news 
Dogecoin and Shiba Inu Post 15% Gains in 2024 While XYZVerse Skyrockets by 670% – What’s Driving the Surge?
The cryptocurrency market has seen some wild fluctuations recently, with certain assets experiencing substantial growth. Dogecoin (DOGE) and Shiba Inu (SHIB), two popular memecoins, have both recorded gains of around 15% in recent times. While this growth may not be as explosive as that of another coin, XYZVerse (XYZ), which has skyrocketed by a staggering 670%, it’s still an impressive show.
Let’s take a closer look at the performance of these three coins.
Dogecoin (DOGE) has seen its value dip by 26.78% in recent times, but it’s not all doom and gloom for this coin. In fact, over the past six months, DOGE has surged an impressive 126.08%. Currently, it’s trading between $0.20 and $0.26, with technical indicators suggesting that it may be hovering around its 10-day and 100-day simple moving averages at $0.21.
Furthermore, Dogecoin is currently displaying neither overbought nor oversold conditions, as indicated by the Relative Strength Index (RSI) of 54.78. Additionally, the MACD level stands at a modest 0.0028, hinting at mild bullish momentum.
Looking ahead, if DOGE manages to break through its nearby resistance level of $0.28, it could potentially aim for a second resistance point at $0.35, representing an increase of roughly 38% from current levels. On the flip side, if DOGE drops below the support level of $0.16, the next stop would be the second support at $0.0959.
Meanwhile, Shiba Inu (SHIB) has witnessed a mixed performance in recent times. Over the past week, it has lost 6.32%, and over the last month, it dropped by 19.75%. However, its six-month growth stands at an impressive 5.47%. As of now, SHIB is trading between $0.00001357 and $0.00001613.
SHIB’s chart shows that both the 10-day and 100-day simple moving averages are closely aligned at $0.00001352 and $0.00001347 respectively. Furthermore, the Relative Strength Index sits at a neutral 56.19, suggesting neither overbought nor oversold conditions. The MACD level stands at 0.0000001218, hinting at mild bullish momentum.
As we move forward, SHIB may be able to target its nearest resistance level at $0.00001712 if it breaks through the current price range. A successful breach of this level could lead to a potential increase of around 30% from current levels.
However, should SHIB drop below its nearby support at $0.00001200, the next stop would be the second support at $0.000009443, which would translate into an approximate 20% decrease from present prices.
In conclusion, while DOGE and SHIB have recorded respectable gains in recent times, it’s clear that XYZVerse has stolen the show with its incredible 670% surge.
