Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Economy

Dogecoin and Shiba Inu: Shiba Inu retreats to 0.00001000

Dogecoin and Shiba Inu: Shiba Inu retreats to 0.00001000

Yesterday, we saw a bearish impulse in the price of Dogecoin to the 0.08700 level.
The Shiba Inu price fell to a new low yesterday at the 0.00001000 level.

Dogecoin chart analysis

Yesterday, we saw a bearish impulse in the price of Dogecoin to the 0.08700 level. We stayed below for a short time, and Dogecoin returned to the 0.09000 level. After that, we go into consolidation and recover to the 0.92000 level. Now, we need a new impulse to start further recovery. In the zone around 0.09300, we encounter the EMA50 moving average, and this is where we might expect to encounter the next resistance.

The breakthrough above is a sign that we have the strength to climb to higher levels. Potential targets are 0.09400 and 0.09500 levels. We need a negative consolidation and pullback to the previous support at the 0.09000 level for a bearish option. A pullback below would increase the bearish pressure, and we would see a continuation of the price decline. Potential lower targets are 0.08900 and 0.08800 levels.

Shiba Inu chart analysis

The Shiba Inu price fell to a new low yesterday at the 0.00001000 level. After resistance at the 0.00001080 level, we saw a pullback to this week’s low. We stayed below briefly, and the Shiba Inu price began to recover. With positive consolidation, we returned to the 0.00001060 level. Now, here we are testing the EMA50 moving average and we would have to move above if we want to see a continuation to the bullish side.

Potential higher targets are 0.00001080 and 0.00001100 levels. We need a negative consolidation and price pullback to support a bearish option at the 0.00001030 level. The price breakout below creates a new day’s low, confirming bearish pressure. Potential lower targets are the 0.00001020 and 0.00001000 levels.

 

The post Dogecoin and Shiba Inu: Shiba Inu retreats to 0.00001000 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

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved