Shiba Inu (SHIB)$SHIB
Shiba Inu (SHIB) has made some notable moves recently. It experienced a short-term setback last week, falling 8.43%. However, it has shown signs of recovery, rising 5.44% in the past month. From a broader perspective, SHIB has gained 34.42% in the past six months, indicating long-term growth potential.
Currently, SHIB is trading between $0.00002805 and $0.00003489. The nearest support level is $0.00002390, a drop to which would mean a loss of around 15%. On the upside, the nearest resistance level is $0.00003759. A breakout of this level would provide a gain of around 30%. If the momentum continues, SHIB could reach the second resistance level at $0.00004442, offering further growth potential.
Dogecoin (DOGE)$DOGE
Dogecoin (DOGE) is currently trading between $0.41 and $0.50. It has fallen by 4.86% in the past week, while it has gained 7.10% in the past month. Looking back six months, Dogecoin’s price has gained 198.68%. While there has been a slight recent decline, the overall long-term trend remains positive.
Looking at the data, Dogecoin’s momentum is neutral. The Relative Strength Index (RSI) is at 47.38, which does not indicate overbought or oversold conditions. The MACD is at -0.0013236, which indicates slight bearish momentum. The Stochastic Oscillator is neutral at 41.54. These indicators suggest that Dogecoin’s price may be consolidating before making a significant move.
If Dogecoin gains momentum and breaks through the nearest resistance level at $0.54, it could potentially rally to $0.64. This would represent an increase of approximately 28% from its current price. On the other hand, if the price drops below $0.35, it could fall to $0.25, which would represent a decrease of approximately 39%. Traders are closely monitoring these critical levels to be able to spot a significant move in Dogecoin’s price in advance.
