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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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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