crypto

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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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.