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Crypto

Dogecoin Eyes 30% Breakout as Shiba Inu Sees On-Chain Liquidity Plummet

Guavy AI Editorial Team
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DOGE SHIB DOG
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Dogecoin (CRYPTO: DOGE) is showing signs of potential growth as it forms a bullish flag on its hourly chart. Analyst Ali Martinez notes that a breakout above $0.090 could trigger a 30% increase in price to around $0.115.

The current price of Dogecoin sits at $0.087, compressed within the apex of a symmetrical triangle formed since August 21's high near $0.098. Immediate resistance lies just above the 20-day and 50-day EMAs.

In other news, Shiba Inu (CRYPTO: SHIB) is seeing a sharp drop in on-chain liquidity despite holding up in price. Shibarium, its Layer-2 network, saw a 74% plunge in total value locked over 48 hours.

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