Can the positive activity that started on the side of Dogecoin (DOGE) be reflected in the price of Shiba Inu (SHIB)?
DOGE, which was on the agenda again with the enthusiasm created by Elon Musk and X, reflected this situation directly on its price. This event, which started with Musk adding the letter D to the position in X, increased the interest of DOGE and SHIB in investors. Can DOGE, which has priced close to 20 percent in a short time, bring SHIB after it? What’s the current chart for SHIB?
Shiba Inu (SHIB) technical analysis
SHIB, which caught a huge rise after its contact with $0.00000544, is currently trading at $0.00000779. Considering DOGE, which has been on the rise for over a month, a possible action on the SHIB side seems possible. If the popular memecoin can break above $0.00000919, its new targets could be $0.00001008 – $0.00001074 – and $0.00001159 respectively.
If there is no move from Elon Musk and X to DOGE, or if BTC tests lower levels, the chances of a pullback in SHIB will be strengthened. In such a scenario, traceable support zones are 0.00000779 – 0.00000774 – 0.00000694 – 0.00000641 and 0.00000544 respectively.
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