The ongoing rivalry between Shiba Inu (SHIB) and Dogecoin (DOGE) has been a hot topic within the crypto community, sparking debates and discussions. Recently, investment firm Sistine Research released a Shiba Inu chart analysis that suggests SHIB could potentially outperform DOGE by 2025. The analysis points towards a potential increase in Shiba Inu’s value against Dogecoin, highlighting key resistance and support levels that could lead to a significant price rally.
In a recent post on X (formerly Twitter), Sistine Research shared a detailed chart of the Shiba Inu and Dogecoin trading pair, describing it as “a very interesting chart.” The chart indicates that SHIB has been bouncing off a lower support zone against DOGE, but the upward movement towards higher resistance levels hints at the possibility of Shiba Inu gaining value and potentially surpassing Dogecoin by 2025.
Sistine’s chart analysis of the SHIB/DOGE pair reveals a consistent price pattern where established resistance and support levels have influenced the performance of Shiba Inu against Dogecoin. Since mid-2021, Shiba Inu has maintained a stable support zone within the price range of 0.00008 to 0.000105 DOGE, while facing resistance between 0.00019 and 0.00023 DOGE. These resistance levels have often hindered Shiba Inu’s upward price movements, leading to fluctuations in its value.
In November 2022, Shiba Inu experienced a sharp drop in value but managed to hold onto critical support levels, eventually recovering to 0.00013 DOGE by February 2023. Throughout 2023, Shiba Inu continued to test the support level while attempting to breach upper resistance levels. However, selling pressures caused significant declines in SHIB’s price, pushing it down to lower levels.
The overall conclusion drawn from Sistine’s SHIB/DOGE chart suggests that the trading patterns observed could repeat for SHIB, with the support level potentially serving as a base for a breakout and recovery. If Shiba Inu maintains bullish momentum and breaks out from the support range, it could reach the resistance area near 0.00019 DOGE, representing a substantial 95% increase from current levels. This rally could potentially position Shiba Inu to outperform Dogecoin by 2025.
As of the latest data, Shiba Inu is trading at $0.000019, showing a 7.16% increase over the past week according to CoinMarketCap. The chart from Tradingview.com also indicates bullish momentum for DOGE, further adding to the excitement and speculation surrounding both Shiba Inu and Dogecoin in the crypto market.
In conclusion, the rivalry between Shiba Inu and Dogecoin continues to captivate the crypto community, with investors and enthusiasts closely monitoring the price movements and potential growth of these meme coins. The chart analysis provided by Sistine Research sheds light on the possible future trajectory of SHIB and its potential to outpace DOGE, creating anticipation and excitement for what lies ahead in the world of cryptocurrency.
