NewsletterPopular Crypto Analysts Bullish On DOGE And SHIB Despite Liquidity Woes
The crypto market consolidates today for further upside move, with some crypto such Dogecoin and Shiba Inu hinting at an upcoming breakout rally. Popular crypto analyst Michael van de Poppe expressed confidence that the first phase of the bull cycle will turn into a good weekend for crypto enthusiasts.
Also Read: Binance Vs SEC Lawsuit Update: Binance.US Files Unopposed Motion For Continuance
Dogecoin (DOGE) and Shiba Inu (SHIB) Bull Cycle
Popular crypto analyst Michael van de Poppe said the market is moving good at the weekend, as the first phase of the bull cycle will soon be a rollercoaster, resulting in the change of dynamics of crypto trading. He said the crypto market is currently low on liquidity, but still holding strong.
Crypto analyst Rekt Capital shared his prediction on Dogecoin (DOGE) and Shiba Inu (SHIB). Rekt Capital said that DOGE retest was successful and Dogecoin has made all the right steps in confirming a breakout from its channel.
However, recently, the coins have been making some noise and have been in the limelight with constant activities whale alerts, and upward moves.
DOGE price jumped 9% in the past 24 hours, with the price currently trading at $0.80. The 24-hour low and high are $0.073 and $0.081, respectively. Furthermore, the trading volume has increased by 18% in the last 24 hours, indicating a rise in the interest of traders.
Shiba Inu has jumped 15% after retesting the support at $0.0000080. He predicts an upcoming rally for SHIB, with price to rally above $0.00001. However, it first needs to reclaim above the $0.0000093 level for further upside move.
SHIB price jumped 13% in the past 24 hours, with the price currently trading at $0.0000092. The 24-hour low and high are $0.00000815 and $0.0000095, respectively. Furthermore, the trading volume has increased by 81% in the last 24 hours, indicating a rise in the interest of traders.
Also Read: Whale Moves Over 39 Mln XRP To Coinbase As Price Nears $0.7
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists
- JPMorgan calls Bitcoin Price Bottom, Predicts It Will Challenge Gold Next Year
- Zcash to Surpass XRP? Arthur Hayes Makes Bold Claim Amid ZEC’s 45% Rally
- BlackRock Bitcoin ETF’s Biggest Outflow Ever Sparks Panic, But Kiyosaki Stays Bullish
- Bitcoin Can Rebound Anytime So Long Capital Keeps Flowing In, Says CryptoQuant CEO
- What the New Bitcoin Model Predicts About a Possible $200K BTC Price Target?
- Zcash Price Soars 45%: Here’s Why
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
- XRP, DOGE & ADA Price Outlook: How Low Can These Altcoins Drop Next?
- Ethereum Price Sheds 10% but Lands on the $3,150 Accumulation Base — Is a Buy-the-Dip Bounce Ahead?
