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DOGE and SHIB Price Analysis for September 24

Sat, 09/24/2022 - 21:00
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Denys Serhiichuk
Can one expect rise of DOGE and SHIB soon?
DOGE and SHIB Price Analysis for September 24
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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Bulls tend to be more powerful than bears as all the top 10 coins are in the green zone again.

Top coins by CoinMarketCap

DOGE/USD

DOGE has caught the attention of the cryptocurrency market today as its price has rocketed by 10% over the last 24 hours.

DOGE/USD chart byTradingView

On the daily time frame, the meme coin has entered the bullish zone after the breakout of the $0.06531 level. While the rate is above it, there are more chances to see growth than a fall.

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XRP and XLM Price Analysis for September 23

Thus, if the volume remains high, one can expect a possible test of the resistance level at $0.07161 shortly.

DOGE is trading at $0.06629 at press time.

SHIB/USD

The rate of SHIB is also rising, going up by 4.76% since yesterday.

SHIB/USD chart by TradingView

Despite today's rise, the price is far away from the bullish zone as SHIB is still located close to the support level at $0.00001029. If buyers plan to seize the initiative, one needs to wait until the return to the $0.0000130 zone.

SHIB is trading at $0.00001126 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.