Cardano

Solana

Dogecoin

Shiba Inu

Chainlink

<p><strong>While major altcoins like Chainlink (LINK), Telegram Open Network (TON), Ripple (XRP), Cardano (ADA), and Solana (SOL) have been basking in the glory of nice price gains in September, biggest meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have lagged behind. </strong></p> 
<p>The question that looms large is: Should this be a cause for concern for DOGE and SHIB investors?</p> 
<h2 class="wp-block-heading" id="the-altcoin-landscape">The Altcoin Landscape</h2> 
<p>For context, <a href="https://captainaltcoin.com/chainlink-link-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">altcoins like LINK</a> have seen a nice 15% surge in their prices. In contrast, DOGE and SHIB have only managed a meager 1.5% and 0.8% increase. </p> 
<p>This divergence in performance raises eyebrows and warrants a closer look at the technicals driving these <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins.</p> 
<h2 class="wp-block-heading" id="dogecoin-mixed-momentum">Dogecoin: Mixed Momentum</h2> 
<p>Dogecoin recently broke out of a Falling Wedge pattern, catapulting its price to $0.085—a 30% gain. However, the coin has since retraced below its 200-day moving average of $0.08 and even dipped below the $0.07 support level. This has effectively wiped out all previous gains.</p> 
<p>The Moving Average Convergence Divergence (MACD) line is above the MACD Signal Line, indicating bullish momentum. However, the Relative Strength Index (RSI) is below 45, suggesting bearish sentiment. This mixed momentum creates a murky outlook for the coin.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-1024x573.png" alt="" class="wp-image-338087" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-312-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>The nearest support zones are at $0.060 and $0.053, while resistance is found at $0.070 and $0.100.</p> 
<h2 class="wp-block-heading" id="shiba-inu-bulls-might-be-taking-control">Shiba Inu: Bulls Might be Taking Control</h2> 
<p>Much like Dogecoin, <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> also experienced a bullish breakout from a Falling Wedge pattern, reaching a price of $0.085. Unfortunately, it too has fallen below its 200-day moving average and the $0.07 support level.</p> 
<p>The MACD line is bullish, being above the MACD Signal Line, but the RSI is below 45, indicating bearish sentiment—another case of mixed momentum.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-1024x699.png" alt="" class="wp-image-338096" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-768x524.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart-788x537.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/Shiba-inu-price-chart.png 960w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<p>Shiba Inu finds its nearest support zones at $0.060 and $0.053, with resistance at $0.070 and $0.100.</p> 
<p>Shiba Inu has shown some resilience with support at $0.0000070, making a higher low—a bullish sign. The daily MACD made a bullish cross last week, suggesting that the bulls might be taking control. However, any failure to break key resistance could dampen this optimism.</p> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>The underperformance of DOGE and SHIB in comparison to other altcoins is a worrying sign for investors in these meme coins. Both coins are currently in a downtrend across all time horizons, and their mixed momentum indicators make it difficult to predict a clear path forward. </p> 
<p>While there are signs of potential bullish reversals, they are yet to materialize into significant gains. Investors should keep a close eye on key support and resistance levels and set price alerts to navigate through these uncertain times effectively.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"> <strong>74% of retail CFD accounts lose money.</strong> 
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc"> <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/meme-coins-underperform-dogecoin-doge-and-shiba-inu-shib-stuck-in-the-doghouse/">Meme Coins Underperform: Dogecoin (DOGE) and Shiba Inu (SHIB) Stuck in the Doghouse</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Meme Coins Underperform: Dogecoin (DOGE) and Shiba Inu (SHIB) Stuck in the Doghouse

Obsah

CaptainAltcoin

Ďalšie články zverejnené 19. 9. 2023

Cryptocurrency Turbulence: NYDFS Drops XRP, DOGE, and LTC

Major XRP Announcement this Week: What’s John Deaton About to Reveal?

XRP Attorney Addresses New York's Delisting of Ripple and Dogecoin, Denies Political Intentions

Chewy Stock Fell 19%; Should Investors Catch the Falling Knife?

Toncoin Meroket, Kalahkan Solana dan Shiba Inu

Explained: How JaredFromSubway.eth still sandwich attacks victims

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!