Price Analysis

Dogecoin Price Could Test Higher Resistance, Shiba Inu Price Attempts To Kill A Zero

Written by: Sahana Vibhute

Written by right arrow

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

  • author facebook
  • author twitter
  • linkedin

Aug 16, 2021

news-image
Article Highlights
  • Dogecoin price strongly heads towards the next resistance levels above $0.4 as the bulls get intensified

  • Shiba Inu price after multiple rejections at $0.00000900 levels could finally break the barrier to hit $0.00001

Dogecoin prices in recent times have showcased immense potential to climb towards the mentioned levels. After going inversely parabolic a couple of times, it became extremely difficult for the price to march above $0.25. However, after billionaire Mark Cuban backed the asset, the price held a strong grip to rally high. 

As Coinpedia has reported earlier that the DOGE price could breach $0.3 levels, the price surged accordingly.  The price went completely parabolic aiming to hit the resistance zone above $0.4. Once the price successfully sustains within these regions, forming new ATH could be with minimum effort. 

dogechart

On the other hand, Shiba INU price is yet again testing the important resistance zone above $0.00000900. The asset has previously attempted to break through these levels but woefully failed each time. However, currently, the momentum appears to be extremely strong as the asset climbed nearly 15%.

Despite a clear uptrend, yet the asset is still attempting hard to sustain and break the zones as the bears are gearing up. But the SHIB price appears to be poised to diminish a zero and continue with the uptrend. 

shibchart

Collectively, Dogecoin price and Shiba Inu price appear to have accumulated extreme bullish momentum to rally high. But slight pullback could also make their way out yet the bulls may not allow further shed of gains. As the DOGE price and SHIB price could hit higher highs amid this bull run. 

Show More

Was this writing helpful?

dislikeimage No myImage Yes

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Related Articles

Back to top button