Shiba Inu price rebounds 100% after record lows against Dogecoin — more upside ahead? By Cointelegraph

Shiba Inu price rebounds 100% after record lows against Dogecoin — more upside ahead? By Cointelegraph


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The Shiba Inu (SHIB) price was at the lowest versus its top rival, Dogecoin (DOGE), in November 2022. Three months later, the dynamics have flipped.

On Feb. 4, 2023, the SHIB/DOGE pair reached 0.00001638 DOGE, up almost 100% three months after bottoming out at 0.00000993 DOGE, its lowest level on record.

SHIB/DOGE daily price chart. Source: TradingView
SHIB/DOGE daily price chart. Source: TradingView

DOGE, SHIB price downside in February?

daily price chart featuring rising wedge setup. Source: TradingView
daily price chart. Source: TradingView