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DOGE and SHIB Price Analysis for July 25

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Tue, 25/07/2023 - 15:30
DOGE and SHIB Price Analysis for July 25
Cover image via www.tradingview.com

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The rates of most of the coins have recovered, according to the CoinMarketCap ranking.

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Top coins by CoinMarketCap

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE keeps rising, going up by 2.66% over the last 24 hours.

DOGE/USD chart byTradingView

Image by TradingView

On the daily chart, the price of DOGE is about to fix above yesterday's peak. If it happens, growth may continue to the test of the $0.08 zone shortly. Such a scenario is relevant until the end of the month.

DOGE is trading at $0.07699 at press time.

SHIB/USD

Meanwhile, the rate of SHIB is unchanged since yesterday.

SHIB/USD chart by TradingView

Image by TradingView

From the technical point of view, the price of SHIB is on its way to testing the support level of $0.00000758. If buyers cannot seize the initiative soon, the breakout may be a prerequisite for a bearish midterm trend that can lead to a further downward move to the $0.00000720-$0.00000740 area.

SHIB is trading at $0.00000770 at press time.

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