Can DOGE and SHIB Emulate BONK's Meteoric Rise in Crypto?

• Dogecoin and Shiba Inu exhibit promising growth, driven by increasing investor interest and positive technical indicators.
• Bonk's remarkable performance highlights the potential for DOGE and SHIB to experience similar surges.
• While bullish momentum and technical indicators signal growth, caution is advised due to crypto market volatility.

Dogecoin (DOGE) and Shiba Inu (SHIB) show promising signs where both coins have experienced notable gains. DOGE is up by 6.65%, while SHIB has risen by 3.11% in the last 24 hours. These increases reflect a growing investor interest. Furthermore, Bonk (BONK) has attracted attention with a 6.56% increase over the same period, prompting the important consideration of whether DOGE and SHIB can replicate BONK's sharp rise.

DOGE's current price stands at $0.086570, and its 24-hour trading volume hits $761,411,512. The coin's RSI, which is above 60, indicates a slightly overbought condition. However, its bullish MACD suggests the potential for further gains.

SHIB also presents a strong case for growth and is currently priced at $0.000010. The trading volume over the last 24 hours reached $193,296,309. This has propelled its market cap to $5,765,938,790. SHIB's RSI and MACD readings point towards a bullish momentum suggesting an upward trajectory.

Read full article at CryptoTale.