Dogecoin (DOGE) and Shiba Inu (SHIB) Price Prediction — Is a Massive 29% Surge Just Around the Corner for DOGE?

Technical indicators and on-chain metrics suggest that this price increase is likely to continue after several weeks in a consolidation phase.

Several technical indicators and on-chain metrics suggest that the recent price increase for Dogecoin (DOGE) and Shiba Inu (SHIB) could continue. Both coins have tested important support levels, which if hold, could pave the way for further gains of up to 18% for DOGE and 30% for SHIB.

Dogecoin price today saw strong buying pressure at the $0.2150 support. As reported by Crypto News Flash, this level has been tested several times and also coincides with the 200-day Exponential Moving Average (EMA).

Support at this level has been maintained since last week and is still holding, which bodes well for the bulls in the $0.18-$0.23 zone.

If this level holds, DOGE has the potential to rise about 18% until it reaches $0.27, which is the 45% correction level calculated from the August 2023 low of $0.05 to the December 2024 high of $0.4850.

Dogecoin’s short-term Relative Strength Index (RSI) stands at 60, above the neutral limit of 50. This supports the argument for upward momentum, as an RSI above 50 usually indicates an uptrend.

However, if the price closes below the $0.2150 support, further downside is likely which could bring DOGE down to around $0.18, the next weekly support level.

Shiba Inu also managed to defend an important technical support level. The price briefly touched a low near the 50-day EMA at $0.00001460 over the weekend and the next few days remained above that zone.

On Wednesday, the price was around $0.00001498. This level is also close to the downtrend line that was broken in May and was previously an important support.

As long as SHIB is able to maintain this support level, a 30% increase is very likely with the next resistance target at $0.00001765.

Just like Dogecoin, the short-term positive sentiment is supported by SHIB’s daily RSI value of 57. However, if the support at $0.000013 fails to hold, a drop to $0.000011 (the lowest level on April 16) is likely.

Coin that’s been Idle for a While Signals Potential Upside for Meme Coin

Santiment’s Age Consumed indicator, which monitors long-dormant tokens, shows significant recent activity for DOGE and SHIB.

Previous spikes in this indicator are usually preceded by price increases, where holders who have never sold before end up offloading their tokens as the indicator rises.

The latest surge in indicators on Tuesday suggests the next price hike may be imminent.

The meme coin market, especially DOGE and SHIB, is again attracting attention not only from technical trends but also from the behavior of holders and traders.

Coins that have been dormant for a long time are now starting to become active again, signaling increased interest and confidence, especially after a period of low volatility that lasted for months.

Although both coins still need to break through resistance levels to confirm long-term direction, current indicators favor optimism in the short term.

DOGE needs to hold at $0.2150, while SHIB needs to stay above $0.000013 to keep the momentum going.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Get a web trading experience with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

.