The cryptocurrency market is buzzing with new price predictions and technical analyses surrounding popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). While DOGE is showing bearish signals, the SHIB community is focusing on signs of an upward momentum. Investors are eagerly watching how these two coins will react to technical analyses and market developments. Here are the price analyses and expectations for both popular meme coins.
Dogecoin (DOGE) Technical Analysis and Expected Levels$DOGE
Dogecoin (DOGE), one of the most well-known meme coins in the market, is showing a downward trend again. The price of DOGE has reached a critical support point at $ 0.383. However, if it falls below this level, technical analysis predicts that the price could fall by 15 percent to $ 0.31. The RSI indicator is currently at 50, meaning it has not entered the overbought or oversold zone. This indicates that the price is likely to reverse in the coming days. In addition, the DOGEUSDT long/short ratio on Binance is at 5.13. This indicates that the majority of investors (83.68 percent) are taking positions that the price will rise. The current DOGE price is around $ 0.39. The 26 percent decrease in trading volume in the last 24 hours indicates that investor participation has decreased and the market is in an uncertain period.
Shiba Inu (SHIB) Price Prediction$SHIB
The Shiba Inu (SHIB) team created excitement in the community by tweeting a cryptic message saying, “The stars are aligning.” According to analysts, the current market conditions are reminiscent of SHIB’s past bullish moves. This suggests that there may be upward momentum for the token. Analyst CryptooELITES set price targets for SHIB at $0.000085171, $0.000183312, and $0.000472905, respectively. The “cup and handle” formation on the weekly charts suggests the possibility of a continuation of the uptrend. In addition, SHIB, which is holding close to the Fibonacci retracement levels, could head towards the $0.000183312 Fibonacci extension level if it breaks these levels. The current price of SHIB is around $0.00002836 and has increased by 1.52% in the last 24 hours. However, the 26.64 percent decrease in trading volume indicates that investors are acting cautiously and the market is being watched carefully.
DOGE and SHIB continue to attract investors’ attention despite having different technical signals. While DOGE struggles at support levels, SHIB has strong recovery potential. However, due to market uncertainties, the movements of both cryptocurrencies should be followed carefully.