DOGE, SHIB Rally 3%—And Here's Why That Should Terrify Bulls
Dogecoin (DOGE) and Shiba Inu (SHIB) both rallied 3% but remain in a downtrend, having dropped 60% from their 2024 peaks. DOGE is trading below all major moving averages, indicating bearish momentum, while SHIB mirrors this pattern. Key resistance levels for DOGE are at $0.13040 and $0.15236-$0.17296, while SHIB faces resistance at $0.00000875-$0.00000892. Both cryptocurrencies show signs of overselling, but the overall trend remains negative, suggesting caution for bulls.
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