• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Dogecoin and Shiba Inu continue to descend to new lows

by August 1, 2024
written by August 1, 2024

Dogecoin and Shiba Inu continue to descend to new lows

The Dogecoin price continued this morning with bearish consolidation to a new weekly low at 0.11814. 
This morning, the Shiba Inu price formed a new weekly low at 0.00001557. 

Dogecoin chart analysis

The Dogecoin price continued this morning with bearish consolidation to a new weekly low at 0.11814. Yesterday’s attempt to hold above 0.12400 ended without success. This was followed by a bearish impulse and a break of the bullish formation. After that, the price fell to 0.12100 but failed to hold there either. This led to a further pullback to this morning’s low. Dogecoin is still under pressure, hovering around the 0.12000 level.

The price could easily continue on the bearish side and form a new weekly low. Potential lower targets are the 0.11600 and 0.11400 levels. For a bullish option, we need a positive consolidation above the 0.12200 level. Then, we need to keep up there. If we succeed, the price could start a bullish recovery to higher levels. Potential higher targets are the 0.12400 and 0.12600 levels.

 

Shiba Inu chart analysis

This morning, the Shiba Inu price formed a new weekly low at 0.00001557. Yesterday’s bullish formation did not last, and the price made a breaking of the trend. After that, we saw a drop to the 0.00001580 level. Then, this morning, the price tried to initiate a recovery but met resistance at 0.00001600. We are now at 0.00001580 and trying to start another bullish consolidation again.

Potential higher targets are 0.00001600 and 0.00001620 levels. New support at 0.00001620 is the EMA 50 moving average. For a bearish option, we need negative consolidation and a drop below this morning’s low. This will form a new weekly low and confirm the weak price of the Shiba Inu. Potential lower targets are the 0.00001540 and 0.00001520 levels.

 

The post Dogecoin and Shiba Inu continue to descend to new lows appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Alina Habba accuses Kamala Harris of ‘committing a crime,’ covering up Biden’s health
next post
ApeCoin and Akita Inu: ApeCoin withdrawal continues

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, 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!

Latest News

  • NXT rises on higher profit guidance, but FTSE 100 retailer warns of increased costs in 2025

    January 7, 2025
  • Long AER: AerCap Defends Key Support at $100, Bullish Momentum Builds After Strong Earnings Beat

    March 3, 2025
  • Chipotle has been on a hot streak with customers

    July 25, 2024
  • Classic car sales stall in Monterey auctions as new generation takes charge

    August 27, 2024
  • 1,000 days of war in Ukraine as Zelenskyy doubles down on aerial options with ATACMS, drones and missiles

    November 19, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,506)
  • Investing (634)
  • Stock (941)

Latest Posts

  • Trump sues CBS News for $10 billion alleging ‘deceptive doctoring’ of Harris’ ’60 Minutes’ interview

    October 31, 2024
  • Kash Patel flips script on Dem senator after being grilled on J6 pardons: ‘Brutal reality check’

    January 30, 2025
  • OPK Stock Price, Analysis and Forecast: Should You Invest

    September 12, 2024

Recent Posts

  • Trump nominates TV producer, creator of ‘The Apprentice,’ to serve in new administration

    December 21, 2024
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 29, 2024
  • Sen. Steve Daines says regime change is the best long-term plan in Iran

    July 7, 2025

Editor’s Pick

  • Possible gunfire breaks out at Trump rally in Pennsylvania

    July 14, 2024
  • ‘Obama bro’ confirms claims in Clooney’s damaging op-ed on Biden’s mental fitness

    July 11, 2024
  • New bill would mandate gyms to carry equipment for Americans with disabilities

    December 26, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock