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DOGE and SHIB Price Analysis for October 25

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Tue, 25/10/2022 - 14:25
DOGE and SHIB Price Analysis for October 25
Cover image via www.tradingview.com

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The cryptocurrency market seems undecided as to which way to go, as some coins are in the red zone while others are in the green.

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Top 10 coins by CoinMarketCap

DOGE/USD

DOGE has joined the list of rising coins, going up by almost 1% over the last 24 hours.

DOGE/USD chart by Trading View

On the daily chart, DOGE is trading near the resistance level at $0.06099 against the low volume. At the moment, one needs to pay attention to the daily closure.

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If the bar closes near the mentioned level or, better, above it, the accumulated energy may generate a price blast that could lead to growth to the $0.064 zone.

DOGE is trading at $0.0599 at press time.

SHIB/USD

SHIB has not followed the growth of DOGE, falling by 0.35%.

SHIB/USD chart by Trading View

From the technical point of view, SHIB is trading completely opposite to DOGE as its price keeps locating near the support level at $0.00000971. If buyers cannot fix above the crucial zone of $0.00001 shortly, a sharp drop may return the rate of the meme coin to $0.000009 within the next few weeks.

SHIB is trading at $0.00000995 at press time.

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