Despite price consolidation, Dogecoin DOGE/USD And Shiba Inu SHIB/USD maintained strong bullish momentum, supported by a broader market recovery and community enthusiasm.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Dogecoin DOGE/USD | $0.4158 | $61.1 billion | +2.6% | +3.7% |
| Shiba Inu SHIB/USD | $0.00003006 | $17.7 billion | +7.2% | +18.7% |
| Pepe PEPE/USD | $0.00003006 | 9 billion dollars | +9% | +8.3% |
Trader Notes: Crypto trader Scofield highlighted a bullish chart pattern, saying everything is going as expected:
Technical analyst Kevin notes that in Dogecoin’s previous cycle, after a major rally, the token consolidated for 24 days before becoming a macro gold pocket.
If history repeats itself, DOGE’s next rally could begin by the end of the week, with potential targets between $3.80 and $4.00.
However, Kevin advises caution, suggesting a more realistic goal might be to reach a new all-time high by the end of December.
Meanwhile, trader Viktor warns of volatility, pointing out that DOGE often falls before significant rallies. He believes the bottom may only come when traders lose confidence
Trader Bluntz Capital predicted a retail-driven rally for Shiba Inu, as many investors still hold SHIB from its last cycle. Bluntz sees SHIB as a potential “easy layup” for wins.
On the other hand, the Milk Road platform reported a $1.5 million transfer of SHIB by the US government, adding intrigue to recent market dynamics.
Statistics: Data from IntoTheBlock shows that Dogecoin’s large transaction volume increased by 41.1%, while Shiba Inu saw a 52% decline in large transaction volume. DOGE daily active addresses increased by 34.9% and SHIB saw a decline of 17.8%.
SHIB transactions above $100,000 increased from 892 to 685 in a single day. Currently, 69% of SHIB holders are making profits. In the month of November, 3.16 billion SHIB coins were burned through 167 transactions.
And then: The ongoing rallies for Dogecoin and Shiba Inu reflect a mix of technical patterns, retail enthusiasm, and institutional interest. However, traders are cautious about predicting exact timeframes. for future gains.
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