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DOGE and SHIB Price Analysis for November 29

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Tue, 29/11/2022 - 12:22
DOGE and SHIB Price Analysis for November 29
Cover image via www.tradingview.com

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The cryptocurrency market is recovering after a few days of decline as most of the coins are in the green zone.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE is the biggest gainer today, rocketing by 8.18% over the last 24 hours.

DOGE/USD chart by TradingView

On the daily chart, DOGE has kept the rise going after the false breakout of the support level at $0.09150. If buyers can hold the gained initiative until the end of the day, there is a probability of seeing the test of the nearest resistance level at $0.10799 within the next few days.

DOGE is trading at $0.1032 at press time.

SHIB/USD

SHIB is less of a gainer than DOGE, rising by 2% since yesterday.

SHIB/USD chart by Trading View

From the technical point of view, SHIB has fixed above the $0.000009 mark against the low volume. Currently, traders should focus on the $0.0000095 zone, as its breakout may lead to a price blast to the $0.00001 zone with enough energy accumulated for such a move.

SHIB is trading at $0.00000924 at press time.

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