DOGE and SHIB Price Prediction for November 11

11/11/2024 20:37
DOGE and SHIB Price Prediction for November 11

Have rates of meme coins reached oversold zone yet?

Original U.Today article

Have rates of meme coins reached oversold zone yet?

DOGE and SHIB Price Prediction for November 11

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market keeps growing at the beginning of the week; however, there are some exceptions to this rule, according to CoinStats.

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Top coins by CoinStats

DOGE/USD

DOGE is the biggest gainer today, rocketing by almost 20%.

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Image by TradingView

On the daily chart, traders should pay attention to the current bar's closure in terms of yesterday's candle peak. If a false breakout happens, there is a chance to see a correction to the $0.28 area.

DOGE is trading at $0.2895 at press time.

SHIB/USD

SHIB has followed the growth of DOGE, rising by 12%.

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Image by TradingView

Despite today's sharp rise, the price of SHIB is trading within yesterday's daily bar. 

Related

Bitcoin (BTC) Price Prediction for November 9

If the situation does not change by the end of the day, sideways trading in the zone of $0.000024-$0.000028 is the more likely scenario.

SHIB is trading at $0.00002615 at press time.

About the author

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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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