Popular 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