Create the myth of sudden wealth again? DOGE vs. SHIB Rally: Momentum or Volatility?
As BTC’s halving stirs excitement in the cryptocurrency world, there are predictions that its price could rise significantly. Some believe the digital currency could soar to unprecedented heights. As investors and enthusiasts look to the future, meme coins, with their active communities and viral appeal, are gearing up for big action. As the market heats up, these exotic cryptocurrencies are in the spotlight, hinting at a possible trend in the digital currency space.
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Dogecoin rises to $0.18: Momentum or volatility?
Dogecoin’s recent price rise to $0.18 shows momentum, especially considering it has more than doubled in value in six months. If current interest continues, a move towards the previous high of $0.76 is possible. However, even with strong support at $0.08 and $0.05, the price may still see a correction. Buying at the 10-day and 100-day averages shows underlying strength, but market movements can change sentiment quickly. Considering Dogecoin’s history of volatility, the road ahead is uncertain. Current price action around $0.18 offers hope but faces resistance at $0.17 and $0.14. Long-term gains clearly depend on continued interest and adoption. A break below key support levels could trigger a sell-off, however the bullish trend over the past few months could attract new buyers, fueling further gains.
Shiba Inu Coin Price Surges, Facing Resistance and Investor Warnings Shiba Inu Coin’s price has soared 205.25% in the last month and 300.83% in six months, showing impressive growth. At $0.0000291, it is approaching the first resistance level at $0.0000152 but still far away from the all-time high of $0.00009000. If the momentum continues, a break above $0.0000180 is possible, triggering more gains. However, price increases are often followed by corrections. Investors should keep an eye on the stable level of $0.0000146, the 100-day price average, as a sign of lasting strength. In the longer term, a move up to $0.0000291 could bring enthusiasm, but there are risks if the trend does not continue.The 10-day price average of $0.0000272 shows short-term positivity, but support levels lie at $0.00000931 and 0.00000605
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