Shiba Inu, vodnik za analizo cen dogecoinov za prihodnji teden

Shiba Inu, Dogecoin Price Analysis:  the exhaustion of bullish momentum has stalled price recovery in the majority of cryptocurrencies, including meme kovanci. 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.

Vodilni na trgu

O Bitcoin cena currency trades at $23630 with an intraday loss of 0.47%; meanwhile, the Cena Ethereum exchange hands at $1635, with an intraday loss of 0.57%.

Kovanec Shiba Inu

Vir - Coinmarketcap

Pod vplivom a zaokrožen spodnji vzorec, 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.

Vir- Tradingview

With sustained buying, the Cena kovanca Shiba Inu 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  

Vir - Coinmarketcap

O Dogecoin cena 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.

Vir-Tradingview

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.