E Point Perfect

DOGE and SHIB Price Analysis for October 4


It seems that bulls seized the initiative as all of the top 10 coins are back to the green zone.

Top coins by CoinMarketCap


DOGE could not show such a huge rise as Bitcoin (BTC) with a growth of only 0.92%.

DOGE/USD chart byTradingView

On the daily chart, DOGE is showing power as the price has bounced off $0.06, which is important for buyers to hold if they want to keep the upward move. Currently, the volume has declined, confirming the dominance of sideways trading. However, if the growth continues to the $0.063-$0.064 zone, there are chances to see the test of the resistance level at $0.06557 soon.

DOGE is trading at $0.06085 at press time.


SHIB has gained more than DOGE, as the rise has constituted 1.14% since yesterday.

SHIB/USD chart by TradingView

Analyzing the chart, SHIB is trading in the middle of the range, confirming the fact that none of the sides has accumulated enough strength for a sharp move. But if the candle can fix above the $0.00001150 zone and hold there for some time, one can expect a bullish trend reversal.

SHIB is trading at $0.00001127 at press time.


Source link

Related posts

onXRP Reveals Revolutionary Plans in Its Recent AMA

SHIB, XRP, ADA Take Hit Due to Blockbuster Jobs Report

636 Million XRP Moved by Ripple and Whales as XRP Rises 7% in Past Week

Dogecoin Is More Useful Than Cardano, Billionaire Mark Cuban Claims

Here Are Results of Cardano Project Catalyst Fund 7

DOGE Creator Speaks on Expectations for Bear Market