DOGE and SHIB Find Support Early on, with DOGE Eyeing a Return to $0.15

On Sunday, dogecoin (DOGE) traded in the red for the first time in six sessions. While Elon Musk's acquisition of Twitter (TWTR) remained good for DOGE and SHIB, Fed Fear led to profit-taking ahead of Monday's session. The indications are optimistic, and DOGE investors are anticipating a recovery to $0.20.

On Sunday, dogecoin (DOGE) dropped 3.34 percent. DOGE concluded the week up 94.97% to $0.1177, partially retracing Saturday's 45.24% rise. DOGE avoided falling below $0.10 for the first time since May.

DOGE reached a mid-morning high of $0.1435 after a strong start to the day. DOGE reached a late-afternoon low of $0.1110, falling short of the First Major Resistance Level (R1) at $0.1550. Nonetheless, avoiding the First Major Support Level (S1) at $0.0857, DOGE retested $0.1199 before retreating.

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On Sunday, Shiba inu coin (SHIB) fell 7.74%. SHIB closed the week up 17.21% to $0.00001192, somewhat erasing Saturday's 10.33% increase.

Following the larger market, SHIB reached an intraday high of $0.00001393 before reversing course. SHIB fell to a late low of $0.00001159, failing to surpass the First Major Resistance Level (R1) at $0.00001489. Nonetheless, avoiding the First Major Support Level (S1) at $0.00001124, SHIB revisited $0.00001199 prior to retreating.

DOGE and SHIB ended the session in the negative due to the pessimistic mindset of crypto market investors. However, the decline was moderate relative to the week's gains. The acquisition of Twitter (TWTR) by Elon Musk encourages future price gains. Investors expect Twitter to support DOGE and SHIB transactions.

With more than 200 million monetizable daily active users, Twitter's adoption of DOGE and SHIB payments should expand dramatically. As of the 30th of October, the total number of DOGE and SHIB holders was 5.68 million.

While investor mood surrounding the Fed's policy announcement on Wednesday will challenge buying enthusiasm, DOGE and SHIB remain optimistic on Twitter.