Shiba Inu To Gain 85%? Dogecoin’s Market Role in SHIB’s Price Surge

• Dogecoin’s market cap growth could drive a surge in Shiba Inu’s value.
• Shiba Inu could rise 85% if it mirrors Dogecoin’s recent price performance.
• While Dogecoin shows resilience, Shiba Inu struggles to gain upward momentum.

Shiba Inu (SHIB) might be on the brink of an 85% price surge, provided Dogecoin (DOGE) maintains its upward market trajectory. Together, SHIB and DOGE dominate 62% of the meme coin market cap, with DOGE leading the charge as one of the top ten largest cryptocurrencies by valuation, surpassing assets like Cardano and Tron. 

Analysts point to Dogecoin’s strong market position as a catalyst for Shiba Inu’s potential growth. If Dogecoin sustains positive market sentiment, Shiba Inu could mirror this performance, igniting investor optimism for a bullish breakout in the near future.

Crypto analyst Ali Charts predicts that if SHIB follows Dogecoin’s recent performance, its price could reach $0.000049, an 85% increase from its current level.

Technical Analysis of Dogecoin and Shiba Inu

Dogecoin’s technical chart shows a price surge that has broken through key Fibonacci retracement levels. The asset is currently near the 0.786 F…

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