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 is holding above 0.06000

Dogecoin and Shiba Inu: Dogecoin is holding above 0.06000

Yesterday, we saw a bullish attempt by Dogecoin price to climb to the 0.06140 level.
The Shiba Inu price fell to a new low yesterday at the 0.00000714 level.

Dogecoin chart analysis

Yesterday, we saw a bullish attempt by Dogecoin price to climb to the 0.06140 level. We encountered resistance there; additional pressure in that zone creates the EMA50 moving average. This was followed by a quick pullback to support at the 0.06020 level. Since then, we have been in a slight bullish consolidation with the formation of a high at the 0.06090 level.

We need a break above the 0.06100 level to get rid of the bearish pressure and start the recovery. In the zone around the 0.06120 level, we come across the EMA50 moving average, and we have to jump over it to continue on the bullish side. Potential higher targets are 0.06160 and 0.06180 levels.

Shiba Inu chart analysis

The Shiba Inu price fell to a new low yesterday at the 0.00000714 level. We managed to get support at that level and start recovery. Today’s high price is 0.00000727 level, and based on the previous consolidation, we could expect a continuation on the bullish side. Potential higher targets are the 0.00000730 and 0.00000735 levels. Additional price resistance could be found in the EMA50 moving average in the zone around the 0.00000730 level.

We need a negative consolidation and another pullback to the previous support in the zone around the 0.00000714 level for a bearish option. A break below would form a new low and thus confirm the bearish scenario. Potential lower targets are the 0.00000710 and 0.00000705 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin is holding above 0.06000 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

    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

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

    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