Can DOGE show same rise as SHIB soon?

Denys Serhiichuk U.Today

Bulls are giving bears no chance as none of the coins are in the red zone.

DOGE/USD

DOGE has followed the rise of most of the other cryptocurrencies as the rate of the meme coin has risen by 4.76%.

Despite today's rise, DOGE keeps trading in a wide channel, accumulating energy for a sharp move. Such a fact is also confirmed by declining volume.

One can consider the possibility of a midterm rise only when the rate fixes above the $0.07 mark on the daily time frame.

DOGE is trading at $0.0667 at press time.

SHIB/USD

SHIB is no exception to the rule, going up by 4.10%.

SHIB is looking better than DOGE as it is located close to the resistance level at $0.00001297 on the daily chart. If nothing crucial changes for bulls, the mentioned mark can be attained within the next few days.

SHIB is trading at $0.00001160 at press time.

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Author

Denys Serhiichuk

U.Today

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

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