Will DOGE and SHIB Experience an Upward Move? Market Analysis and Price Trends

Discover the latest market analysis and price trends for DOGE and SHIB. Find out if there is a high chance of an upward move for these cryptocurrencies.

Posted 8 months ago in Market Analysis


A chart showing the price trends of DOGE and SHIB

The market is mainly red on the first day of the weekend, according to CoinMarketCap's ranking. Top coins by CoinMarketCap DOGE/USD The price of DOGE has declined by 0.20% since yesterday. Image by TradingView Today's slight decline has not affected the general technical picture of DOGE on the daily time frame. The falling volume confirms that neither bulls nor bears could seize the initiative so far.

In this case, ongoing sideways trading in the area of $0.062-$0.066 remains the more likely scenario for the next few days. DOGE is trading at $0.06344 at press time.

SHIB/USD The rate of SHIB has followed DOGE, going down by 0.39% over the last 24 hours. Image by TradingView From the technical point of view, SHIB is trading similarly to DOGE as the price has not decided which way to go yet. However, if the decline continues to the $0.00000740 mark, there is a high possibility of a support breakout followed by a blast to the $0.000007 area shortly. SHIB is trading at $0.00000762 at press time.

Last updated 9/10/2023, 3:16:02 PM

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