A Crypto Contest: Dogecoin vs Shiba Inu Competing for Dominance
Dogecoin and Shiba Inu, two popular memecoins, are hovering within crucial regions that require a breakout, according to recent price analysis. Dogecoin is ranging within a decisive symmetrical triangle, and a notable upswing may be triggered once the price breaks the triangle, potentially rising to 0.3g FIB levels at $0.1. Shiba Inu is trading within a rising parallel channel and testing the lower support, with a flip from the lower support a possibility for a bullish breakout. However, if the token fails to rebound, a notable drop may occur that could test the 2022 bottom at around $0.00000838. While popular cryptocurrencies like Bitcoin and Ethereum are trading near their respective resistance levels, they are unable to break above them, and some altcoins that were bullish earlier are sliding under bearish influence. The crypto space continues to shuffle within the same narrow range it began a few days ago.
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