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?

Table of Contents

CoinPedia News

Autres articles publiés le 3 mai 2024

Upbit Listing for ZETA and OMNI Leads Up to 40% Price Rally

MultiBank.io: A Revolutionary Leap in Cryptocurrency Derivatives Trading (3 May)

Coinbase Rises 9% After Release of Q1 2024 Earning Report

Solana takes on Ethereum as ‘DEX war’ takes new turn

How WIF’s price outperformed Bitcoin on this important front

Nigerian Fintechs Issue Crypto Warnings

Join our free newsletter for daily crypto updates!