Dogecoin DOGE/USD and Shiba Inu SHIB/USD are trading around 3% higher in a single day boosted by the optimism in the cryptocurrency market.
Cryptocurrency
Price
Market Cap
24-Hour Trend
7-Day Trend
Dogecoin
$0.3923
$57.6 Billion
+2.8%
+5.3%
Shiba Inu
$0.00002496
$14.7 Billion
+4.2%
+3.1%
Trader Notes: Analysts see bullish potential for the top two meme coins.
Crypto chart analyst Ali Martinez predicts a potential rally for Shiba Inu, suggesting SHIB could hit $0.00049 if it mirrors DOGE’s pattern.
Trader Javon Marks highlights SHIB’s daily chart with a possible bull pattern confirmation. A breakout target of $0.000081—216% above current levels—could see SHIB surge more than 200%.
For Dogecoin, Altcoin Sherpa notes the recent correction as not bearish, seeing opportunities for buyers with another leg up expected soon.
Crypto Amsterdam observes DOGE hovering in a mid-range phase, suggesting $1 could be on the horizon.
Meanwhile, trader Kevin forecasts a DOGE breakout by Saturday.
Statistics: IntoTheBlock Data shows:
- Large transaction volume increasing for DOGE (+41.1%) and SHIB (+44.9%).
- Daily active addresses rising by 34.9% for DOGE and 10.7% for SHIB.
- SHIB transactions above $100,000 up from 332 to 399 in one day.
Shibarium Activity: Daily transactions climbed from 4.66 million on Nov. 20 to 4.75 million on Nov. 21.
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