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DOGE and SHIB Price Analysis for June 11

Sun, 06/11/2023 - 13:40
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Denys Serhiichuk
Have rates of DOGE and SHIB dropped enough for reversal?
DOGE and SHIB Price Analysis for June 11
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The market is trying to recover from yesterday's sharp dump, according to CoinMarketCap's ranking.

Top coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of DOGE has increased by almost 3% over the last 24 hours.

DOGE/USD chart by Trading View

Image by TradingView

Despite the slight rise, the rate of DOGE is trading below the vital level of $0.06253. However, if today's bar closes above it, there is a chance to see a bounce back to the $0.065 zone at the beginning of next week.

DOGE is trading at $0.06205 at press time.


SHIB has gained even more than DOGE, rising by 7.83%.

SHIB/USD chart by Trading View

Image by TradingView

Buyers are not ready to seize the initiative yet as the rate remains below the $0.000007 mark. If the situation does not change by the end of the day, the drop is likely to continue in the next days.

SHIB is trading at $0.00000672 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at