Connect with us

Hi, what are you looking for?

Economy

Dogecoin and Shiba Inu: Dogecoin is approaching 0.11000

Dogecoin and Shiba Inu: Dogecoin is approaching 0.11000

This morning, we saw a solid bearish impulse of the Dogecoin price to a new July low at the 0.11180 level. 
The Shiba Inu price failed to hold above weekend support. 

Dogecoin chart analysis

This morning, we saw a solid bearish impulse of the Dogecoin price to a new July low at the 0.11180 level. By descending to this level, a four-month low was formed. After that, the price recovered slightly to 0.11600, where it encountered new resistance. This led to the initiation of a new bearish consolidation and a pullback below the 0.11400 level. We expect to see a further decline in the price of Dogecoin below this morning’s low and the formation of a new one.

Potential lower targets are the 0.11000 and 0.10800 levels. If the price manages to stabilize above the 0.11400 level, it could trigger a bullish consolidation. By moving above 0.11600, we move above the previous resistance. After that, we can expect a continuation to the bullish side. Potential higher targets are the 0.11800 and 0.12000 levels.

 

Shiba Inu chart analysis

The Shiba Inu price failed to hold above weekend support. Yesterday, we saw the initiation of a bearish consolidation and a drop below the 0.00001660 level. A new low was formed at the 0.00001620 level. After that, the price recovered slightly, but only up to the 0.00001645 level. At that level this morning, we encountered resistance and started a further pullback. With two bearish impulses, the price fell to 0.00001542, forming a new weekly low.

It’s important to note that we were at the 0.00001620 level last on the first of March. Shiba Inu briefly recovered from there and rose to 0.00001600. However, it lost strength and once again turned to the bearish side. This historical context can provide valuable insights for potential lower targets at the 0.00001540 and 0.00001520 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin is approaching 0.11000 appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

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

    Latest iteration of the Communications Service Provider (CSP) IoT Peer Benchmarking report from the world’s leading IoT analyst firm identifies the key trends shaping...

    Latest News

    Few congressional Democrats could muster a defense of President Joe Biden’s halting debate performance Thursday, opting instead to criticize former President Donald Trump for...

    Stock

    A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and...

    Stock

    An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three...

    Disclaimer: Financetimereport.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 Financetimereport.com