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DOGE and SHIB Price Analysis for June 4

Sat, 06/04/2022 - 18:30
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Denys Serhiichuk
Have DOGE and SHIB found their bottom by now?
DOGE and SHIB Price Analysis for June 4
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Most of the coins are facing a slight decline since yesterday.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

DOGE is looking much better than most of the other coins with a price change over the last 24 hours of +1.15%.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

From the technical point of view, nothing crucial has changed so far. Thus, sideways trading is also confirmed by the low volume.

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However, if bulls can hold the rate above $0.08 by the end of the week, the correction may continue to $0.085 next week.

DOGE is trading at $0.0809 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, going up by 0.75%.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

Despite the growth, SHIB is weaker than DOGE in the mid-term scenario as bulls have failed to keep the rate above the $0.000011 zone. If sellers' pressure continues, the crucial mark of $0.000010 can be attained by mid-June.

SHIB is trading at $0.00001073 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 denys.serhiichuk@u.today.