Published 11 hours ago
Dogecoin, Shiba Inu price prediction- The bull run continued in the crypto market and pushed the major cryptocurrencies to higher ground. At 9:15 am EST Saturday, the global crypto market stood at $1.06 Trillion, a 2.18% rise over yesterday.
Moreover, the total crypto market volume has reached $101.85 Billion, representing a rise of 11.62%. The total volume in DeFi is currently $6.34 Billion, 6.23% of the total crypto market 24-hour volume.
Top Gainers and Losers
Today, Axie infinity and Algorand are the top gainers among the top 100 cryptocurrencies. By the press time, the AXS price moves at $10.8 with an 18.4% gain in the last 24 hours, while ALGO is trading at $0.45 with a 15.67% increase. Conversely, the top losers are UNUS SED LEO and Loopring, where the LEO price trades at $4.37, accounting for an 8.51% loss, while the LRC price is down to $0.3586 with a 3.94% loss.
Following a perpendicular growth at the October end, the Dogecoin price initiates a correction phase from the $0.1518 resistance. The memecoin currently trades at $0.127, registering a 15.85 loss over the past four days.
However, the ongoing recovery in the crypto market stalls the bearish pullback at 0.328 Fibonacci retirement level($0.12). Nevertheless, the higher price rejection candle at local resistance of $0.135 indicates the supply pressure persists, and the correction phase could last longer.
With sustained selling, the downward spiral may plunge the Dogecoin price 13.3% down to hit 0.5 FIB.
Shiba Inu price
Since last week, the Shiba Inu price has been in a consolidation phase between $0.000014 and $0.0000116. The multiple higher price rejection candle at $0.000014 resistance indicates the supply pressure is higher at this level.
However, the coin chart shows a double bottom pattern in the 4-hour time frame chart. Amid the recovery sentiment in the crypto market, a 4-hour candle closing above the $0.00001318 neckline resistance will accelerate the bullish momentum and assist buyers in surpassing $0.000014 barriers.
Conversely, if the selling pressure at overhead resistance persists, the prices may revisit the $0.00001162 support.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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