Technical Analysis: Dogecoin (DOGE) and Shiba Inu (SHIB) Price Forecasts!

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This year, joke coins have literally made their mark. In the period of the first ascent Dogecoin and in the second season Shiba Inu (SHIB) he brought serious earnings. Dogecoin SHIB, who set out to be his killer, recently slaughtered him, surpassing his opponent in terms of market value. But this win did not last very long. So what does the current data say about the two most popular joke coins?

Dogecoin (DOGE)

The price has remained almost constant since yesterday. It should exceed $ 0.28 for the rise Dogecoin he’s watching steadily. This also confirms that it is on a downward trend. If the bulls fail to seize the initiative, the decline may continue up to $ 0.245. If the price that can return from the liquidity zone also loses here, its losses will deepen.

During the summer period Dogecoin it continues to find buyers at $ 0.258. Almost all of the moving averages confirm the downtrend. RSI it is located close to the oversold zone, and the momentum is weak. If the price falls below the specified support, it may hang to the levels of 0.23 and 0.20.

Perhaps it is because investors make high profits in the short term Dogecoingetting bored of SHIBhe must be heading for’ If this continues to be the case, the price will not be able to rise above $ 0.5 in the medium term, despite the support of Elon Musk. The fact that its competitors are getting stronger is shrinking Dogecoin’s slice, even though the meme token sunday has reached $ 80 billion.

Shiba Inu (SHIB)

Dogecoinshowing a better performance than Shiba Inu it brought earnings close to 5%. The $0.000050 level, the critical support zone, is maintained. If buyers can keep the price above this region, we can witness sudden bullish attempts. If this region is lost, there will be a relaxation of up to $ 0.000035. At the time of writing, the price is at $ 0.000055.

Moving averages are sending a bullish signal because the support zone is protected and has risen slightly above it. However, the RSI is still weak, and the MACD and other momentum indicators remain neutral for now. The most impressive catalyst for the price Robinhood there will be a list. But there are no such prospects in the short term. Elon Musk twho remained strong despite being rejected from purgatory The price of SHIB if it continues to maintain critical support, it can continue its upward course with the return of BTC.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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