DOGE and SHIB Price Prediction for December 23

Original U.Today article

When can traders expect bounce back from meme coins?

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Bears have turned out to be more powerful than bulls at the beginning of the week, according to CoinStats.

DOGE/USD

The rate of DOGE has declined by 1.52% since yesterday.

Despite today's fall, the price of DOGE is trading sideways on the daily chart. As none of the sides is dominating, traders are unlikely to see sharp moves any time soon.

In this regard, one may witness consolidation in the narrow range of $0.30-$0.33 within the next few days.

DOGE is trading at $0.3139 at press time.

SHIB/USD

The price of SHIB has dropped by 1.17% over the last 24 hours.

On the daily time frame, the rate of the meme coin is near the support of $0.00002107. If it breaks out, there is a possibility to see a dump to the $0.000020 area. Such a scenario is relevant until the end of the week.

SHIB is trading at $0.00002178 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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