Here’s a Price Analysis Guide for Fast-Recovering Meme coins
Published 32 minutes ago by
Brian Bollinger This tweet immediately affected Floki, Dogecoin and Shiba Iu’s market values and pushed them to even higher levels. Here’s a daily chart price analysis on these memes coins to determine their future target.sadvertisementFloki(FLOKI)Source- TradingviewThe Floki token price witnessed a strong recovery in January 2023, followed by the February month correction phase. The market was becoming more uncertain and the coin price fell to $0.00002 support. This was followed by a correction phase in February 2023. However, the Floki token has seen a strong recovery. It showed a 53% increase on intraday. The price recovered from the $0.00002 level and exceeded the $0.000032 swing high resistance in one strike. Trending StoriesIf the daily candle closes higher than $0.000032, buyers will receive significant support. The breached level may allow for a further 17% increase in the price to $0.000043. Dogecoin(DOGE)Source- TradingviewOver the last week, the Dogecoin price has been hovering above the local support of $0.073. Dogecoin(DOGE)Source- TradingviewOver the past week, the Dogecoin prices have been hovering above $0.073. The market is buying continues, and the coin price could retest $0.09, which is crucial for Doge holders, as a reversal of or breakout from this level may impact the coin’s near future price. Source: Tradingview. The daily chart of the Shiba Inu coin showed the formation and handling pattern. The market correction phase has shaped the handle portion which validates the SHIB price sustainability over $0.000012. Thus, the Shiba Inu price rebounded from $0.000012 support. As a result, the coin price rallied 8% in the last two days and reached the current price of $0.000013.advertisementIf the buying pressure, the SHIB price may showcase a breakout attempt from the $0.0000147 neckline resistance of the cup and handle pattern. This breakout could lead to a bull market to $0.000022.
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