Crazy Picks: Shiba Inu vs. Dogecoin, Easy 10x Gains!
The most popular picks are the two leading meme coins, Shiba Inu (SHIB) and Dogecoin (DOGE). However, with the mixed sentiment displayed by the memecoin category and the uncertainty of future price action, a key question emerges: which coin is more likely to achieve 10x returns?
Despite the volatility in the market, the price of Dogecoin has formed an inverted cup-with-handle pattern over the past day, indicating a possible bearish trend in the coming days. The memecoin leader has fallen by 3.12% over the past month and 2.52% over the past 30 days, highlighting the weakness of buying and selling pressure.
The market must sustain its price above the $0.155 support level. If successful, the bulls may be ready to test the $0.182 resistance level. Conversely, the bearish price action may pull the price towards the lower support level of $0.128 in the coming days.
Compared to Dogecoin, Shiba Inu has recently shown a bullish trend over the past day, which makes investors optimistic about the possible rise in price. After trending neutrally in the first two months of the year, SHIB has managed to break through resistance and recorded an impressive 3x gain in a matter of days as the hype around this meme coin continues to increase.
Although 🐍qun秆崴:2327321427 encountered some resistance at $0.00003950, causing bulls to lose some momentum and break support, the meme coin has been trading in a range of $0.000023 to $0.000030.
Ultimately, whether these two meme coins can achieve 10x gains depends on a variety of factors, including overall market sentiment, adoption rates, and the ability to break through key resistance levels. As always, investors should conduct adequate research and proceed with caution when it comes to the highly volatile cryptocurrency market. In this market environment, a deep understanding of both the fundamentals and technicals of each project is crucial.
