As a seasoned crypto investor with battle-scarred fingers from past bear markets and countless successful trades under my belt, I find myself intrigued by the current surge of Dogecoin (DOGE) and Shiba Inu (SHIB). The market’s overall growth is always a welcome sight, but it’s these two canine coins that have caught my attention today.
According to CoinStats, while the market generally expands at the start of the week, it’s important to note that there can be occasional instances where this trend doesn’t hold true.
DOGE/USD
DOGE is the biggest gainer today, rocketing by almost 20%.
On the day-to-day graph, it’s crucial for traders to observe the upcoming bar’s closing price in relation to yesterday’s highest point. Should a misleading breakout occur, there might be an opportunity for a readjustment towards the $0.28 region.
DOGE is trading at $0.2895 at press time.
SHIB/USD
SHIB has followed the growth of DOGE, rising by 12%.
Despite today’s sharp rise, the price of SHIB is trading within yesterday’s daily bar.
If things don’t shift by the close of today, it seems quite probable that the market will move horizontally, with trades occurring between approximately 0.000024 and 0.000028.
SHIB is trading at $0.00002615 at press time.
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2024-11-11 16:41