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The post <a href="https://coinpedia.org/price-analysis/top-memecoins-display-mixed-sentiment-doge-or-shib-which-to-buy/">Top Memecoins Display Mixed Sentiment! DOGE Or SHIB, Which To Buy?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The cryptocurrency industry has displayed a spike in market volatility following the <a href="https://coinpedia.org/news/top-5-altcoins-poised-to-explode-after-bitcoin-halving/">Bitcoin Halving</a>, indicating increased buying and selling pressure in the crypto market. However, the memecoin category continues displaying a mixed sentiment, indicating uncertainty in future price action. 
The category leader, <a href="https://markets.coinpedia.org/dogecoin/">Dogecoin</a>, displays a negative trend. At the same time, the second largest memecoin, <a href="https://markets.coinpedia.org/shiba-inu/">Shiba Inu</a> successfully recorded a bullish convergence in the 1D time frame, raising concerns among investors about their short-term investment in these tokens. Which memecoin to stack this week? 
<h2 class="wp-block-heading" id="h-dogecoin-displays-a-bearish-price-action">Dogecoin Displays A Bearish Price Action:</h2> 
Despite increased volatility in the market, the <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">DOGE price</a> has formed an inverted cup and handle pattern in the 1D time frame, indicating a bearish outlook in the coming days. Moreover, it has lost 3.12% within the past day and 2.52 over 30 days, highlighting weak buying and selling pressure. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/R7AxVF_MdlxDTdAgBJJKTaW5tX5QfgfUfMvjJ9NSJOK50-UeYTVAVC5LgvlJyW8uTx7OeotyBz7EpB_tYSiSogbWCcdb6i9g9GzZ-QTBpFOhmkqAWfdSNpix30aUxlq7KF1f3h9o-KgpEJpEZJZKYhY" alt="DOGE Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: DOGE/USDT
 </figcaption>
</figure> 
The technical indicator, MACD, shows a constant decline in the chart with its averages displaying a high possibility of a bullish convergence this week. However, the EMA 50/200-day hints at bearish price action, highlighting a mixed sentiment in the crypto space. 
If the market holds the Dogecoin price above the support level of $0.155, the bulls will regain momentum and prepare to test its resistance level of $0.182. Conversely, bearish price action may pull the price toward its lower support level of $0.128 in the coming time. 
Did you Know : <a href="https://coinpedia.org/price-analysis/meme-coins-doge-pepe-floki-ready-for-extended-bull-run/">Meme Coins DOGE, PEPE, FLOKI Ready For Extended Bull Run?</a> 
<h2 class="wp-block-heading" id="h-shiba-inu-price-records-a-bullish-convergence">Shiba Inu Price Records A Bullish Convergence!</h2> 
The Shiba Inu memecoin displayed a neutral trend for the first two months, indicating a weak start for this category in the crypto market. However, as the hype for memecoin increased, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">SHIB price</a> broke out of its resistance level and recorded a 3X surge within the next few days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/EzVaAcD-D_n5XcqcYz9M5WGUCDB3KosnPlUQb42yMs4zDMV4CoN00GDh4GqyOmPzG_ayXzfuk9Xq_o7f1mERbi0_cOO9ziTB5SwUyV5wV9kXqBvAC-CfpO0NuA4vRYIABKnQIKwSo0TwZDNIDIjRXFY" alt="SHIB Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: SHIB/USDT
 </figcaption>
</figure> 
After facing rejection at the resistance level of $0.00003950, the bulls lost momentum and broke down the support level. Since then, the Shiba Inu price has been trading between $0.000023 and $0.000030. Positively, the EMA 50-day acts as a support, indicating a bullpower in the crypto industry. 
The MACD displays a rising green histogram in the chart, highlighting increased buying pressure in the crypto industry. Furthermore, the averages successfully recorded a bullish convergence, suggesting a bullish outlook for the memecoin in the coming time. 
Read More : <a href="https://coinpedia.org/price-analysis/memecoins-regain-strength-doge-price-building-pressure-while-dogwifhat-surges-above-15/"></a><a href="https://coinpedia.org/price-analysis/bonk-and-pepe-break-resistance-is-the-memecoin-market-on-the-move/">BONK And PEPE Break Resistance: Is The Memecoin Market On The Move?</a> 
If the bulls continue to gain momentum, the SHIB price will prepare to test its resistance level of $0.000030 this week. However, a bearish reversal may result in the price testing its support level of $0.00002375.

Top Memecoins Display Mixed Sentiment! DOGE Or SHIB, Which To Buy?

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