Dogcoin $0.253795 (Doge) and Shiba Inu (SHIB) is going through an important process in the crypto money market. While Doge acts under the influence of an important technical formation, Shıb is under pressure due to both macroeconomic factors and new competitors. Investors are wondering how these two popular Memecoin will follow in the future.
Dogecoin Price Analysis, Comment
Dogecoin lost close to 30 percent in the last month and fell to $ 0.25. According to the technical analysis, a price graph Binary Tepe Formation formed. This formation is usually considered as a decrease signal.
Doga 4 percent decrease in the last 24 hours and the weekly loss exceeded 5.5 percent. Technical indicators reveal that the price sees operations below the 100 -hour simple moving average. Melikatrader94, tradingview analyst, for Memecoin, 0.22 and 0.176 – 0.18 dollars as important support levels.
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According to the analysis with the Fibonacci vehicle, the price increased by 23.6 percent with withdrawal level, but could not break the important resistance points. The $ 0.2620 level stands out as a 50 percent fibonacci resistance. If this level is exceeded, an increase up to $ 0.2670 and a psychological importance of $ 0.30. However, if the price drops below $ 0.2420, sales pressure is likely to increase.
Shiba Inu Price Analysis, Comment
Shiba Inu, in the past, has made quite high volatility price movements. Bitcoin 
$96,276.81Thanks to the rise of March 2024, it reached $ 0.000045, but after that, it began to fall again. Currently, the price has burned a large number of small green candles, but it has not been able to break the important points of resistance. Shiba Inu’s cooperation with the Ministry of Energy and Infrastructure did not significantly affect the price.
In the short term Shib‘s 0,00003 – 0.00004 is expected to move in the range. In the long run, it will be decisive whether the interest in Memecoin will continue. According to experts, Metaverse, decentralized stock market and shiboshi NFT collections can shape the future of the ecosystem. Especially other countries cooperate like UAE Shib CoinIt can contribute positively to. If these conditions take place, the price seems to be possible to reach $ 0,0004 by 2030.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
