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DOGE and SHIB Price Analysis for September 27

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Tue, 27/09/2022 - 15:48
DOGE and SHIB Price Analysis for September 27
Cover image via www.tradingview.com

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Bears seem to be starting to lose their initiative as the rates of most of the coins are rising.

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DOGE/USD

The rate of DOGE has risen by 2.58% over the last 24 hours.

DOGE/USD chart byTradingView

According to the technical analysis, it is too early to think about the bullish trend as the price keeps trading sideways. One needs to test the $0.065 zone to make sure that bulls are ready for the breakout of the resistance level at $0.065557.

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If that happens, traders might see an ongoing rise to the $0.07 area.

DOGE is trading at $0.06238 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, going up by 2.38%.

SHIB/USD chart by TradingView

However, the situation is not bullish on the daily time frame. The price has not even gotten to the $0.00001150 mark, which means that sellers still have the chance to seize the initiative. Daily closure above the $0.000012 mark can only confirm a possible ongoing rise.

SHIB is trading at $0.00001135 at press time.

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