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DOGE and SHIB Price Analysis for October 9

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Sun, 9/10/2022 - 22:40
DOGE and SHIB Price Analysis for October 9
Cover image via www.tradingview.com

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Bulls are trying to return to the game as some coins are already trading in the green zone.

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Top 10 coins by CoinMarketCap

DOGE/USD

The price of DOGE has increased by 3.81% over the last seven days.

DOGE/USD chart by TradingView

DOGE keeps accumulating power for a further move as the price is located in the middle of the wide channel.

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If buyers want to seize the initiative, they should bring the rate back to the nearest resistance zone around $0.064.

DOGE is trading at $0.06210 at press time.

SHIB/USD

SHIB could not show the same weekly growth as DOGE as the price has only risen by 0.85%.

SHIB/USD chart by Trading View

From the technical point of view, SHIB is trading similarly to DOGE as the meme coin has also not accumulated enough strength for a further move. Growth might only be possible if the rate reaches the $0.0000118 mark. In that case, there would be a chance to see a midterm bull run.

SHIB is trading at $0.00001107 at press time.

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