Technical Analysis of Shiba Inu (SHIB) and Dogecoin (DOGE): Critical Levels and Price Expectations


Joke currencies he continues to keep his silence for a long time. So much so that the popular joke currency is Shiba Inu (SHIB) had reached an all-time high of $0.000087 in recent weeks. On the other hand Dogecoin (DOGE) had similarly started a rapid increase in recent weeks, reaching as high as $0.33.

But popular cryptocurrencies have continued to underperform for some time. Here is the latest situation in Shiba Inu and Dogecoin (DOGE).

Shiba Inu (SHIB)

The popular joke currency is Shiba Inu (SHIB), which broke many records with the increase experienced in recent weeks. So much so that Shiba Inu with the recent increase reached the level of 0.000087 dollar and set an all-time high.

In addition, this increase in Shiba Inu has made the joke currency the largest joke currency, and Shiba Inu is following this increase Dogecoinhe left the. But the popular joke currency is currently the largest joke money it is not a currency and is trading at $0.000052, which is also below the all-time high.

Shiba Inuin order for the to avoid a drop in the main resistance levels, it needs a broader sunday support. But the popular joke currency Shiba Inu may retest the 0.000060 dollar levels before any pullback.

A drop in the main resistance levels and a pivot of 0.000517 dollars will activate the first major support level of 0.000506 dollars. However, despite blocking a long-term sale, Shiba Inu should avoid levels below $ 0.000045.

Joke currency The price of Shiba Inu it is currently in consolidation, but may soon return to an uptrend again.

Dogecoin (DOGE)

Popular joke currency Dogecoinprice it continues to rise today, because yesterday we witnessed a close above $ 0.25, which caused consolidation above the support level. As a result, DOGE/USDit can continue to rise in the next 24 hours.

Dogecoin according to the price analysis, we may continue to witness further increases in the Dogecoin price today due to the consolidation pattern that emerged on Tuesday. This consolidation pattern occurred over two days and continues as we can see from the chart below. We can also see that the DOGE/USD has gradually risen in the last 3 days after the drop in the 0.27 dollar and is approaching a higher low.

After the DOGE/USD consolidated around this level for the second time in two days, a further rise in the crypto currency is expected due to the lowest level, which was set at $ 0.25 yesterday. Thanks to a strong uptrend on Wednesday, the price is currently trading around $ 0.28.

In addition, a streamer pattern was formed on the 4-hour chart, and thanks to this formation THE DOGE/USD may possibly rise above the 0.30 dollar level. Therefore, in the near term, resistance levels of $ 0.30 and $ 0.32 can be tested.

But, Dogecoin further downward movement is expected in the next 24 hours, as it will consolidate before starting to grow again. This means that we will see a further fall of DOGE/BTC, which may cause DOGE/USD to fall slightly.

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