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🤷👇Top Meme Coins Show Mixed Emotions! DOGE OR SHIBA Which One to Buy?
#Dogecoin Is Showing a Downward Trend:
Despite the increased volatility in the market, the #DOGE price has formed an inverted cup and handle pattern in the 1D time frame, which indicates a downward trend in the coming days. In addition, it lost 3.12% in the last day and 2.52% in the 30 days, underscoring the weak buying and selling pressure.
The technical indicator MACD is showing a continuous decline on the chart with its averages exhibiting a high probability of bullish convergence this week. However, the EMA 50/200 day highlights a mixed sentiment in the crypto space, pointing to a bearish price action.
If the market holds the Dogecoin price above the $0.155 support level, the bulls will regain momentum and prepare to test the $0.182 resistance level. Conversely, a bearish price movement may pull the price to the low support level of $ 0.128 in the coming period.
The Price of #ShibaInu Has Registered an Upward Trend!
Shiba Inu memecoin has shown a neutral trend for the first two months, indicating a weak start for this category in the crypto market. However, as the hype for memecoin increased, the SHIB price broke out of the resistance level and registered a 3-Fold increase over the next few days.
Faced with a rejection at the $0.00003950 resistance level, the bulls lost their momentum and broke the support level. Since then, the Shiba Inu price has been trading between $0.000023 and $0.000030. The Shiba Inu price has been trading between $0.000023 and $0.000030.Dec. On the positive side, the EMA 50 day acts as a support, indicating a bullish strength in the crypto industry.
If the bulls continue to gain momentum, the SHIB price will be preparing to test the resistance level of $0.000030 this week. However, the bearish trend may cause the price to test the support level of $ 0.00002375.
