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DOGE and SHIB Price Analysis for November 6

Sun, 11/06/2022 - 22:00
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Denys Serhiichuk
Can meme coins rise next week?
DOGE and SHIB Price Analysis for November 6
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The last day of the week is likely to end bearish for most of the top 10 coins.

Top 10 coins by CoinMarketCap


DOGE has lost a lot of value today, falling by 3.34% over the last 24 hours.

DOGE/USD chart byTradingView

Despite the fall, DOGE keeps trading sideways after the false breakout of the resistance level at $0.1515. Volatility has declined at the moment, which means that the meme coin has started to accumulate power for a further big move. If buyers can hold the price above the support at $0.1112, one can expect a continued rise.

DOGE is trading at $0.1240 at press time.


SHIB is looking better than DOGE as the price has risen by 0.38% over the last day.

SHIB/USD chart by TradingView

SHIB is slowly rising after the bounce back from the support level at $0.00001157. Currently, traders should focus on the vital zone of $0.000014. If the breakout of it occurs, there might be a price blast to the resistance at $0.00001519.

SHIB is trading at $0.00001265 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