Dogecoin shows bullish potential if it maintains above $0.168, eyeing resistance levels.
Shiba Inu may face selling pressure if it drops below the crucial $0.00001852 support.
Both DOGE and SHIB exhibit bullish momentum, indicating a cautious outlook for traders.
Dogecoin (DOGE) and Shiba Inu (SHIB) are attracting significant attention in the cryptocurrency market. Both tokens have shown notable price movements, influencing investor sentiment and trading strategies.
Dogecoin Price Trend Analysis
Dogecoin’s price recently increased by 3.69%, reaching around $0.170. This upward momentum reflects a moderate buying interest among investors. The first critical support level is approximately $0.1639, which has been resilient against downward price movements.
A decline below this level may lead to further testing of this support. Additionally, another support level at $0.1680 indicates a consolidation area, which could provide stability.
Source: Coinmarketcap
On the resistance front, the price peaked around $0.178, creating a ceiling for upward movement. This resistance level previously resulted in price rejections, making it a target for future gains if …
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