DOGE and SHIB Price Analysis for June 4


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Most of the coins are facing a slight decline since yesterday.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

DOGE is looking much better than most of the other coins with a price change over the last 24 hours of +1.15%.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

From the technical point of view, nothing crucial has changed so far. Thus, sideways trading is also confirmed by the low volume.

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However, if bulls can hold the rate above $0.08 by the end of the week, the correction may continue to $0.085 next week.

DOGE is trading at $0.0809 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, going up by 0.75%.

SHIB/USD chart by TradingView
SHIB/USD chart by TradingView

Despite the growth, SHIB is weaker than DOGE in the mid-term scenario as bulls have failed to keep the rate above the $0.000011 zone. If sellers’ pressure continues, the crucial mark of $0.000010 can be attained by mid-June.

SHIB is trading at $0.00001073 at press time.


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