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SHIB, DOGE, BONK, FLOKI: Price Analysis for May 25

Published 05/25/2024, 07:46 PM
Updated 05/25/2024, 08:15 PM
© Reuters.  SHIB, DOGE, BONK, FLOKI: Price Analysis for May 25

  • SHIB’s price might increase to $0.000026 while indicators suggest a possible DOGE rise to $0.18.
  • BONK’s structure flashed a golden cross, indicating a possible rise to $0.00035.
  • FLOKI’s bullish thesis was invalidated, suggesting a decline to $0.00019.

According to CoinMarketCap, meme coins are experiencing a rebound after a brief downward period. Some of the cryptocurrencies involved in this recovery include Shiba Inu (SHIB) and Dogecoin (DOGE).

At press time, SHIB’s price had increased by 3.76% in the last 24 hours. DOGE, on the other hand, was up 4.95%. However, others like Bonk (BONK) and Floki Inu (FLOKI) were not left out as their respective prices also surged. But will the values continue to rise? Let’s find out.

SHIB Price Analysis

At press time, SHIB changed hands at $0.00002493. According to the 4-hour SHIB/USD chart, the On Balance Volume (OBV) has increased. An increase in the indicator suggests that buying pressure is at a high point.

Assuming the OBV were to fall, it would have suggested a rise in selling pressure. With the Relative Strength Index (RSI) crossing above the neutral area, SHIB could be set for a further hike. Sho…

The post SHIB, DOGE, BONK, FLOKI: Price Analysis for May 25 appeared first on Coin Edition.

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