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DOGE and SHIB Price Analysis for June 9

Published 06/09/2023, 11:30 AM
Updated 06/09/2023, 12:00 PM
© Reuters DOGE and SHIB Price Analysis for June 9
DOGE/USD
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SHIB/USD
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U.Today - The keeps trading sideways as neither bulls nor bears have seized the initiative yet.

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DOGE/USD

The rate of DOGE has risen by 2.32% over the last 24 hours.

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Today's growth has not affected the overall technical position of DOGE on the daily chart. The declining volume confirms that none of the sides is ready for a sharp move. The nearest mark that bulls should pay attention to is the zone of $0.074.

If the price gets back to it, there is a chance to see a resistance breakout, followed by a continued upward move to $0.08.

DOGE is trading at $0.06936 at press time.

SHIB/USD

SHIB has not followed the growth of DOGE, going down by 0.21%.

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From a technical point of view, SHIB is trading similarly to DOGE as the meme coin keeps accumulating energy. In this case, ongoing sideways trading in a narrow range around the $0.000008 zone is the more likely scenario for the next week.

SHIB is trading at $0.00000798 at press time.

This article was originally published on U.Today

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