Shiba

Convergence

Dogecoin

Shiba Inu

<p>The post <a href="https://coinpedia.org/price-analysis/memecoins-on-a-run-doge-price-and-shib-price-to-jump-50-in-may/">Memecoins On A Run! DOGE Price And SHIB Price To Jump 50% In May?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The memecoins category continues to display volatile price sentiments following the cross-border market correction during the week’s start. Category leaders, Dogecoin and Shiba Inu tokens hover close to their support/resistance levels, indicating uncertainty in future price action.</p> 
<h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE):</h2> 
<p>The leader of the memecoins category, <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">Dogecoin price</a>, continues to hover close to its crucial support level of $0.128 despite an increase in the bullish sentiment within the crypto industry. Moreover, the Cross EMA 50/200-day records a bearish curve, highlighting a bearish sentiment for this token in the crypto market.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/zNzkYh-jIywpbkqP88OksFOUb4m1SM59sc_RKrjDRA8Cs1Egzwd8MjVHowNOaHVHkhvUwqCC0Ne1xYCaAi_9Im3H-YLxOpLzX8TKMD_1hjpDgzxJdS8ofUdk3IueMKuoXrfx9VHd1WYaH-lGG504G0w" alt="Dogecoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: DOGE/USDT
 </figcaption>
</figure> 
<p>The technical indicator, MACD, displays a constant red histogram in the 1D time frame, highlighting a strong bearish sentiment in the crypto industry. Moreover, the averages show a negative trend, indicating the memecoin leader, Dogecoin, may continue losing value this week.</p> 
<p>If the bulls hold its price above the crucial support level of $0.128, the <a href="https://markets.coinpedia.org/dogecoin/">DOGE price</a> will prepare to test its upper high of $0.182 this month. Conversely, if the bears dominate the crypto market, it will plunge and prepare to test its lower support level of $0.10 in the coming time.</p> 
<h2 class="wp-block-heading" id="h-shiba-inu-shib">Shiba Inu (SHIB):</h2> 
<p>Following in the footsteps of the category leader, the second largest memecoin by market cap, <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu price</a> continues to display a similar trend by recording a jump of approximately 4% within the past 24 hours. Furthermore, the SHIB token has a Year-to-Date (YTD) of 121.38% in value.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/0kVPCSWKOoxiE49Ip6a4LZ0p5jwA7GhgAicW1TLFQrI4Mu-mEtsbB8sPx8O_r0I709QZ23jDAn4bApFEDW9CuCo1Z777pHhItkiXfBC5A-ARd85KElQzFE7q-p9zn9r-WiHjJo9FE9fDWhIsy-o6aFA" alt="Shiba Inu Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: SHIB/USDT
 </figcaption>
</figure> 
<p>However, the <a href="https://markets.coinpedia.org/shiba-inu/">SHIB coin price</a> has lost 11% within the past seven days and 15.32% over the past 30 days, highlighting a rising bearish sentiment for the memecoin in the crypto space. On the other hand, its EMA 50-day acts as a resistance to the price chart, indicating a negative influence in the crypto space.</p> 
<p>The Moving Average Convergence Divergence (MACD) shows a constant flatline in its chart, indicating weak buying and selling pressure for the memecoin in the market. However, the averages display a neutral trend, suggesting uncertainty in future price action.</p> 
<p>If the market pushes the price above the resistance level of $0.00002375, the bulls will regain momentum and prepare to test its upper resistance level of $0.0000308. Conversely, bearish price action may pull the price toward its support level of $0.0000170 during the upcoming weeks.</p>

Memecoins On A Run! DOGE Price And SHIB Price To Jump 50% In May?

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