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Crypto

DOGE and SHIB Price Analysis for September 27


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bears seem to be starting to lose their initiative as the rates of most of the coins are rising.

Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has risen by 2.58% over the last 24 hours.

DOGE/USD chart byTradingView

According to the technical analysis, it is too early to think about the bullish trend as the price keeps trading sideways. One needs to test the $0.065 zone to make sure that bulls are ready for the breakout of the resistance level at $0.065557.

If that happens, traders might see an ongoing rise to the $0.07 area.

DOGE is trading at $0.06238 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, going up by 2.38%.

SHIB/USD chart by TradingView

However, the situation is not bullish on the daily time frame. The price has not even gotten to the $0.00001150 mark, which means that sellers still have the chance to seize the initiative. Daily closure above the $0.000012 mark can only confirm a possible ongoing rise.

SHIB is trading at $0.00001135 at press time.



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