Connect with us

Hi, what are you looking for?

Latest News

Dogecoin and Shiba Inu: Dogecoin has resistance at 0.12400

Dogecoin and Shiba Inu: Dogecoin has resistance at 0.12400

This morning, the Dogecoin price encountered resistance at 0.12400. 
This morning, the Shiba Inu price was unable to surpass the EMA 50 moving average and 0.00001900.

Dogecoin chart analysis

This morning, the Dogecoin price encountered resistance at 0.12400. Failure to continue above this level could trigger a deeper pullback, as we are under pressure from the EMA 50 moving average. We have already had one impulse to the 0.12000 level, which could initiate a move to the bearish side. By falling below this low, Dogecoin would form a new daily low and thereby confirm its weakness.

Despite the current challenges, Dogecoin has potential for recovery. The 0.11800 and 0.11600 levels present potential lower targets, with the first additional support being the 200 EMA in the 0.11700 zone. For a bullish option, the price would have to retrace above the EMA 50 moving average and the 0.12400 level. Then, we need to stabilize there before proceeding with further recovery. Potential higher targets are the 0.12600 and 0.12800 levels.

 

Shiba Inu chart analysis

This morning, the Shiba Inu price was unable to surpass the EMA 50 moving average and 0.00001900. This moving average is a crucial technical indicator that the price is currently under. We encountered resistance at this level and pulled back to the 0.00001850 support level, creating a mildly bearish picture that could worsen with a break below. Potential lower targets are the 0.00001800 and 0.00001750 levels.

Additional price support for the Shiba Inu at 0.00001800 is at the EMA 200 moving average. For a bullish option, we need a price impulse above the EMA 50 and the 0.00001900 level. Then, we need to maintain ourselves there above. If we succeed in this, we can hope to initiate bullish consolidation and price recovery. Potential higher targets are the 0.00001950 and 0.00002000 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin has resistance at 0.12400 appeared first on FinanceBrokerage.

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







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    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

    Investing

    The Senate is expected to send a temporary spending package known as a Continuing Resolution (CR) to the White House, averting a government shutdown before...

    Investing

    Sen. Tommy Tuberville’s, R-Ala., colleagues pleaded on the Senate floor early Thursday morning – from midnight until nearly 4 a.m. – to drop his objection to...

    Latest News

    A bipartisan ethics report concludes there is “substantial evidence” that George Santos violated federal criminal laws, which will almost certainly trigger another attempt to...

    Editor's Pick

    Helium Evolution Incorporated (TSXV:HEVI) (‘ HEVI ‘ or the ‘ Company ‘), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan,...

    Disclaimer: Goldenliontraders.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 © 2023 Goldenliontraders.com