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Memecoins Price Prediction: Dogecoin, Shiba Inu test key resistance levels ahead of FOMC meeting
Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) are testing key resistance levels ahead of the Federal Open Market Committee (FOMC) interest rate decision on Wednesday. With market participants expecting a 25-basis-point rate cut, both memecoins could face pressure near key levels. Dogecoin is looking to rise above the $0.142 level, but it faces a key descending trendline resistance extending from October 27. The resistance is strengthened by the 20-day Exponential Moving Average (EMA), which DOGE has failed to sustain a rise above since the October 10 crash. A firm move above the descending trendline could see DOGE ... (full story)
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