DOGE and SHIB Bounce Back: How Long Will It Last?

Read about the recent bounce back of DOGE and SHIB and how long it is expected to last.

Posted 7 months ago in Altcoins

Dogecoin and Shiba Inu coin on a colorful background

Bulls tend to be more powerful than bears on the first day of the week, according to CoinStats.

The price of DOGE has increased by 0.68% over the past 24 hours. On the daily chart, the rate of DOGE is approaching the recently formed resistance of $0.06296. If buyers keep the price around that mark, the accumulated energy should be enough for a blast to the $0.065 zone soon.

DOGE is trading at $0.06245 at press time.

SHIB has followed the rise of DOGE, going up by 1.11%. Today's rise has not affected the general position of DOGE on the chart. The rate remains far from the level of $0.00000757, which means that it is too early to think about a reversal.

In this case, sideways trading in the area of $0.00000730-$0.00000750 is the more likely scenario for the following week.

SHIB is trading at $0.00000735 at press time.

Last updated 9/18/2023, 10:28:24 PM


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