Top Analysts Consider Dogecoin And Shiba Inu

After the recent price changes in the crypto market, popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are being closely followed by analysts. Although the prices of both coins have recently consolidated, some experts are highlighting different potential pathways for their next moves. According to cryptocurrency analyst Ali Martinez, a technical indicator called TD Sequential has shown a buy signal for Dogecoin on its hourly price chart. This indicator is used to detect moments when the price trend may be about to reverse. Martinez notes that DOGE has often reacted strongly to this signal in the past. For example, when TD Sequential gave a buy signal at the end of February, the price of DOGE had significantly increased shortly after. Although the price of DOGE has recently decreased, down about 13% from a recent high to trade around 0.222 dollars, analysts suggest that this latest buy signal could mean that there will be further increases as DOGE is currently trading at 0.2231 dollars, down 2.36% in the last 24 hours. For Shiba Inu, which has also experienced a similar percentage drop recently, Ali Martinez observed another technical pattern on its monthly chart. SHIB appears to be trading in a descending triangle, a pattern that often indicates weakening buying demand and typically leads to a price drop, potentially a move of about 17% in this case. SHIB is currently trading at $00001428, down 1.71% in the past 24 hours. However, despite this bearish technical pattern, many other experts in the crypto market community continue to express a strong positive outlook on Shiba Inu. For example, analyst Del Crxpto recently described SHIB as one of the most complex technology investments in cryptocurrency, arguing that understanding its development will benefit investors. He and others point out the fact that SHIB has significantly evolved beyond its initial position as just a meme coin. The project has launched the decentralized exchange ShibaSwap, a scaling solution called Shibarium, a Layer-2 network built on Ethereum, and is developing gaming features, along with other initiatives. This expanding ecosystem adds real utility to the SHIB token, which analysts believe makes it not just a speculative asset. Other analysts like Shib Knight also have a very optimistic view of SHIB's potential, with some predicting that the price will rise significantly, including the possibility of breaking the previous all-time high. While a technical viewpoint indicates a potential negative pattern for SHIB, the developing ecosystem and positive sentiment from other experts suggest strong fundamental support. For DOGE, a specific technical signal shows upside potential, although its price chart also reveals challenging resistance levels it needs to overcome. The different technical signals and community opinions mean both DOGE and SHIB remain focal points for traders watching for their next big price movements.