Recently, the cryptocurrency market has seen a rebound, especially meme coins like Dogecoin and Shiba Inu, attracting increasing attention from investors. Particularly with the positive news of Brazil ceasing additional tariffs and inflation slowing down, Bitcoin's price is nearing $85,000. This series of news has led to strong buying pressure for Dogecoin and Shiba Inu. However, don't be misled by short-term gains; the real test is just beginning—can they break through key resistance levels for greater increases?
Dogecoin (DOGE)
Currently, Dogecoin faces strong resistance at the critical level of $0.17. Although the bullish momentum is strong in the short term, with prices rising over 2%, sellers are also defending, which could lead to a price retracement to the 23.6% Fibonacci support level. The RSI shows that the market remains bullish, but if the buying pressure cannot be maintained, a decline may occur, with a worst-case scenario potentially dropping to $0.13.
However, if the bulls successfully break through the resistance at $0.17, Dogecoin is expected to once again target $0.2, and even challenge $0.25 after breaking through! The opportunity is right in front of us; the key lies in the fluctuations of market sentiment.
Shiba Inu (SHIB)
The market for Shiba Inu is also facing challenges, with the current resistance level at $0.000013 making it difficult for prices to break through. Despite strong buying momentum, sellers are defending hard, and prices are temporarily hovering within a narrow range. The RSI is slightly bullish, indicating potential upward momentum, but the difficulty of breaking through still exists.
If SHIB can break through $0.000013, the next target is $0.0000157. However, if selling pressure rises and it falls below the 20-day moving average support, it may drop again to $0.0000102. Market conditions are ever-changing; understanding trends and seizing opportunities is the key to ultimate victory.
Summary:
Although Dogecoin and Shiba Inu are facing strong resistance, the bullish sentiment in the market remains strong. If they can break through the current resistance, there is significant room for growth. However, we must also be cautious; any rapid rise in the market could be followed by a quick pullback. In the short term, cautious trading and closely monitoring market trends can position you to seize opportunities and welcome more profits.
The future of the cryptocurrency market is full of challenges and opportunities. With faith and determination, let us witness the next legend of the market together#DOGE #ADA #sol #ToiletHeist #加密市场反弹 $BTC $DOGE $SHIB
