Experienced cryptocurrency analyst Rekt Capital made statements about Dogecoin (DOGE) and Shiba Inu (SHIB) in his statement.
According to the analyst, Dogecoin has once again flawlessly retested the Macro Downtrend, recovering an impressive +38%, and this recovery completely confirms the new Macro Uptrend.
According to Rekt Capital, if Dogecoin continues to maintain these high levels, it could develop the Bull Flag formation, which is often seen as a continuation pattern in strong uptrends.
The analyst, who then directed his analysis to SHIB, said that Shiba Inu (SHIB) eventually reached the $0.000033285 resistance level but was rejected from there. According to the analyst, this situation is reminiscent of late 2021, when SHIB could not break the resistance of $ 0.000033285 in the first attempt. According to the analyst, the rejection of the $0.000033285 resistance at the time forced SHIB to retest $0.000026041 as new support before confirming further upside.
Currently, SHIB price is in the process of testing the $0.000026041 level once again. Rekt Capital questions the possibility of the incident occurring in 2021 repeating itself.
*This is not investment advice.
