Memecoin Rises, DOGE and SHIB Increase 2x?

Bittime - Memecoin rises, DOGE and SHIB are projected to increase 2x. The positive news from the rise of Memecoin brought DOGE and SHIB to an upward trajectory.

As the bullish trend in the altcoin market strengthens, meme coins are gaining attention again. 

During this recovery period, Memecoin rose and brought DOGE and SHIB to offer long-term investment opportunities.

Will DOGE Crawl Up?

After experiencing a bearish reversal from $0.22, DOGE price action formed a resistance trendline and a low-high trend pattern. 

The decline tested the high demand zone at $0.125, opening the door for an immediate price reversal.

Currently, DOGE price is at $0.1252 with an intraday gain of 2.71%. 

Additionally, the price action suggests a break below the 61.80% Fibonacci level, indicating a possible decline below the psychological mark of $0.10.

However, the intraday rise and downside price rejection suggests a potential bullish reversal. 

Despite the bearish backdrop, the meme coin offers a potential upside of 20% to reach $0.1486.

Check Today's Crypto Market:

Memecoin Rise SHIB Predicted to Rise 30%

After the bull run in early March, the SHIB price trend failed to maintain the upward momentum. 

This lack of encouragement caused a descending channel to form on the daily chart and dropped the price of Shiba Inu by 48% in the last 100 days.

Currently, SHIB price action shows a lower low formation with a breakout of the psychological mark of $0.000020. 

Currently, the meme coin is trading at $0.0000188 with an intraday gain of 4.37%, creating a bullish candle above $0.000018.

If SHIB price can re-test and cross the psychological barrier of $0.000020, the possibility of an uptrend may increase. 

In this case, an early reversal of the negative cycle could retest the resistance trendline around $0.00002470.

Final Note

The moment of recovery that slowly occurred was the reason Memecoin rose, leading DOGE and SHIB to find optimism again.

Reflecting on the explanation above, DOGE and SHIB are worth continuing to observe because there is potential for increase.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.