Shiba Inu gains 37% on Dogecoin so far in 2023.
Nonetheless, both memecoins have had a great start to 2023. SHIB/USD is up almost 85% while DOGE/USD is up 36% year-to-date.Namely, the pair could climb to 0.00002181 by March 2023 based on historic cycles, up around 40% from current price levels, as shown in the chart below.But while SHIB appears to be in a better position to outperform DOGE, both memecoins face headwinds against the dollar in February.
Rising wedges are bearish reversal patterns showing the price rising inside two converging, ascending trendlines. They resolve after the price breaks below the lower trendline and falls by as much as the wedge's maximum height. In addition, it's now facing a strong resistance zone at around $0.00001517 where a pullback is likely. If this is the case, February could see
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