<ul>
<li>Meme coins are experiencing a rebound after a brief downward period.</li>
<li>Shiba Inu (SHIB) and Dogecoin (DOGE) are among the cryptocurrencies involved in this recovery.</li>
<li>At press time, SHIB’s price had increased by 3.76% in the last 24 hours, while DOGE was up 4.95%.</li>
</ul>
<p><strong>Discover the latest trends in meme coins as SHIB and DOGE show signs of a potential price surge. Stay informed with our in-depth analysis.</strong></p>
<h2><strong>SHIB Price Analysis: Potential Surge on the Horizon</strong></h2>
<p>At press time, SHIB changed hands at $0.00002493. According to the 4-hour SHIB/USD chart, the On Balance Volume (OBV) has increased. An increase in the indicator suggests that buying pressure is at a high point. Assuming the OBV were to fall, it would have suggested a rise in selling pressure. With the Relative Strength Index (RSI) crossing above the neutral area, SHIB could be set for a further hike. Should this occur, the price could hit $0.00002680 in a short period.</p>
<h3><strong>DOGE Price Movement: Indicators Suggest Upward Trajectory</strong></h3>
<p>Dogecoin exhibited a similar movement to SHIB. At press time, the price of the coin was $0.16. Indications from the parabolic SAR showed that the price is poised to move higher. From the indicator, DOGE could rise to $0.18 before the market becomes choppy in the short term. Furthermore, the Awesome Oscillator (AO) was positive, indicating the momentum could continue its upward trajectory, while the value might jump. However, if the price rises to $0.18, the token rally might get rejected.</p>
<h3><strong>Conclusion</strong></h3>
<p>The recent price movements in meme coins like SHIB and DOGE suggest a potential upward trend. With indicators showing strong buying pressure and positive momentum, these cryptocurrencies could see further gains. However, investors should remain cautious as market conditions can change rapidly. Stay tuned for more updates on the evolving crypto landscape.</p>
Don't forget to enable notifications for our
Twitter account and
Telegram channel to stay informed about the latest cryptocurrency news.
