Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

Dogecoin is under pressure from the weekly resistance zone

Dogecoin is under pressure from the weekly resistance zone

The Dogecoin price pulled back to the 0.09354 level this morning. 
The Shiba Inu price encountered resistance at 0.00001390 yesterday. 

Dogecoin chart analysis

The Dogecoin price pulled back to the 0.09354 level this morning. After gaining new support, the price made a bullish impulse up to the 0.10000 level. We have received support from the EMA 50 moving average and hope for further price recovery to the bullish side. Potential higher targets are 0.10200 and 0.10400 levels. With a return above 0.10400, we will skip the weekly open price, which would be a good indicator for a bullish trend.

For a bearish option, we need a negative consolidation and a move down to the 0.09500 support level. With that step, Dogecoin will put pressure on this morning’s low and daily open price. By falling below, we will see the formation of a new daily low, which confirms the bearish momentum. Potential lower targets are 0.09000 and 0.08500 levels.

 

Shiba Inu chart analysis

The Shiba Inu price encountered resistance at 0.00001390 yesterday. The inability to continue on the bullish side triggered a price pullback to this morning’s low at 0.00001265. The decline stopped there, after which we saw a bullish impulse to the 0.00001350 level. We are currently hovering around 0.00001330 and testing the EMA 50 moving average and the weekly open price. If we manage to stay at this level, we can hope for further progress to the bullish side.

Potential higher targets are 0.00001400 and 0.00001450 levels. Additional resistance for Shiba Inu is EMA 200 in the zone of 0.00001420 levels. We need a negative consolidation down to the 0.00001250 level for a bearish option. With that, we go to a new daily low and confirm that the price is under pressure to continue its retreat. Potential lower targets are 0.00001200 and 0.00001150 levels.

 

The post Dogecoin is under pressure from the weekly resistance zone 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

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.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 smartsuccessstrategy.com