Meme coins, which have made a name for themselves in the crypto money market much more than expected after appearing as a joke, show that they can provide higher profit margins to their investors.

According to the analyst; Among the meme coins, there is a very nice pattern on the Shiba Inu. Thanks to the ADAM – EVE formation, which is a bullish formation, SHIB can continue its upward movement. Touching on this issue, popular analyst Akash believes that after the formation breakout, the first target in Shiba Inu will be the $0.00004940 point.

Shib Graph

Saying that Shiba Inu will rise to these levels in the coming days, Akash seems to give hope to SHIB investors. Shiba Inu traders, who should follow the $0.00003300 resistance point, can watch much harder upward movements with the break of this level.

Shiba Inu price is $0.00002671 and a 24-hour trading volume is $924,078,503 at time of writing, according to CoinGecko data. SHIB price is up 1.0% in the last 24 hours.

doge shiba analysis

DOGE, a major meme coin closely followed by cryptocurrency investors, has been on the decline in recent days. Popular analyst Akash Girimath, on the other hand, states that he believes Dogecoin will start a rally very hard in the future.

Dogecoin Graph

Stating that he expects Dogecoin to be a parabolic rise in the coming period, Akash set the $0.2164 levels as a target. Saying that a profit should be taken at the $0.1620 and $0.1941 levels during the possible rise, the expert analyst believes that if $0.2164 is passed, DOGE will start a rally that will not stop until $1.

According to data from CoinGecko, at the time of writing, Dogecoin price is $0.1501 and a 24-hour trading volume is $2,258,583,077. DOGE price has increased by 4.2% in the last 24 hours.