DOGE and SHIB Price Analysis for May 23


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Bears are losing their efforts as the majority of the coins are going up.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

DOGE is going up, growing by 0.72% over the last 24 hours.

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

Despite the growth, DOGE is located in the middle of a wide range between the support at $0.0711 and the resistance at $0.1.

However, if buyers’ pressure continues and the candle fixes around $0.09, there are good chances to see the current week turn bullish for the meme coin.

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DOGE is trading at $0.0864 at press time.

SHIB/USD

SHIB has gained more than DOGE with a rise of 2.08% since yesterday.

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

At the moment, SHIB is far away from mid-term growth as the rate remains close to the support at $0.000011. If the buying trading volume keeps going down, one can expect a further drop to the critical zone of $0.000010 within the next few days.

SHIB is trading at $0.00001219 at press time.


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