Kripto para ekosisteminde ortaya çıkan fiyat dalgalanması, Dogecoin (DOGE) ve Shiba Inu’nun (SHIB) da aralarında bulunduğu meme coin’ler üzerinde önemli etkiler yarattı. Düşüş yapısı içerisinde hareket etmesiyle birlikte Shiba Inu, son 7 günlük süreçte %8,65 oranında fiyat düşüşü yaşadı ve bu süre zarfı içerisinde 0,00002258’a kadar düştü. Dogecoin de ayıların baskısıyla birlikte haftalık görünümde %11’in üzerinde düşüşle haftanın en düşük seviyesi olan 0,142 dolara kadar geriledi. Yaşanan düşüşün ortasında, önemli on-chain veriler %100’ün üzerinde bir ralli ihtimalinin göz önünde bulundurulması gerektiğini ortaya koyuyor.
Will Dogecoin Rise?
Dogecoin currently shows a strong oversold trend in the daily chart. The Relative Strength Index (RSI), which was at 34 on May 1, has risen to 45. This selling pressure specific to DOGE might indicate a potential reversal towards an uptrend.
Dogecoin’s price remains above its 200-day moving average but continues to stay below its 50-day MA. It’s important to remember that DOGE’s status as a meme coin contributes to its volatile price structure. Consequently, it’s challenging to predict price movements based solely on one indicator.
Considering broader market sentiment, Open Interest (OI) continues to be a significant factor that could aid a price increase. According to data provided by Coinalyze, OI has seen an increase of 0.87%, reaching $645.6 million as of this writing.
For Dogecoin, the $0.16 resistance level remains crucial, and investors should be cautious. Over the past four weeks, there have been three different attempts to surpass this level, but none have succeeded so far.
If this point is successfully breached, DOGE’s price could soon rise to $0.20. It’s also essential not to overlook the potential impact of Dogecoin whales and the coin’s susceptibility to speculation, which could trigger a bullish movement.
Current State of Shiba Inu
Significant developments are also occurring on the side of Shiba Inu bulls. In recent weeks, Shiba Inu has pleased its investors with a growth of over 116% Year-To-Date (YTD). The recent price decline, however, presents a bearish outlook with the RSI now fixed at 42.
Looking at the Moving Average Convergence Divergence (MACD), a never-before-seen trend change could occur for Shiba Inu. Unlike Dogecoin, developments could happen on the Shiba Inu side due to various reasons, including an increasing burn rate.
