DOGE and SHIB Break Bullish Patterns As Investors Cash In

• DOGE and SHIB’s price losses over the past 24 hours suggest that investors are getting rid of their holdings.
• DOGE’s price fell by 2.80% in the past 24 hours, causing it to break below an ascending triangle on its chart.
• SHIB’s price decreased by more than 3%, and as a result, escaped a positive price channel that had formed on its daily chart.

Both Dogecoin (DOGE) and Shiba Inu (SHIB) saw their prices slip over the past 24 hours, which suggests that meme coin investors are cashing in their holdings. Additionally, DOGE and SHIB broke out of bullish chart patterns over the past 24 hours of trading.

Dogecoin (DOGE)

CoinMarketCap indicated that DOGE saw its price drop by 2.80% over the past day, which left the meme coin trading hands at $0.06199. The intraday volume for DOGE did, however, increase by about 5.96%. As a result, the altcoin’s 24-hour trading volume settled at $238,007,814.

A bullish ascending triangle had formed on DOGE’s daily chart throughout the past 2 weeks. This pattern suggested that the cryptocurrency may attempt to break above $0.06450 (the base of the pattern) in the next fe…

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