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Dogecoin (DOGE) & Shiba Inu (SHIB) Heading to Break Key Resistance Levels

DOGE and SHIB heading to break key resistance levels, as positive market sentiment brings back small investors and whales to the alcoin market.
Dogecoin (DOGE) & Shiba Inu (SHIB) Heading to Break Key Resistance Levels - price levels as featured image

The rising interest is seen as Bitcoin (BTC) and Ethereum (ETH) rallies over psychological levels of $25k and $2k.

 

Dogecoin (DOGE) is up 15% in the last 24 hours, with the current price trading at $0.087, it rocketed 23% in a week and 36% in a month period. The upside momentum may likely push prices over 1 cent

 

Meanwhile, Shiba Inu (SHIB) price is trading at $0.0000160, up 3% in a 24 hours. SHIB has gained over 30% in a week and 47% in a 30 days. Th rally may likely reach prices over $$0.000018.

Dogecoin (DOGE) and Shiba Inu (SHIB) Near Breaking Resistance Levels

Experts believe Dogecoin (DOGE) and Shiba Inu (SHIB) might touch pre-crises prices if the the rally continues. Investors interest in meme coins DOGE and SHIB came as the Crypto Fear & Greed Index jumps to 45, indicating positive crypto market happenings.

 

The rally was also supported by really huge trading volumes, pushing the prices to a  four month high of $0.088 and $0.0000177.

Lark Davis believes the major catalysts for both meme coins are the launch of Dogechain and the upcoming layer-2 solution Shibarium:

 

 

According to cryptocurrency top analyst Crypto Tony, the first target is “range high” at $0.95:

 

 

However, the strong momentum is likely to push the Dogecoin (DOGE) price over $0.1, expect some resistance in between.

 

Meme tokens receive support from BTC and ETH

 

The Bitcoin (BTC) price has skyrocketed over the $25000 level after lower-than-expected inflation data drove hopes of rate hike cuts by the Federal Reserve. Ethereum (ETH) price jumped over the $2k support level amid the upcoming Ethereum Merge in mid-September – bullish BTC and ETH price movements on this weekend support Dogecoin and Shiba Inu prices.

 

Image by Gerd Altmann from Pixabay

Marcia

Marcia

Marcia is a real crypto fan, specialized in bitcoin and NFT news.

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