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DOGECOIN (DOGE) Breaks Key Resistance, Surges $3 Billion in Market Cap
SHIBA (SHIB) surges in market cap, targeting $0.00003591
1. SHIBA (SHIB) market value and trend analysis
SHIB has performed strongly recently, with a target price of $0.00003591. Its market value surged by US$1.5 billion in 24 hours, firmly occupying the 11th place in the cryptocurrency market, and its total market value jumped from US$17.6 billion to US$19.1 billion. After experiencing a correction after hitting a high of $0.00004567 in March, SHIB showed signs of recovery after falling to $0.00002366. The current trading price is $0.00003237, with a weekly increase of 7.26%. Technically, SHIB has rebounded above the EMA5 line, showing positive market trends. If the market structure remains stable and the uptrend continues, SHIB's first level of resistance will be at $0.00003591, followed by the yearly high of $0.00004567.
2. DOGECOIN (DOGE) market dynamics and investment strategies
DOGE consolidated its status as a big dog with its impressive performance as its market capitalization soared by US$3 billion to US$31.6 billion in one day.
Today, DOGE successfully broke through the key resistance level of $0.1946, and the current trading price has reached $0.2209, an increase of 15.98%. Although DOGE previously hit a yearly high of $0.2063, it failed to stabilize above $0.1946. After a correction to $0.1225, it has rebounded strongly and successfully stood above $0.1940. Investors should pay close attention to DOGE's closing price. If it continues to be higher than $0.1946, it is expected to further confirm its market leadership; conversely, if the closing price is lower than this key price, they should remain cautious.
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