With Bitcoin (BTC) making a strong comeback to $80,000, optimism is buzzing in the crypto markets, and many are anticipating a rally for altcoins. In the world of memecoins, the big question is: will Dogecoin (DOGE) take the lead, or will Shiba Inu (SHIB) price surge ahead?

Bitcoin’s $80K Move Improves Odds for DOGE & Shiba Inu Price Rally

Bitcoin’s recent bullish momentum is fueling a positive outlook across the crypto space. When conditions are this favorable, Shiba Inu appears to have a slight advantage, as recent market behavior suggests. Looking at comparative returns, data from TradingView indicates that SHIB price is currently down -42%, while DOGE price is down -48%. This suggests that Shiba Inu holders might be exhibiting less selling pressure compared to Dogecoin holders.

If Bitcoin can maintain its bullish trajectory and stay above the $80,000 mark, there’s a good chance BTC could revisit $100,000 before the end of April. Should this happen, Shiba Inu seems particularly well-positioned to rally and potentially take the lead in the meme coin market.

When it comes to Dogecoin versus Shiba Inu, it looks like investors are showing stronger interest and commitment to SHIB. Plus, Elon Musk’s past involvement with Dogecoin seems to have somewhat diminished its earlier hype, and the original meme coin hasn’t quite regained its previous momentum.

Shiba Inu, in contrast, was specifically created and marketed as a ‘Dogecoin-killer,’ and this narrative fueled its impressive rallies in its early days. Therefore, the odds of SHIB outperforming the original dog-themed meme coin appear to be stronger.

Dogecoin & Shiba Inu Price Analysis

Let’s dive into Dogecoin price analysis. Currently, DOGE is showing signs of bouncing back from the $0.139 to $0.150 support area. Interestingly, this zone previously acted as a significant resistance level back in mid-2024. However, once DOGE broke above it, it ignited a massive 250% rally in just 50 days. This history makes holding onto these support levels critical for Dogecoin bulls hoping for a bullish reversal and a renewed uptrend.

If Dogecoin manages to break out above $0.196, it would signal a potential shift in market structure, giving bulls the upper hand. In such a scenario, Dogecoin price predictions suggest a possible 60% climb towards $0.313. However, if buying interest really picks up, DOGE could even set its sights on $0.484, representing a substantial 110% surge.

Taking a quick look at Shiba Inu’s price movements, we can see that SHIB has broken through declining trendlines that had been acting as resistance. Now, the key for SHIB is to successfully overcome the $0.00001364 resistance level and turn it into a solid support floor to confirm the start of a genuine bull run.

Should this happen, Shiba Inu price forecasts indicate a potential explosive upward move of 108%, targeting $0.00002868.

Considering Shiba Inu’s ambition to be the ‘Dogecoin-killer,’ it’s quite likely that this newer meme coin will be the one to skyrocket and lead the meme coin pack. DOGE might then follow in SHIB’s footsteps.