Last Time Dogecoin Volume Crossed $4 Billion SHIB and DOGE Went Parabolic

As anticipated by analysts, the November entry marked the start of the Bitcoin bull market. Bitcoin is close to a new all-time high, but a last push remains. DOGE, the memecoin leader, burst out of its four-month high with record volume.

Shiba Inu rebounded 19% in four days after the short-term adjustment. Most altcoins are also rising, making this a fantastic time to add foundational currencies to your portfolio. The recent price behavior of DOGE and SHIB and a prospective hot name will be discussed.

DOGE Aims High With Multi-Week Breakout
After almost six months of market decline, DOGE's weekly chart breakthrough reassured investors. Dogecoin volume has trended after exceeding $4 billion intraday. After months of decline, Dogecoin volume soared, demonstrating substantial trading engagement.

In 24 hours, Dogecoin volume surpassed $3.30 billion with a 5% price gain. DOGE encountered a slight roadblock at 1 FIB based on the Fibonacci extension. Upcoming resistance is $0.20, and immediate support is $0.131.

Ichimoku Cloud Channel Supports Shiba Inu, Uptrend Ahead?
Recently, SHIB has done badly compared to DOGE, with little movement in the previous 30 days. Since September, Shiba Inu has failed to maintain momentum and returned to the Ichimoku channel. SHIB rose 15% from support to $0.000018.

If DOGE keeps rallying, Shiba Inu will follow. If anything goes wrong, traders should stick to their stop loss. SHIB's monthly breakthrough level of $0.000021 is key resistance.

#DOGE #SHIB #Memecoins $DOGE