As a seasoned analyst with over two decades of market experience under my belt, I’ve seen bulls come and go, but the crypto world remains as unpredictable as ever. Looking at the current state of DOGE and SHIB, it seems we might be in for a bumpy ride.
Bulls could not hold the initiative until the end of the week, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has dropped by 1.83% since yesterday. Over the last week, the price has risen by 6.36%.
As a crypto investor, I’m observing that DOGE‘s price trend on the daily chart stays bearish, with the resistance level of $0.1147 still unbroken. Yet, if we experience a breakout, it could potentially lead to a test of the $0.12 to $0.1250 range next week.
DOGE is trading at $0.11 at press time.
SHIB/USD
The price of SHIB has gone down by 2.02% over the last day.
From the technical point of view, the rate of SHIB is trading similarly to DOGE.
If purchasers take control and push the price back up to its peak, merchants could observe a surge, potentially leading to a breakout that might extend towards the $0.000017 price point.
SHIB is trading at $0.00001514 at press time.
Read More
- SOL PREDICTION. SOL cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- USD ZAR PREDICTION
- USD PHP PREDICTION
- WIF PREDICTION. WIF cryptocurrency
- HYDRA PREDICTION. HYDRA cryptocurrency
- MDT PREDICTION. MDT cryptocurrency
- USD VES PREDICTION
2024-08-25 18:24