Connect with us

Hi, what are you looking for?

Economy

Dogecoin and Shiba Inu: Dogecoin stays below 0.06200 today

Dogecoin and Shiba Inu: Dogecoin stays below 0.06200 today

Since June 10, the trend of Dogecoin has not changed; the sideways movement continues today. The price of the Shiba Inu is in retreat for the third day in a row from the 0.00000760 level.

Dogecoin chart analysis

Since June 10, the trend of Dogecoin has not changed; the sideways movement continues today. In the last couple of days, additional pressure on the price has been created by the EMA50 moving average. Such a scenario could lead to a price increase to the 0.06000 level. In this way, we would again test the important support level because if it does not hold, the price could slip below and form a new low. Potential lower targets are 0.05900 and 0.05800 levels.

We need a positive consolidation and a jump to the 0.06300 level for a bullish option. Then we would move above the EMA50 moving average, which could positively affect the further trend and price recovery. Potential higher targets are 0.06400 and 0.06500 levels.

Shiba Inu Chart Analysis

The price of the Shiba Inu is in retreat for the third day in a row from the 0.00000760 level. Yesterday we successfully tested the support at the 0.00000700 level. Additional support at that level is in the EMA50 moving average; we are holding above it for now. We need a positive consolidation and a break above the 0.00000720 level for a bullish option.

In the continuation, the price would have the opportunity to start a further recovery and climb to higher levels. Potential higher targets are the 0.00000740 and 0.00000760 levels. We need a negative consolidation and a price pullback below the 0.00000700 level for a bearish option. The price would also fall below the EMA50 moving average, which could put additional pressure on the price to slide even lower. Potential lower targets are the 0.00000680 and 0.00000660 levels.

The post Dogecoin and Shiba Inu: Dogecoin stays below 0.06200 today 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