DOGE and SHIB Prices: Can Their Upward Momentum Continue?
Find out if the upward momentum of DOGE and SHIB prices can be sustained. Stay informed with the latest cryptocurrency market analysis.
Posted 10 months ago in Bitcoin
The market might have found a local bottom, according to CoinStats. Top coins by CoinStats DOGE/USD The price of DOGE has increased by 1.96% since yesterday.
Today's rise has not affected the technical picture on the daily time frame as the rate keeps trading in the middle of a wide channel. At the moment, one should pay attention to the vital mark of $0.06. If the candle closes below it, traders are likely to see a further correction to the support of $0.0556 shortly. DOGE is trading at $0.06142 at press time.
SHIB/USD SHIB has turned out to be more of a gainer than DOGE, rising by 3.23%.
Despite the rise, the price of DOGE remains below the level of $0.00000725. Thus, the selling volume is rising, which means that bears are more powerful than bulls.
If buyers cannot return the rate above the mentioned mark, a fall is likely to continue to the area of $0.000007. SHIB is trading at $0.00000724 at press time.
Last updated 9/13/2023, 2:36:46 AM
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