A renowned crypto expert predicts that Shiba Inu and Dogecoin are unlikely to reach the much-anticipated $1 milestone. As Bitcoin soars to new all-time highs, investors are eyeing other altcoins that could potentially lead the bull market.
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Shiba Inu (SHIB)
Shiba Inu (SHIB) has seen mixed movements recently. Over the past week, its price changed by -0.89%, showing slight downward pressure. However, in the past month, SHIB surged by 42.77%, indicating strong bullish momentum. Looking at the last six months, the price decreased by -5.06%, suggesting overall stability with minor fluctuations.
The current price range for SHIB is between $0.00002316 and $0.00002827. The nearest resistance level is at $0.00003077, close to the upper end of the current range. Breaking above this could lead to the second resistance at $0.00003588, representing a potential increase of around 27% from the lower end of the current range. On the downside, the nearest support is at $0.00002055, which could act as a safety net if the price dips. The second support level is at $0.00001544.
Technical indicators present a mixed outlook for Dogecoin. The Relative Strength Index (RSI) is at 51.75, indicating a neutral market. The stochastic oscillator stands at 79.87, nearing overbought territory, suggesting a possible price pullback. The MACD level is slightly negative at -0.00189, hinting at bearish momentum. The 10-day Simple Moving Average (SMA) is $0.39, below the 100-day SMA of $0.42, which may signal short-term weakness. While long-term growth has been significant, short-term indicators suggest caution as the price could rise toward new resistance levels or fall back to support levels.
Dogecoin (DOGE)
Dogecoin (DOGE) has been on an impressive run over the past month, with its price increasing by 171.78%. Over the past six months, the coin has seen a 144.94% rise, indicating strong growth in recent times. However, over the past week, the price change has been minimal at 0.0255%, suggesting that the market might be consolidating after substantial gains.
Currently trading within a range of $0.37 to $0.49, Dogecoin is approaching its nearest resistance level at $0.55. If it breaks through this point, the next resistance is at $0.67, potentially leading to significant gains. On the downside, the nearest support level is at $0.30, with a secondary support at $0.18, which could act as safety nets if the price dips.
Technical indicators present a mixed outlook for Dogecoin. The Relative Strength Index (RSI) is at 51.75, indicating a neutral market. The stochastic oscillator stands at 79.87, nearing overbought territory, suggesting a possible price pullback. The MACD level is slightly negative at -0.00189, hinting at bearish momentum. The 10-day Simple Moving Average (SMA) is $0.39, below the 100-day SMA of $0.42, which may signal short-term weakness. While long-term growth has been significant, short-term indicators suggest caution as the price could rise toward new resistance levels or fall back to support levels.
Conclusion
While SHIB and DOGE remain popular, XYZVerse (XYZ) stands out as the pioneering sports memecoin, poised for massive growth and uniting sports fans in a community-driven ecosystem.
You can find more information about XYZVersus (XYZ) here:
Site, Telegram, X
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The post Shiba Inu and Dogecoin Aren’t Reaching $1, Says Crypto Legend—This Altcoin Could Be the Real Bull Run Winner! appeared first on Crypto News Land.
