogecoin and Shiba Inu Are Top Picks

• DOGE’s 2.61% gain to $0.2552 signals renewed confidence as strong liquidity and steady accumulation reinforce upward momentum near key support.
• SHIB’s 1.53% rise shows resilience above the $0.000012 level, with higher lows indicating sustained community-driven participation and gradual bullish continuation.
• The synchronized advance of DOGE and SHIB highlights a revival in meme coin trading, suggesting a renewed speculative phase within the broader altcoin recovery.

The charts and performance data for Dogecoin (DOGE) and Shiba Inu (SHIB) on October 5 illustrate steady upward trends in major meme-based cryptocurrencies, supported by improved liquidity and a modest risk-on sentiment in the altcoin market. Both assets demonstrated intraday volatility but closed higher, signaling renewed speculative interest and technical resilience.

Dogecoin (DOGE) Sustains Positive Momentum

Dogecoin advanced 2.61% over the past 24 hours to trade at $0.2552, reaching an intraday high of $0.2648 and a low of $0.2485. The chart shows a sharp morning rally followed by consolidation, reflecting profit-taking after strong upward movement. DOGE’s market capitalization of $38.59 billion and 24-hour trading volume of $2.15 billion underscore its continued dominance among top altcoins.

                         Source: Coindesk

This steady performance suggests consistent accumulation near the $0.25 support level, which remains a key psychological threshold. Sustained buying activity indicates improving short-term sentiment, supported by increased retail participation. If momentum holds, Dogecoin could challenge the $0.27–$0.28 resistance area in the coming sessions.

Shiba Inu (SHIB) Follows with Mild Gains

Shiba Inu rose 1.53%, trading at $0.00001253, with a daily high of $0.00001295 and a low of $0.00001230. The token’s chart reveals a similar pattern to DOGE, with an early surge followed by stabilization through the afternoon. SHIB’s market capitalization reached $7.38 billion, with 24-hour trading volume at $174.10 million, signaling steady participation from the community-driven market.

                                   Source: Coindesk

The upward movement reinforces SHIB’s recovery from recent lows, showing resilience amid broader altcoin fluctuations. Although the price action remains range-bound, consistent higher lows indicate underlying strength. Continued trading above $0.000012 could pave the way for a retest of the $0.000013 resistance zone.

Market Overview

The combined performance of DOGE and SHIB highlights gradual re-engagement in the meme coin segment, which often strengthens during altcoin rotations. With both assets showing controlled volatility and rising demand, the trend points to sustained speculative momentum. This stability signals that the meme coin sector remains active, reflecting improving sentiment across the broader crypto market.