- DOGE gained as much as 15% in the last seven days while SHIB consolidated.
- Additionally, DOGE’s volume pressure increased, and the price could reach $0.08249.
- SHIB’s upward momentum was weak, signaling a possible decline in price.
Dogecoin (DOGE) and Shiba Inu (SHIB), the two prominent meme cryptocurrencies, are at crossroads as their next targets could lead them on diverging paths. For DOGE, it has been a rollercoaster ride to $0.08, thanks to a 15.52% gain in the last seven days.
SHIB, on the other hand, hasn’t been so lucky. According to CoinMarketCap, SHIB’s 7-day performance was a mild 1.58% increase.
SHIB and DOGE 7-Day Performance (Source: CoinMarketCap)
Dogecoin (DOGE)
While DOGE exchanged hands at $0.080, crypto analyst Michaël van de Poppe tweeted that the meme’s next targets could be between $0.08074 and $0.08249.
Getting there for $DOGE, but still more to come. pic.twitter.com/F12Rwe5IHN— Michaël van de Poppe (@CryptoMichNL) July 25, 2023
Currently, Dogecoin’s volatility has reached extreme levels, as indicated by the Bollinger Bands (BB). But as of this writing, DOGE’s upward trend has been met with selling pressur…
The post Dogecoin and Shiba Inu: A Tale of Two Contrasting Trajectories appeared first on Coin Edition.
The post Dogecoin and Shiba Inu: A Tale of Two Contrasting Trajectories appeared first on Coin Edition.