Shiba

Momentum

Dogecoin

Shiba Inu

<p>The post <a href="https://coinpedia.org/price-analysis/dogecoin-doge-and-shiba-inu-shib-the-top-two-meme-coins-prepare-for-a-breakout-run/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) and Shiba Inu (SHIB), The Top Two Meme Coins Prepare For A Breakout Run!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the altcoins preparing for a bull run this February, the total crypto market cap, excluding Bitcoin, has reached $783 billion. Signaling a 7.5% growth in the last two weeks, the altcoins share a mutual sentiment with the price action teasing breakout events in multiple coins.&nbsp;As the investors gain confidence, the highly volatile meme coin space is preparing to take off. Let’s have a closer look at the two biggest meme coins in the crypto market.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-the-meme-coin-doge-price-reach-0-10">Will The Meme Coin DOGE Price Reach $0.10?</h2>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66-1024x464.png" alt="" class="wp-image-268262" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144514/image-66.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Source- <a href="https://www.tradingview.com/x/PEvv8YTz/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>With the constant support from the 200D EMA, the DOGE price trend is ready to surpass the overhead resistance trendline. Eventually concluding the pullback phase, the meme coin eyes a bull run to reclaim the $0.10 mark.&nbsp;</p>
<p>Currently, the meme coin trades at $0.0805 following the overnight jump of 1.65% to form a bullish engulfing candle. With this increase in buying pressure, the altcoin prepares for a breakout run. Further, the rising bullish divergence in the RSI line supports the possibility of a jump in Dogecoin prices.&nbsp;</p>
<h2 class="wp-block-heading" id="h-will-shib-price-sustain-momentum-to-touch-0-000012">Will SHIB Price Sustain Momentum To Touch $0.000012?</h2>
<p>Breaking above the falling wedge, the SHIB price trend displays a successful retest of the broken trendline. With a 2.26% jump overnight and an intraday growth of 1.77%, the meme coin is consecutively making a second green candle. Thus, the post-retest reversal is gaining momentum.&nbsp;</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67-1024x464.png" alt="" class="wp-image-268263" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67-1536x696.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/08144517/image-67.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Source- <a href="https://www.tradingview.com/x/RtVSj008/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>Therefore, the Shiba Inu price trend is ready for a bullish spiral, and the 50D EMA breakout will signal an entry spot for sideline traders. Optimistically, the altcoin can reach the $0.000012 mark this month.&nbsp;</p>

Dogecoin (DOGE) and Shiba Inu (SHIB), The Top Two Meme Coins Prepare For A Breakout Run!

Table of Contents

CoinPedia News

Other articles published on Feb 8, 2024

Kraken Expands to Netherlands After Bagging VASP Registration

🗒 Daily Newsletter | Thursday, February 08, 2024

1st Report Of February 2024

SUI Goes For A New All-Time High Amidst Bearish Market Movement; Algotech (ALGT) Presale Buyers C...

Bakkt Signals Potential Closure Amid Business Sustainability Fears

Kaspa Price Prediction: Kaspa Bulls Set to Scale New Peaks

Join our free newsletter for daily crypto updates!