SHIB Bulls Charge as DOGE Slows Down!
Dogecoin (DOGE) and Shiba Inu (SHIB), two popular meme coins, are both down by about 1% today. But SHIB is showing some signs of strength, while DOGE is facing trouble going higher.
DOGE is trading around $0.225 and is staying above the $0.20 support level. However, it’s facing resistance near $0.25. A pattern on the chart suggests that if DOGE drops below $0.214, it might fall even more. Some technical signs also show that the buying pressure is getting weaker.
On the other hand, SHIB is trading at $0.00001439 and holding steady above the $0.000014 support zone. It earlier broke out of this area, and now it’s trying to stay strong. If SHIB moves above $0.0000159, it could try to reach $0.000019 or even $0.000021.
In the futures market, SHIB looks more positive. More traders are opening long (buy) positions, showing confidence. DOGE, however, is seeing more short (sell) trades, which shows a bearish view.
Impact: SHIB might stay stronger than DOGE this week if support levels hold. DOGE may remain weak unless strong buyers step in and push prices higher.