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Market Analysis: What to Expect from Cryptocurrencies in the Coming Months

by

3 hours ago

As October ends, new challenges and opportunities emerge for the crypto market. Price forecasts for Shiba and Dogecoin provide essential insights for traders.

Impact of US Elections on the Market

Historically, markets have shown an upward trend as US elections approach. Investors remain cautious, anticipating a potential market rise leading up to the elections.

Shiba Coin Analysis

To sustain the upward trend, Shiba Coin bulls need to maintain the $0.0000175 level. However, they have not yet achieved daily closes above $0.0000192. If the BTC price climbs to $70,000, Shiba Coin is expected to reach $0.00002094.

Expectations for Shiba Coin's growth remain high, despite current volatility.

Dogecoin Forecast

Dogecoin has consistently reached new peaks but encountered resistance at the $0.152 level. A retreat to $0.130 is possible, with support targets below at $0.115.

The strength of Dogecoin bulls will be tested by the $0.15 resistance.

Analyzing current trends provides insight into the probable paths for cryptocurrencies in the coming months, highlighting key support and resistance levels.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.