DOGE & SHIB Prices Plunge: Will These Memecoins Recover?

Cryptocurrency Market Slump Continues, Dogecoin and Shiba Inu Prices Drop

The cryptocurrency market remains in a bearish phase, with leading tokens losing significant value. Top cryptocurrencies face challenges in maintaining key support levels, indicating growing uncertainty in future price movements.

Dogecoin (DOGE)

• Price: Hovering around $0.3250, close to its crucial support level
• Intraday Drop: 3.76%
• Trading Volume: $1.835 billion

Technical analysis shows:

• Moving Average Convergence Divergence (MACD) indicates bearish convergence
• EMA 50-day indicator acting as resistance

If DOGE holds above $0.3250, it may retest $0.440. However, if bears dominate, it could drop to $0.2650.

Shiba Inu (SHIB)

• Price: Bearish, down 4.43% in 24 hours
• Trading Volume: $401.42 million
• Weekly Drop: 12.92%

Technical analysis suggests:

• Relative Strength Index (RSI) bearish, indicating negative reversal
• SMA indicator acting as resistance

If SHIB bulls gain momentum, it could break above $0.00002350 and aim for $0.00003080. On the downside, it may decline to $0.0000170.

FAQs

Q: How much will 1 Dogecoin cost in 2025?
A: If bullish sentiment persists, DOGE could surpass $1.

Q: How much is $500 worth of Dogecoin right now?
A: Approximately 1,460.8350 Dogecoins.

Q: What will Shiba Inu be worth in 2025?
A: It could reach a maximum of $0.0006392.

Q: How much is $1000 of Shiba Inu worth now?
A: Approximately 47,846,889.9521 Shiba Inu tokens.