Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

Dogecoin and Shiba Inu: Dogecoin resting below 0.20500

Dogecoin and Shiba Inu: Dogecoin resting below 0.20500

The price of Dogecoin fell to a new weekly low on Wednesday at the 0.18000 level.
Shiba Inu price pulled back to the 0.00002640 support level yesterday. 

Dogecoin chart analysis

The price of Dogecoin fell to a new weekly low on Wednesday at the 0.18000 level. We managed to hold above that level and start a recovery above the 0.19000 level. There, we get support from the EMA200 moving average and continue higher to the 0.20300 level. We are encountering resistance in that zone and the price has pulled back to a new support level at 0.19500. We are now trying to trigger another bullish consolidation from there and get back above the 0.20000 level.

Moving above, we will test last night’s high, and potential higher targets are 0.20500 and 0.21000 levels. We need a negative consolidation and pullback to the 0.19000 level and the EMA200 moving average for a bearish option. By falling below this support, we move to the bearish side and can expect a further pullback of Dogecoin. Potential lower targets are the 0.18500 and 0.18000 levels.

Shiba Inu chart analysis

Shiba Inu price pulled back to the 0.00002640 support level yesterday. We stayed below for a short time as a recovery to the 0.00002800 level followed. For now, we have an opening in that zone, and we manage to move above it. We need a stronger bullish impulse to move above the weekly open price and the EMA200 moving average. If we succeed in that, we will have an open path on the bullish side.

Potential higher targets are 0.00002850 and 0.00002900 levels. We need a negative consolidation and pullback to the 0.00002750 support level for a bearish option. By falling below, we go to a new daily low and thereby hint at a possible further retreat of the Shiba Inu price. Potential lower targets are 0.00002700 and 0.00002650 levels.

The post Dogecoin and Shiba Inu: Dogecoin resting below 0.20500 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    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

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.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 Oracleofomahasays.com