Dogecoin

Shiba Inu

<p>Shiba Inu and Dogecoin have recently made headlines due to significant interest from crypto whales, sparking a notable surge in their market activity. Meme coins <a href="https://blockchainreporter.net/price-prediction/dogecoin-price-prediction-will-dogecoin-go-up/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> and SHIB price rallied alongside top meme tokens in response to GameStop’s rally on Monday. As legendary trader “Roaring Kitty” resurfaced on X with a series of tweets, meme tokens rallied, piling gains on Monday. Analysts believe a strong purchase in memecoins might strengthen the support levels, creating strong upward rallies.</p><h2 id="header-0">Whales Bet Big On SHIB And DOGE</h2><p>In the last 24 hours, the cryptocurrency market saw more than $140 million worth of positions liquidated as <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin’s price</a> dropped below $61,000, leading to considerable market fluctuations. This sharp decrease in price caused a surge in long-liquidation, weakening the market sentiment.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b0925110fec64c719d29b355b6499d3d.png" /></p><p>According to Coinglass, Dogecoin and Shiba Inu witnessed liquidation of around $5.6 million and $550K, respectively. IntoTheBlock reports that Dogecoin has around 80% of its addresses currently profitable. On the other hand, SHIB price has 60% of total addresses in profit.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/946d7e0948464173a42dfdaedb2d47c5.png" /></p><p>Additionally, IntoTheBlock data reveals that DOGE witnessed a massive jump in whale interest as the metric surged from the low of $1.1 billion to $1.6 billion. Shiba Inu’s whale transaction also surged exponentially as it jumped above $223 million from $9 million.</p><h3 id="dogecoin-price-analysis">Dogecoin Price Analysis</h3><p>Dogecoin has been trading within a range, oscillating between the 50-day Simple Moving Average (SMA) at $0.16 and a horizontal support at $0.12 for some time. As of writing, DOGE price trades at $0.146, declining over 2.6% in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0a3f24a9bf724c989e31649efb9772d9.png" /></p><p>Investors are working to keep the price above the 20-day Exponential Moving Average (EMA) at $0.15. Should they manage this, the DOGE/USDT pair could climb to the 50-day SMA. This level is critical for bears to hold as a breakthrough could lead to a surge towards the resistance zone ranging from $0.21 to $0.23.</p><p>Conversely, if the price falls and closes below $0.12, it would form a bearish head-and-shoulders pattern, potentially sending the pair down to the significant support level at $0.08.</p><h3 id="shiba-inu-price-analysis">Shiba Inu Price Analysis</h3><p>Shiba Inu dropped below the $0.000023 support level, suggesting that bears are gaining control. However, buyers quickly gained control and defended the decline. As of writing, SHIB price trades at $0.0000233, declining over 1.3% in the last 24 hours.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/24848e60262e40fd99dc2c20e2e1490f.png" /></p><p>The bulls are attempting to hold the 20-day EMA at $0.0000234, but any recovery is likely to encounter resistance at the downtrend line. A decline from this line could lead to a drop to the 61.8% Fibonacci retracement level at $0.00002, potentially extending to $0.0000185.</p><p>On the other hand, if the price rises and surpasses the downtrend line, it will indicate a market rejection of the lower levels. In this scenario, the SHIB/USDT pair might climb to the next resistance level at $0.000032.</p>

Shiba Inu And Dogecoin Flip On-Chain Signals Following Massive Whale Interest! Here’s What To Expect Next

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