How big is potential of meme coins compared to top cryptocurrencies?
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Bulls are trying to return to the game as some coins are already trading in the green zone.
DOGE/USD
The price of DOGE has increased by 3.81% over the last seven days.
DOGE keeps accumulating power for a further move as the price is located in the middle of the wide channel.
If buyers want to seize the initiative, they should bring the rate back to the nearest resistance zone around $0.064.
DOGE is trading at $0.06210 at press time.
SHIB/USD
SHIB could not show the same weekly growth as DOGE as the price has only risen by 0.85%.
From the technical point of view, SHIB is trading similarly to DOGE as the meme coin has also not accumulated enough strength for a further move. Growth might only be possible if the rate reaches the $0.0000118 mark. In that case, there would be a chance to see a midterm bull run.
SHIB is trading at $0.00001107 at press time.
Source: https://u.today/doge-and-shib-price-analysis-for-october-9