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