11/9/2022 | Be In Crypto
Shiba Inu and Dogecoin Price Prediction: Why the Flash Crash Isn’t a Catastrophe
DOGE has created a double top pattern.
It is following a descending resistance line.
SHIB is trading inside support at $0.0000097.
The Dogecoin (DOGE) price has found support after completing a double top pattern. The Shiba Inu (SHIB) price is trying to hold above a crucial horizontal support level.
Dogecoin Price Prediction: Bullish Structure Still Intact
The technical analysis from the six-hour chart shows that the Dogecoin price has been decreasing since creating a double top pattern on Oct. 29 and Nov. 1 (red icons).
The double top is considered a bearish pattern and often leads to a price decrease. Moreover, the pattern was combined with a bearish divergence in the RSI (green line). The downward movement led to a low of $0.077 on Nov. 8.