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DOGE and SHIB Price Analysis for March 21

Mon, 03/21/2022 - 16:00
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Denys Serhiichuk
Can DOGE or SHIB rise against the top coins?
DOGE and SHIB Price Analysis for March 21
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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Even though bulls keep controlling the situation on the market, some coins have returned to the bearish trend.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE is almost unchanged since yesterday, with a decline of 0.05%.

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

DOGE is trading in the channel between the support at $0.1065 and the resistance at $0.1350. The trading volume is low, which means that none of the sides have accumulated enough power for a further sharp move.

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BTC, ETH, XRP, ADA and BNB Price Analysis for March 20

However, if the decline continues, the rate of the meme coins can restest the $0.11 mark by the end of the week.

DOGE is trading at $0.1187 at press time.

SHIB/USD

SHIB has lost more than DOGE with a drop of 0.1%.

SHIB/USD chart by Trading View
SHIB/USD chart by Trading View

From the technical point of view, SHIB is trading similarly to DOGE as the sideways trading remains the more likely scenario for the upcoming days. The volatility keeps going down, which means that there are high chances to see SHIB in the area of $0.000022-$0.000024 by the end of March 2022.

SHIB is trading at $0.00002304 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.