10/16/2022 | U.TODAY

DOGE and SHIB Price Analysis for October 16

DOGE and SHIB Price Analysis for October 16

DOGE/USD DOGE is the only coin from the list whose rate is going up. The price has risen by 0.58% over the last 24 hours.

However, today's slight rise has not affected the technical position of DOGE. The rate remains close to the support level at $0.05628, which means that bears still have power. Related SOL and MATIC Price Analysis for October 14 If buyers want to seize the initiative, they need to bring the price back to the $0.065 zone. Thus, the volume should also start rising. DOGE is trading at $0.059 at press time. SHIB/USD SHIB has gained even more than DOGE as the price has grown by 1.08%. On the daily chart, SHIB is looking even worse than DOGE as the rate is very close to the support level at $0.00001. In addition, this is a key level for bulls. If they lose it, there is a high chance of a continued sharp drop as the meme coin has accumulated enough power for that. All in all, a breakout of the aforementioned level may lead to a test of the $0.000009 area soon. SHIB is trading at $0.00001028 at press time.