Price Analysis

This Is Where Shiba INU (SHIB) & Dogecoin (DOGE) Price Will Be Heading This Weekend?

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Highlights

    Dogecoin & Shiba Inu prices are on the verge of a massive breakout, yet the upper levels may be little distinct

    Amid the bearish flip and consolidation, yet the popular meme coins are expected to rise more than 20% in the coming week

The traditional crypto assets, the DeFi tokens and the NFT’s are plummeting with a notable margin. However, the most popular meme coin in recent times, Shiba Inu price is gearing up for a remarkable rally over time. On the other hand, Dogecoin(DOGE) price is attempting very hard to sustain within the top10 and follow SHIB price. 

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Shiba INU (SHIB) Price Could Emerge Out OF Blue!

The Shiba Inu price at the press time is dropping with significant numbers in the past couple of hours. The asset before closing the previous month’s trade experienced a significant jump to hit the highest levels above $0.000008000. Woefully, the asset plummeted quickly, yet withheld above support levels. Despite SHIB price is currently dumping, yet the asset could range above the levels to attain the immediate resistance levels soon. 

shibinuchart
Source: Tradingview

The SHIB price with the slight jump had broken the descending triangle which is a pretty bearish indicator. The possibilities of the asset trending back within the triangle appears pretty high yet a rebound may charge towards the immediate resistance above $0.00007000. However, the trading volume has declined miserably and hence, the asset may take a while before the next leg up. 

Dogecoin (DOGE) Price Could Hit $0.35 Soon!

Dogecoin price in an attempt to smash the $0.35 levels but failed. And hence is going parabolic to achieve these levels. Despite the bearish flip, the probabilities of ranging beyond $0.3 appear to be high. Moreover, the trading volume has slightly increased compared to that of the previous day. And hence, the DOGE price is expected to gain huge bullish momentum in order to propel beyond $0.3 initially. 

dogecoinchart
Source: Tradingview

The DOGE price in the daily chart is forming a notable cup and handle pattern after the recent pullback. The asset may continue to flow towards the south for the next couple of hours before a notable flip breaks the bearish trend. The asset needs to smash the immediate target at $0.35 initially and also sustain in order to continue going parabolic. Else it may continue to trend below $0.26 yet above $0.2 and wait for the next push. 

On the whole, the meme coins currently are gaining huge user attention and adoption. A couple of businesses are thinking of Dogecoin & Shiba Inu as payments too. And hence, in the upcoming days, DOGE price and SHIB price both could break through the consolidation and range high. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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.

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