Connect with us

Hi, what are you looking for?

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

Economy

Dogecoin and Shiba Inu: Dogecoin remains in a bearish trend

Dogecoin and Shiba Inu: Dogecoin remains in a bearish trend

    Dogecoin price remains under pressure today, continuing the previous bearish consolidation. 
    The Shiba Inu price continues to move sideways today. 

Dogecoin chart analysis

Dogecoin price remains under pressure today, continuing the previous bearish consolidation. We are currently at the 0.14400 level and on the way to a new weekly low. Today’s resistance is at 0.15000 with the EMA50 moving average. We expect to continue to the 0.14000 level. Potential lower targets are 0.13500 and 0.13000 levels.

For a bullish option, we need a positive consolidation and return of Dogecoin price above 0.15000 and the EMA50 moving average. If we succeed in this, we move to the positive side and we can hope for further recovery. The next important zone is yesterday’s around 0.15800 levels. Breaking above it significantly increases the chances of a bigger recovery. Potential higher targets are 0.16000 and 0.16500 levels.

Shiba Inu chart analysis

The Shiba Inu price continues to move sideways today. We still remain in the 0.00002100-0.00002300 range. We are currently moving towards the lower level and may be able to test it soon. By falling below 0.00002100, we go to a new weekly low, and thus, we get confirmation that the bearish consolidation is possible to extend. Potential higher targets are the 0.00002000 and 0.00001900 levels.

We need a positive consolidation above the 0.00002300 level for a bullish option. There, we return above the weekly open price and move to the positive side. Such a picture strengthens optimism for a further continuation to the bullish side. Potential higher targets are the 0.00002400 and 0.00002500 levels. We could have additional resistance in the EMA200 moving average around the 0.00002400 level.

The post Dogecoin and Shiba Inu: Dogecoin remains in a bearish trend 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