The recent turbulence in the market has significantly influenced moments, which means that their total market capitalization is lower than $ 70 billion. Although some altcoins and meme coins have shown many price fluctuations, Shiba Inu & Dogecoin in particular has a hard time stabilizing their prices. However, some experts believe that continuous consolidation in the prices of Doge and Shib, especially during a dip, can cause a strong recovery.
Dogecoin and Shiba Inu get a silent momentum
According to data from Coinglass, Dogecoin saw a considerable amount of liquidation in the last 24 hours, with around $ 6.77 million in doge positions that were closed. This included around $ 3.55 million sold by buyers and $ 3.22 million by sellers. In the meantime, Shib experienced around $ 137,000 in liquidation, with buyers good for $ 73.5k of that total.
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Despite these liquidations, the prices of both meme coins have remained stable, which could indicate a potential meeting ahead. Analysts suggest that this stability can be the calmness for a storm, because large investors continue to buy Shib and Doge during the recent price dip. Buying this can strengthen the support levels and possibly lead to a sharp rise in the prices of Dogecoin and Shiba Inu.
Dogecoin price analysis
Dogecoin price made a sharp fall in $ 0.3, suggesting that the bears of this level have changed resistance. Bears dominate as Dog struggles to rise above immediate resistance of $ 0.26. From writing, Doge Price acts at $ 0.254, and increases more than 1.47%in the last 24 hours.
The sales pressure still dominates below the level of $ 0.30. However, buyers have built strong support of around $ 0.2 because it forms a battery zone. Every recovery will probably come across the sales pressure in the previous support that now has become the resistance level of $ 0.30. If the price remains below that level, the bears can push the doge/USDT pair below $ 0.20.
Conversely, if Dogecoin breaks and is higher than $ 0.30 after continuous accumulation, this may indicate that the bears lose control. This may mean that a soil has been determined, so that the doge price is pushed to $ 0.34.
Shiba Inu Price Analysis
Shib price tries a recovery because the price strives for an increase in the EMA50 trend line. However, the price of Shib continues to be confronted with resistance. Currently, the SHIB price is $ 0.000015 and more than 0.24% has risen in the last 24 hours.
The SHIB/USDT trade savings remains under the downward line, and shows a strong sales pressure of Beerarish traders. This price level can remain a considerable barrier, because short -term holders (STHS) can choose to sell their positions at this level.
However, we expect that the Shib price will re -test its resistance at $ 0.00001717. If the price above the EMA20 trend line remains on the 1-hour graph, buyers can try to send it to $ 0.000022.
With the relative strength index (RSI) that are left under the center line at 40, there can be a decrease to $ 0.000012.
