Connect with us

Hi, what are you looking for?

Real Investment StarReal Investment Star

Economy

Dogecoin and Shiba Inu: Dogecoin is holding above 0.07800

Dogecoin and Shiba Inu: Dogecoin is holding above 0.07800

Yesterday’s Dogecoin price recovery was stopped at the 0.08050 level.
The Shiba Inu price is in a two-day sideways consolidation in the 0.00000870-0.00000900 range.

Dogecoin chart analysis

Yesterday’s Dogecoin price recovery was stopped at the 0.08050 level. We had additional pressure in that zone from the EMA200 moving average. This led to the creation of a bearish consolidation and pullback to the 0.07740 level. We are still close to that support level but manage to stay above it. The current resistance is at the 0.07800 level, and if we do not break above, the Dogecoin price will probably fall below the morning low.

Potential lower targets are 0.07700 and 0.07600 levels. We need a positive consolidation and a move above the 0.07900 level for a bullish option. If we succeed in that, we will go further to the 0.08000 level. In that zone, we encounter the EMA200 moving average. By breaking above the price, it partially got rid of the bearish burden and could start a more concrete recovery. Potential higher targets are 0.08100 and 0.08200 levels.

Shiba Inu chart analysis

The Shiba Inu price is in a two-day sideways consolidation in the 0.00000870-0.00000900 range. Today, we are looking at movement without major movements on the chart. We are in a slight bearish consolidation, putting more pressure on the lower part of this channel. This could lead to a test of the lower support level. A long hold would lead to a breakout below and the formation of a new two-day low.

Potential lower targets are 0.00000860 and 0.00000850 levels. We need a positive consolidation to the 0.00000900 level for a bullish option. Then, we need to jump that level in order to start a further recovery on the bullish side. The EMA200 moving average is in the zone around 0.00000915 levels. Potential higher targets are 0.00000920 and 0.00000930 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin is holding above 0.07800 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Investing

    Democratic Gov. Janet Mills on Wednesday vetoed a bill aimed at prohibiting foreign influence in Maine elections, but voters will get the final say...

    Latest News

    There were several reasons offered in support of the congestion pricing plan that was supposed to go into effect in New York at the...

    Latest News

    House Speaker Mike Johnson (R-La.) on Wednesday appointed Reps. Scott Perry (R-Pa.) and Ronny Jackson (R-Tex.), two Trump loyalists who denied the results of...

    Disclaimer: realinvestmentstar.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 realinvestmentstar.com