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 8 months ago in Bitcoin


Cryptocurrency market chart showing the rise of DOGE and SHIB prices

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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