DOGE and SHIB Price Analysis for May 28


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The weekend has started with the fall of the crypto market; however, there are some exceptions to the rule. Mainly, the rate of DOGE has risen by 3.66%.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

As mentioned before, DOGE is the only coin out of the top 10 list that is located in the green zone.

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

Despite the growth today, the price is far away from the crucial levels, which means that DOGE might keep trading sideways.

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The low volume confirms such a scenario. However, if the fall continues and the weekly candle fixes below $0.08, the next week can be bearish for the meme coin.

DOGE is trading at $0.0817 at press time.

SHIB/USD

Unlike DOGE, SHIB has not followed the rise of the meme coin, going down by 0.21%.

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

SHIB is trading near its crucial zone at $0.000010. The selling volume remains high, which confirms that it is too early to think about a reversal. In this case, fixation below the mentioned mark can be a prerequsite for the drop to the support at $0.00000907 soon.

SHIB is trading at $0.00001072 at press time.


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