Connect with us

Hi, what are you looking for?

Deluxe Investment Group – Investing and Stock NewsDeluxe Investment Group – Investing and Stock News

Economy

Dogecoin and Shiba Inu: Dogecoin fell to 0.07500 yesterday

Dogecoin and Shiba Inu: Dogecoin fell to 0.07500 yesterday

The Dogecoin price pulled back to the 0.07500 level yesterday with a bearish impulse, forming this year’s low.
Shiba Inu’s price pulled back to 0.00000853 levels yesterday.

Dogecoin chart analysis

The Dogecoin price pulled back to the 0.07500 level yesterday with a bearish impulse, forming this year’s low. The last time we were in that zone was in November. After yesterday’s drop, the price quickly pulled back above the 0.08000 level. We managed to get support at that level and move in the 0.08000-0.08400 range. We will need to break above 0.08400 if we plan to see a more concrete recovery from the current position.

Potential higher targets are 0.08600 and 0.08800 levels. EMA50 moving average is in the zone around 0.09000 levels. We need a break below the 0.08000 support level for a bearish option. This would trigger a negative consolidation and a drop in the price of Dogecoin. Potential lower targets are 0.07800 and 0.07600 levels. Depending on the bearish impulse, the value of the new low will also depend.

Shiba Inu chart analysis

Shiba Inu’s price pulled back to 0.00000853 levels yesterday. With that move, this year’s low was formed. We stop there and climb to the 0.00000920 level. The price also receives support at that level and initiates a bullish consolidation above the 0.00000960 level. We now need a continuation of this consolidation to get out of the bearish embrace. Potential higher targets are 0.00000980 and 0.00001000 levels.

The EMA50 moving average awaits us in the zone around the 0.00001020 level. We need a negative consolidation and pullback to support a bearish option at 0.00000920. New pressure in that zone would likely lead to a further decline and a search for support at lower levels. Potential lower targets are 0.00000900 and 0.00000880 levels.

The post Dogecoin and Shiba Inu: Dogecoin fell to 0.07500 yesterday appeared first on FinanceBrokerage.

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

    Latest News

    Florida Gov. Ron DeSantis (R) needs a massive infusion of cash in the next two months of the Republican presidential primary race to help...

    Editor's Pick

    ERP or Enterprise Resource Planning solutions help businesses of all sizes manage their daily business operations. First used in the 1990s, ERP systems have...

    Latest News

    The United States could be on track for a Joe Biden-Donald Trump rematch in 2024, but it’s the president’s son Hunter Biden who earned...

    Latest News

    A week ago, a Jan. 6 defendant was arrested near Barack Obama’s in D.C. with what the government says was a machete, two guns...

    Disclaimer: Deluxeinvestmentgroup.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 deluxeinvestmentgroup.com