Will Shiba Inu Rise by 85%? The Role of Dogecoin in the Market During the Price Increase of $SHIB

Shiba Inu (SHIB) may be on the verge of an 85% price increase, provided Dogecoin (DOGE) maintains its market uptrend trajectory. Together, SHIB and DOGE dominate 62% of the meme coin market capitalization, with DOGE leading as one of the top ten largest cryptocurrencies by valuation, surpassing assets such as Cardano and Tron. Analysts point out Dogecoin's strong market position as a catalyst for Shiba Inu's growth potential. If Dogecoin maintains a positive market sentiment, Shiba Inu may reflect this performance, sparking investor optimism for a breakthrough price increase in the near future. Crypto analyst Ali Charts predicts that if SHIB follows the recent growth trajectory of Dogecoin, its price could reach $0.000049, an 85% increase from the current level. Technical analysis of Dogecoin and Shiba Inu The technical chart of Dogecoin shows that the sharp price increase has broken through the important Fibonacci retracement levels. The asset is currently near the 0.786 Fibonacci level at $0.41, a significant resistance zone. Please provide the text to be translated. Analysts believe that if Dogecoin maintains its upward momentum, the price could reach the Fibonacci 1.0 level, indicating a higher potential for price increase. Similarly, the chart of Shiba Inu shows that the Fibonacci 0.5 retracement level is approaching $0.0000226. Recent performance of Dogecoin and Shiba Inu Dogecoin and Shiba Inu have recently shown opposite price trends. Dogecoin started at around $0.3679, underwent a decline, but then recovered to end with a positive change. In contrast, Shiba Inu struggled during the same period, decreasing by 3.60% and maintaining a negative trend throughout the day. Please provide the source text to be translated. The divergence in price action highlights the current dynamics between the two tokens. While Dogecoin has demonstrated its recovery potential, Shiba Inu's struggle to regain traction raises questions about its near future.

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