SHIB and DOGE Price Analysis for April 3


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The last day of the week has turned out to be bearish for the cryptocurrency market as almost all coins are in the red zone.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

DOGE/USD

DOGE has followed the drop of Bitcoin (BTC), falling by 0.54% since yesterday. However, the price change over the last week has accounted for +3.57%.

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

Despite the fall, DOGE keeps trading above the vital support level at $0.1390. Furthermore, the selling trading volume is going down slightly, which means that bears are running out of power.

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That is why the most likely scenario is a continued rise to the resistance at $0.1537 by the end of the next week.

DOGE is trading at $0.1423 at press time.

SHIB/USD

SHIB has lost more than DOGE as the decline of the meme coins has constituted 2.40%.

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

SHIB cannot show the growth prospects of DOGE as it keeps trading sideways. On the other hand, the rate is coming back to the resistance at $0.00002850. The altcoin have accumulated enough energy for a further rise, which means that there is a good chance to see the breakout next week.

SHIB is trading at $0.00002643 at press time.


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