Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) 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.
— Ali (@ali_charts) November 21, 2024
#ShibaInu $SHIB looks like #Dogecoin $DOGE! If true, $0.00049 next! pic.twitter.com/MsNYhh3bNi
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.
Breakout for #Dogecoin by Saturday the latest pic.twitter.com/ekSBkZ8UAt
— Kevin (@Kev_Capital_TA) November 22, 2024
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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Image: Shutterstock
