#Dogecoin (DOGE) And #Shiba Inu (SHIB) Battle To Return To Bullish Ways
Following the announcement of the US Fed rate cut, the crypto market enjoyed a reasonable surge that took Dogecoin (DOGE) to a key price level. Technical indicators, including the Relative Strength Index (RSI), signal bullish sentiment as Dogecoin momentum builds for a hike to new highs. Analysts speculate a good rise should Dogecoin (DOGE) surpass the $0.11 support level.
According to an analyst on X, formerly Twitter, Dogecoin (DOGE) has moved from a bearish to a hopeful state.
Any strong influence from the Dogecoin (DOGE) community, as well as increased inflow into the crypto market, can do a world of good for the meme coin. And this can also benefit Shiba Inu (SHIB) as it makes a play for $0.00004 from its current price of $0.000014. Moreover, Shiba Inu is already rallying with bullish momentum as the layer-2 network Shibarium has seen increased activities recently. This reveals a growing adoption of Shiba Inu (SHIB), a catalyst for growth for the altcoin.
Additionally, the present bullish market condition has put many Shiba Inu (SHIB) wallets in profit. Given this, experts believe there is less pressure on Shiba Inu holders to sell, allowing the altcoin to attempt its 4x rise to $0.00004.
