DOGE and SHIB Prediction for August 25
08/25/2024 22:20Has midterm rise of DOGE and SHIB started yet?
Original U.Today article
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Bulls could not hold the initiative until the end of the week, according to CoinMarketCap.
DOGE/USD
The rate of DOGE has dropped by 1.83% since yesterday. Over the last week, the price has risen by 6.36%.
On the daily chart, the price of DOGE remains bearish while it is below the resistance level of $0.1147. However, if a breakout happens, there is a chance of a test of the $0.12-$0.1250 area next week.
DOGE is trading at $0.11 at press time.
SHIB/USD
The price of SHIB has gone down by 2.02% over the last day.
From the technical point of view, the rate of SHIB is trading similarly to DOGE.
If buyers seize the initiative and restore the price to the upper level, traders may witness a breakout followed by a move to the $0.000017 range.
SHIB is trading at $0.00001514 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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