Dogecoin was consolidating in today’s session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged.Dogecoin moved marginally higher on Monday, as prices began to settle following recent volatility.Since then, prices have fallen lower, with the meme coin hitting a bottom of $0.08204 earlier in today’s session.DOGE/USD has gone on to reach a peak of $0.
At the time of writing, the index is tracking at 52.83, which comes after bulls rejected a breakout below a floor at 51.00. Should the RSI move towards the 55.00 mark, there is a good chance that DOGE will be trading above $0.0850.Shiba inu was largely unchanged to start the week, as the meme coin continued to consolidate on Monday.As a result of the move, SHIB continues to trade below an interim resistance level of $0.00001100.Looking at the chart, the price uncertainty comes despite a recent upwards cross between the 10-day moving average, and its 25-day counterpart.
In addition to this, the RSI remains below a key ceiling at 50.00, which seems to be another reason for current volatility.Register your email here to get weekly price analysis updates sent to your inbox:
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Stupid coins do stupid things ... so hold your $DOGE and $SHIB guys, sono or later they'll pump again !
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