Dogecoin

Shiba Inu

During the recent downturn in the market, Dogecoin and Shiba Inu faced significant losses. However, there are signs suggesting a potential turnaround ahead. The broader volatility in the crypto world has particularly affected meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB).<h2 id="header-0">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />Shiba Inu experienced a decline of 10.65% over the past week, dropping to as low as $0.000022. Similarly, Dogecoin saw a decrease of over 11%, hitting a weekly low of $0.142. Despite these setbacks, important on-chain indicators hint at the possibility of a significant uptick, <a href="https://cryptosheadlines.com/next-weeks-altcoin-watchlist-loom-bnt-sol-for-potential-gains/" rel="noopener noreferrer nofollow">potentially resulting in gains</a> of over 100%.<h2 id="header-1">Dogecoin’s Potential Bullish Trend</h2>Currently, Dogecoin is exhibiting a mildly oversold trend according to its daily chart. The Relative Strength Index (RSI) for the coin stands at 45, showing a slight increase from the 34 recorded on May 1. This uptick in selling pressure hints at a potential shift <a href="https://cryptosheadlines.com/luncs-bullish-trend-heading-towards-0-001/" rel="noopener noreferrer nofollow">towards a bullish trend</a>.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines2-6.webp?resize&#61;640%2C267&amp;ssl&#61;1" />DOGE/USDT 1D Chart. Source: TradingViewDespite trading above its 200-Day Moving Average (MA), Dogecoin remains below its 50-day MA, highlighting its characteristic volatility. <a href="https://cryptosheadlines.com/dogecoin-price-prediction-bullish-pattern-signals-rally-to-0-1/" rel="noopener noreferrer nofollow">Predicting a sustained bullish rally</a> for DOGE alone is challenging. The broader market sentiment plays a significant role in maintaining the mild uptick in Open Interest (OI), currently pegged at $645.6 million according to Coinalyze, representing a 0.87% increase at the time of writing.<h2 id="header-2">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" />For Dogecoin, the $0.16 resistance level holds crucial significance. With multiple attempts to breach this level in the past 4 weeks, surpassing it could propel DOGE’s price to $0.2 in the short term. While Dogecoin’s fundamentals may be limited, factors like market trends and historical patterns could contribute to triggering a <a href="https://cryptosheadlines.com/potential-for-dogecoin-doge-price-to-double-in-the-near-future/" rel="noopener noreferrer nofollow">potential 100% rally in the near future</a>, alongside the influence of Dogecoin whales.<a href="https://cryptosheadlines.com/cardano-ada-price-positioned-for-potential-190-breakout/" rel="noopener noreferrer nofollow">Also Read: Cardano (ADA) Price Positioned for Potential 190% Breakout</a><h2 id="header-3">Shiba Inu’s Potential for Resurgence</h2><a href="https://cryptosheadlines.com/shiba-inu-metric-surges-200-bull-run-for-shib-price/" rel="noopener noreferrer nofollow">Shiba Inu bulls</a> find themselves with much to prove within the memecoin ecosystem. Despite recent market turbulence, <a href="https://cryptosheadlines.com/shiba-inus-impressive-six-month-growth/" rel="noopener noreferrer nofollow">Shiba Inu has showcased impressive growth</a>, surpassing 116% Year-to-Date (YTD). However, the recent downturn has led to a drop in its Relative Strength Index (RSI), which currently stands at 42.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/cryptosheadlines3-3.webp?resize&#61;640%2C267&amp;ssl&#61;1" />Shiba Inu 4H Chart. Source: TradingViewAn unprecedented <a href="https://cryptosheadlines.com/shiba-inus-ongoing-trends-can-they-fuel-a-bullish-rally/" rel="noopener noreferrer nofollow">trend change is on the horizon for Shiba Inu</a>, as indicated by the Moving Average Convergence Divergence (MACD). Unlike Dogecoin, Shiba Inu is supported by several fundamentals, including its increasing burn rate. Moreover, the token is gaining traction through <a href="https://cryptosheadlines.com/bahamian-payment-platform-adopts-crypto-to-save-money/" rel="noopener noreferrer nofollow">adoption by mainstream payment platforms</a> like Bitpay.<a href="https://cryptosheadlines.com/this-weeks-crypto-highlights-bitcoin-shiba-inu-terra-spark-insights/" rel="noopener noreferrer nofollow">Shiba Inu’s deep correlation with Bitcoin</a> could be its greatest asset in its quest for a 100% resurgence. As <a href="https://cryptosheadlines.com/bitcoin-pepe-coin-and-axs-drive-crypto-market-surge-today/" rel="noopener noreferrer nofollow">Bitcoin’s influence continues to shape the broader crypto market</a>, Shiba Inu stands to benefit from any positive momentum in Bitcoin’s price.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Doge and Shiba Inu Anticipate Big Gains of Over 100%

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