Dogecoin is trying to rewrite history with the Shiba Inu meme

Dogecoin, long considered a leader in the meme Shiba Inu segment, is now at a critical turning point. After four months of decline that began in October 2025, the cryptocurrency is showing positive signals this month that could pave the way for a market confidence recovery. As February approaches, investors and traders are closely watching whether Dogecoin can shake off the selling pressure that has plagued it for weeks.

From Crisis to Recovery: January Rise and Its Significance

January brought the first signs of recovery. According to data from Cryptorank, Dogecoin increased by 3.51 percent, which may not sound like a huge number, but in the context of recent developments, it is a significant achievement. Recall that over the past three months of last year, Dogecoin experienced painful declines: October down 20 percent, November down 21.3 percent, and December down another 19.9 percent. Despite these drops, the average monthly increase during these months gradually gained strength—from 8.94 percent, through 15.5 percent, to 18.9 percent.

This discrepancy between monthly gains and price declines reflected the volatility characteristic of the entire market. Bitcoin, which often sets the trend for altcoins including Dogecoin, experienced similar turbulence. Meme coin investors now ask whether the 3.51 percent uptick is just a short-term detour or the beginning of a longer recovery.

Price Under Pressure: Technical Signals Are Not Fully Clear

The current situation for Dogecoin is complicated. According to the latest data from February 12, 2026, the price hovers around $0.09, a decline from previous levels. However, in the last 24 hours, Dogecoin has risen by 5.51 percent, indicating that the market is trying to shake off selling pressure.

Technical indicators, however, sound a warning. The Relative Strength Index (RSI) is around 42.59, meaning Dogecoin still has room to fall further before entering oversold territory. The key support level of $0.125, which Dogecoin has maintained since October, has already been broken, indicating a loss of an important psychological level.

Trading volume, which should confirm a potential rise, is not in the best shape. While Dogecoin is trying to recover, volume has decreased by 13.2 percent to approximately $1.07 billion, suggesting resignation rather than active buying activity. Regulatory pressure from Russia and the US contributes to the uncertain atmosphere on the market.

Meme Coin Battlefield: DOGE and SHIB in February Dominance

Meanwhile, an interesting rivalry is developing in the meme Shiba Inu segment. Dogecoin faces increasing competition from Shiba Inu (SHIB), and a key pattern is the historical trend: Shiba Inu has never lost to Dogecoin in February in terms of monthly performance. This trend has repeated over the years, and in 2026, it is expected to continue.

For the Dogecoin community, February is thus a critical test. Not only to see if the meme coin can recover lost gains but especially to maintain its leadership position in the meme Shiba Inu segment. At the same time, SHIB is gathering momentum for another attack, making the coming weeks decisive.

What Lies Ahead for Dogecoin and Meme Shiba Inu

There are two scenarios. The optimistic one assumes Dogecoin will retain its January gains, and February will be at least a sideways consolidation month, which would be positive for holders. This would require trading volume to return and larger accumulation activity from big players to reappear in the market.

The more pessimistic scenario points to weakening technical signals and lower volumes, which could lead to further testing of lower levels. If Dogecoin falls below critical levels, it could be doomed to a longer period of retracement, allowing SHIB to strengthen its position in the meme Shiba Inu segment.

Traders and investors expect clarity to emerge during February. The key will be whether Dogecoin adopts a defensive stance and tries to hold onto new gains or attempts a more aggressive move back to higher levels. For the meme Shiba Inu community, this is a pivotal moment that will determine how the sector develops in the coming months.