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DOGE, SHIB Price Analysis for February 17

Fri, 02/17/2023 - 19:30
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Denys Serhiichuk
Is it possible to see growth of DOGE and SHIB soon?
DOGE, SHIB Price Analysis for February 17
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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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The market seems undecided as yet about which way to move as some coins are in the red zone, while others are in the green.

Top coins by CoinMarketCap


DOGE could not follow the rise of other coins, falling by 1.26% over the last 24 hours.

DOGE/USD chart byTradingView

On the weekly chart, DOGE keeps trading in the middle of the channel, accumulating power for a further move. The volume has fallen, which means that neither bulls nor bears have seized the initiative. In this case, the more likely scenario is ongoing consolidation in the range of $0.08-$0.09. 

DOGE is trading at $0.08691 at press time.


SHIB is even more of a loser than DOGE, going down by 2.54%.

SHIB/USD chart by TradingView

From the technical point of view, SHIB has lost more than DOGE as the rate is located closer to the support than to the resistance. However, if buyers can hold the price above the $0.000013 mark, there is a chance to see further slight growth to the middle of the channel around $0.00001350.

Bitcoin (BTC) Price Analysis for February 16

Such a scenario is relevant until the end of the week.

SHIB is trading at $0.00001310 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