Monday, September 5, 2022

Analysis of DOGE and SHIB Prices on September 4

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Despite the decline, DOGE is currently trading in the channel between the support and resistance levels of $0.06088 and $0.06412. Since neither the bulls nor the bears have built up enough strength, one shouldn't anticipate a sudden move in this instance.

For the future days, sideways trading around the $0.062 level is still the most likely scenario.


At the time of publication, DOGE is trading at $0.0629.

SHIB/USD

SHIB has suffered less loss than DOGE despite the price falling by 1.83%.

On the daily chart, SHIB has produced a false breakout of the resistance level at $0.00001268. The candle could rise locally to the $0.000013 level, though, if it closes above this level.


At the time of writing, SHIB is trading for $0.00001265.


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