Shiba

Dogecoin

bullish

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-trends-indicate-potential-price-movements-for-cryptocurrencies/" data-wpel-link="internal">Market Trends Indicate Potential Price Movements for Cryptocurrencies</a> 
As we approach the end of October, two key implications arise. Firstly, the anticipated fourth-quarter rise should continue above $69,000. Secondly, the U.S. elections are nearing, and historical data suggests markets should rise around election time. But will that actually happen? 
<h2 style="text-align: justify" id="shiba-coin-insights">Shiba Coin Insights</h2> 
To sustain the upward trend, <a href="https://en.coin-turk.com/shiba-inu-shib-sees-increased-activity-and-price-movement/" data-wpel-link="internal">Shiba</a> Coin bulls must maintain the $0.0000175 level, but they have yet to achieve daily closes above $0.0000192. Following the daily close, BTC price has retraced back to $66,600, indicating a possible pullback to support levels in the coming hours. Below that, there is a foundational support level at $0.00001610. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399260 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-22_03-31-43.png" alt="" width="1815" height="836"> 
In a scenario where BTC price regains $70,000, Shiba Coin is expected to reach $0.00002094. Subsequently, resistance levels at $0.00002593 and $0.0000293 may come into play. If the second resistance is surpassed, it could embolden traders to aim for a new all-time high. 
<h2 style="text-align: justify" id="dogecoin-analysis">Dogecoin Analysis</h2> 
Recently, Dogecoin has consistently reached higher peaks but struggled to break through the $0.152 resistance level. This occurred as BTC’s price began its downward trajectory. At this juncture, Dogecoin’s price may retreat to $0.130, with a potential target below at $0.115. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399261 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/DOGEUSDT_2024-10-22_03-39-45.png" alt="" width="1814" height="836"> 
Conversely, in a bullish scenario, potential resistance targets could be around $0.15, $0.18, and up to $0.23. 
Summary of Key Insights 
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Market Trends Indicate Potential Price Movements for Cryptocurrencies

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