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Will DOGE and SHIB Soar to New Heights?


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Compared to other meme tokens, Dogecoin (DOGE) currently acts as the "dark horse." It hasn't yet participated in a significant rally or reached new highs, indicating potential for upward movement.

Resistance and Potential Breakthrough

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Dogecoin price is currently challenging the resistance zone between $0.170 and $0.180. If it successfully breaches this barrier, it could significantly amplify its upward trend, with the next target for buyers at $0.197.

Possible Correction and Support Levels

In the event of a correction, DOGE is expected to test the support zones at $0.147 to $0.150 and $0.136 to $0.142.

SHIB: Poised for Growth

For the last two weeks, Shiba Inu (SHIB) has been trading within a wide flat range, fluctuating between the buying zone at $0.0000235–$0.0000241 and the selling zone at $0.0000260–$0.0000270. The token is showing strong potential for growth.

Factors Driving SHIB's Potential

There are two main factors at play: ongoing enthusiasm for meme tokens and significant interest in the Ethereum blockchain, which hosts Shiba Inu, especially following the recent approval of an ETF.

Expected Growth and Targets

As a result, Shiba Inu stock is expected to accelerate its growth soon, potentially testing new highs, with an immediate target of $0.0000282.

Possible Correction and Support Levels

While a corrective scenario is possible, it would likely be a temporary setback within an overall upward trend. Key support zones are currently at $0.0000210–$0.0000225.

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