DOGE and SHIB Price Analysis for October 2

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The new week has started with ongoing bulls’ dominance, according to the CoinMarketCap ranking.

DOGE/USD

The rate of DOGE has increased by 1.50% over the last 24 hours.

On the hourly chart, the price of DOGE is slowly approaching the resistance of $0.06497. At the moment, one should pay attention to the candle closure. If it happens with no long wick and near the $0.064 mark, the energy might be enough for a channel breakout, followed by continued growth to the next level of $0.06843.

DOGE is trading at $0.06365 at press time.

SHIB/USD

SHIB has followed the rise of DOGE, going up by 1.20%.

Despite today’s rise, the rate of SHIB remains far from the resistance of $0.00000780, which means that it is too early to think about a midterm rise. In this case, ongoing sideways trading in the narrow range of $0.00000740-$0.00000770 remains the more likely scenario for the current week.

SHIB is trading at $0.00000751 at press time.