Dogecoin (DOGE) Price Analysis
Dogecoin, like other cryptocurrencies, has sparked a significant rally since the beginning of 2023, helping it recover the losses incurred in the last 30 days.
The rise was capped at levels close to $0.09 and later fell prey to minor bearish moves. However, the token is still trading under bullish influence and it is believed that a huge price explosion will appear soon.
Analysts here highlight previous touchpoints for DOGE price increases. The price has witnessed significant rejections that have forced the token to mark lows every time it tests the upper resistance.
Interestingly, the price followed a similar trend, rebounding each time it tested the lower support. I think it is possible.
Shiba Inu (SHIB) is ready to reach its next target
Like many other tokens, the Shiba INU price has also maintained a consolidated trend for quite some time. The price then surged to a new high near $0.000011, showing bullish momentum and a long-term dominance.
Market optimism has soared this week, so even a small setback can be expected from now on. After experiencing bearish moves throughout 2022, it will be very difficult for the crypto space to reignite a crypto bull market.
Therefore, the price of SHIB may fall slightly after a significant increase in price. However, the correction could still trigger a bullish move and push the price to our upper end target above $0.0000133.