Meme Rises As These Two Cryptocurrencies Prepare to Rally
DOGE Price Breaks Out of Upward Cycle
Dogecoin Forms Falling Wedge Pattern Amid Highly Bearish Influence. Following last week’s plunge, Dogecoin ended a 30% negative cycle of 10 consecutive bearish candles, hitting a support trendline.
With price fluctuations, including previous declines and Thursday’s massive 12.46% surge, DOGE appears to be poised for a new bull cycle. Currently, the meme coin is trading at $0.10460, despite a minor intraday correction of 3.07%. Notably, the recent bullish trend is strong, allowing the price to rise by 29.74% since the Black Monday low of $0.08049.
Will SHIB Meme Coin Reach $0.000030?
Similar to Dogecoin, the second largest meme coin formed a falling wedge pattern amid increasing bearish influence. SHIB token price consolidates below $0.000015 as the bull cycle struggles to gain momentum.
In SHIB, we can observe a potential sentiment shift with the MACD indicator showing a bullish crossover with the signal line. Moreover, the token has continued to rebound since the low of $0.00001078, with a gain of 27.90%. The Shiba Inu meme token has the potential to achieve a breakout and may successfully cross the upper trendline.
