Traders Are Sleeping On Dogecoin (DOGE) As The Rise Of Shiba Inu (SHIB)

Key Points:

• Dogecoin (DOGE), the ninth-largest crypto asset by market cap, is currently displaying strength compared to Bitcoin (BTC).
• Mask Network (MASK) is believed to be prepared for the next bullish wave.
• Curve DAO (CRV) is building a re-accumulation triangle, which often denotes the beginning of an upward trend.

According to a famous crypto analyst, traders are dazzled by the ascent of Shiba Inu (SHIB) and are sleeping on Dogecoin (DOGE).

Smart Contracter, a pseudonymous expert, informs that the ninth-largest crypto asset by market cap is currently displaying strength compared to Bitcoin (BTC).

According to Smart Contracter’s three-day chart of DOGE/BTC, Dogecoin produced an inverse head and shoulders pattern in 2022. Few traders, according to the trader, have observed DOGE has recently risen above a crucial trendline.

Zoomed out DOGE/BTC chart. This thing is literally putting in a god tier low and no one cares.

At the time of writing, Dogecoin is currently trading at 0.00000393 BTC, with a price of $0.0872.

Besides, Smart Contracter believes that the utility token of the privacy-enhancing network for social media platforms, Mask Network (MASK), is prepared for the next bullish wave.

The technical analyst who frequently uses Elliott Wave theory in his technical analysis believes that MASK might increase by over 50% from current levels based on his chart.

At the time of writing, Mask Network was trading at $3.96.

The utility token Curve DAO (CRV), which fuels Curve Finance’s decentralized exchange ecosystem, is the next to be discussed. Compared to the dollar and Bitcoin, the cryptocurrency, according to Smart Contracter, is building a re-accumulation triangle, which often denotes the beginning of an upward trend.

At the time of writing, CRV was trading at $1.04., down nearly 7% over the last 24 hours.

Besides, according to the trader, GRT may have completed a corrective wave and may now restart its primary upward trend. Given the Elliott Wave theory, the primary trend is a five-wave pattern, while the corrective is a three-wave pattern, also referred to as the A-B-C wave.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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Thana

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