Dogecoin is Breaking Out While Shiba Inu Price Consolidates-Here’s What’s Next For the Top 2 Memecoins

After Recent Bitcoin Surge, Altcoins Consolidate

Following Bitcoin's recent surge, the cryptocurrency market has entered a consolidation phase, with altcoins exhibiting a mix of bullish and bearish trends.

Dogecoin Bulls Aim for Weekend Resistance

After a 35% increase, Dogecoin (DOGE) has broken out of its range and eyes a further 25% surge. Supported by bullish technical indicators and a surge in buying volume, bulls aim to surpass a crucial resistance level over the weekend.

Bears Hinder Shiba Inu Rally

Despite bullish patterns, Shiba Inu (SHIB) faces bearish pressure. Bulls attempt to push for a 10% rise but are met with resistance. Long-term indicators suggest a potential ascending trend, with higher highs and lows being formed.

Market Dynamics

The market has been grappling with a battle between bulls and bears, delaying further bullish action. While Dogecoin shows promise, Shiba Inu encounters bearish resistance that may hinder its rally.