Connect with us

Hi, what are you looking for?

Economy

Dogecoin and Shiba Inu: Dogecoin rises to 0.07200 level

Dogecoin and Shiba Inu: Dogecoin rises to 0.07200 level

Dogecoin pulled back to the 0.07050 support level yesterday. Shiba Inu’s price pulled back to 0.00000832 levels yesterday.

Dogecoin chart analysis

Dogecoin pulled back to the 0.07050 support level yesterday. It quickly settled there and started a recovery to the 0.07200 level. That level represents our resistance for now, and we need a break above it in order to continue with the recovery. Additional resistance at that level is in the EMA50 moving average.

By moving above it, we would receive new support, which could positively affect the continued recovery. Potential higher targets are 0.07250 and 0.07300 levels. We need a negative consolidation and price pullback to the 0.07100 level for a bearish option. After that, we could expect a drop to last week’s support zone. Potential lower targets are 0.07050 and 0.07000 levels.

Shiba Inu Chart Analysis

Shiba Inu’s price pulled back to 0.00000832 levels yesterday. The price finds support at that level and starts a recovery up to the 0.00000880 level. After that, price volatility continues, leading to a new pullback to the 0.00000850 level. Here, the price could find support and start a new bullish trend.

We need a new positive consolidation for that turnaround. For a bearish option, a continuation of the negative consolidation is required, bringing us back to testing the 0.00000832 support level. Potential lower targets are the 0.00000825 and 0.00000820 levels.

The post Dogecoin and Shiba Inu: Dogecoin rises to 0.07200 level appeared first on FinanceBrokerage.

You May Also Like

Economy

BlockSpan ICO: Accelerating NFT Innovation with Confidence The BlockSpan ICO aims to revolutionize the NFT space. To achieve that goal, it will provide an...

Investing

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to...

Investing

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent...

Investing

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial...



Disclaimer: Frequencytraders.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 Frequencytraders.com