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DOGE and SHIB Price Analysis for December 13

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Tue, 13/12/2022 - 21:30
DOGE and SHIB Price Analysis for December 13
Cover image via www.tradingview.com

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Bulls are trying to seize the initiative on the first day of the week, according to the CoinMarketCap ranking.

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Top 10 coins by CoinMarketCap

DOGE/USD

The rate of DOGE has risen by 5.81% over the last 24 hours.

DOGE/USD chart by TradingView

Despite the rise, the price could not fix above the $0.095 mark, which means that the accumulated strength is not enough yet for a midterm bull run. Thus, if the candle closes with a long wick, there are chances to see a bounce back below the $0.09150 level soon.

DOGE is trading at $0.09194 at press time.

SHIB/USD

SHIB has gained less than DOGE, going up by 3.62%.

SHIB/USD chart by Trading View

SHIB is trying to fix above yesterday's peak at $0.00000911 against the rising volume. If buyers manage to do that, the rise may continue to the resistance around $0.0000095 shortly. Such a scenario is relevant until the end of the week.

SHIB is trading at $0.00000920 at press time.

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