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Shiba Inu price rebounds 100% after record lows against Dogecoin — More upside ahead?

Published 02/05/2023, 01:29 AM
Updated 02/05/2023, 03:00 AM
© Reuters
DOGE/USD
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SHIB/USD
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Shiba Inu (SHIB) price was at the lowest versus its top rival Dogecoin (DOGE) in November 2022. Three months later, the dynamics have flipped.

On Feb. 4, 2023, the SHIB/DOGE pair reached 0.00001638 DOGE, up almost 100% three months after bottoming out at 0.00000993 DOGE, its lowest level on record.

SHIB/DOGE daily price chart. Source: TradingView
SHIB/DOGE daily price chart. Source: TradingView

DOGE, SHIB price downside in February?

DOGE/USD daily price chart featuring rising wedge setup. Source: TradingView
SHIB/USD daily price chart. Source: TradingView

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