Shiba Inu [SHIB], Dogecoin: What’s this week’s price prediction? Dogecoin and
Shiba Inu have had an eventful few weeks, with both experiencing a retracement. However, the
DOGE bulls seem more determined to lead the meme coin charge.
The influence of
Bitcoin sentiment cannot be ignored, as it will likely impact the flow of capital into these meme coins in the near future. Fibonacci retracement levels have provided some guidance for both tokens.
Dogecoin has shown resilience after its setback, with the RSI indicating strengthening upward momentum. The $0.18-$0.194 range may pose a challenge, but a breakthrough past $0.206 could propel DOGE towards $0.283 or even higher.
On the downside, liquidation levels suggest support around $0.176-$0.178 and interest at $0.195, while caution is advised below $0.2.
Meanwhile,
Shiba Inu has seen a dip in trading volume since its impressive rally earlier. While the 61.8% retracement level has held as support, the bulls are yet to regain control.
Despite this, SHIB maintains its bullish structure, albeit with a different trading volume pattern compared to DOGE.
As always, cryptocurrency markets can be unpredictable, so keep an eye on these trends while navigating the exciting world of meme coins!
