$DOGE , $SHIB reparing for a further price drop? - AMBCrypto Analytics

AMBCrypto took a look at DOGE’s daily chart to find out what to expect from the memecoin. As per our analysis, DOGE’s Relative Strength Index (RSI) registered an uptick after touching the oversold zone.

This hinted at a trend reversal, which might allow DOGE to recover from the recent losses. However, the MACD displayed a clear bearish advantage in the market. 

If DOGE bulls step up and manage to initiate a trend reversal, then investors might soon witness DOGE reclaiming $0.14.

However, if the bearish price trend continues further, DOGE might plummet to $0.117 in the coming days. 

AMBCrypto then checked Shiba Inu’s daily chart. As per our analysis, SHIB’s price had touched the lower limit of the Bollinger Bands, which often results in price upticks.

Additionally, both SHIB’s Money Flow Index (MFI) and Relative Strength Index (RSI) registered upticks. These indicators suggested that the possibility of a trend reversal for SHIB was high.