Shiba Inu, Dogecoini hinnaanalüüsi juhend eelolevaks nädalaks

Shiba Inu, Dogecoin Price Analysis:  the exhaustion of bullish momentum has stalled price recovery in the majority of cryptocurrencies, including meemimündid. However, the resulting consolidation seems like a short break before the recovery shoots up again. Thus, today we’ll analyze the top two memecrypto, Dogecoin, and Shiba Inu coin, to identify their near future goal.

Turuliidrid

. Bitcoini hind currency trades at $23630 with an intraday loss of 0.47%; meanwhile, the Ethereumi hind exchange hands at $1635, with an intraday loss of 0.57%.

Shiba Inu münt

Allikas - Coinmarketcap

Mõjul a ümara põhja muster, the Shiba Inu coin has witnessed steady growth in the first three weeks of 2023. This pattern formation itself is a sign of sustained recovery in the market and brings several entry opportunities for interested traders.

However, for the fourth week, the coin price is experiencing high volatility, causing a consolidation phase above the $0.000011 support. However, this consolidation should be temporary, and If the coin price shows sustainability above the mentioned support, the price is likely to resume a bullish recovery.

Allikas- Tradingview

With sustained buying, the Shiba Inu mündi hind could rise more 17.4% to hit the neckline resistance of the rounding bottom pattern. However,  in ideal bullish conditions, this pattern breakout should lead to a price rally to $0.00002.

Dogecoin  

Allikas - Coinmarketcap

. Dogecoini hind witnessed a consolidation phase for the past two weeks showing a power struggle to surpass the $0.091 ceiling. However, after an explosive rally, a minor consolation is essential to stabilize the excessive buying.

However, in deeper analysis, this consolidation is part of a famous bullish reversal pattern called cup and handle. The prices have reached the handle portion of this pattern, and are waiting for the breakout of neckline resistance.

Allikate kauplemisvaade

By the press time, the DOGE coin trades at $0.088, with an intraday loss of 1.14%. Thus, a daily candle closing above the $0.0916 resistance will signal the resumption of the bullish recovery. This potential rally could drive the DOGE price 18% higher to hit the $0.108 mark.