Shiba Inu, Dogecoin Prediction- Pullback Opportunity Shines on Memecoins

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Dogecoin Price Prediction, Brian Bollinger Shiba Inu: The panic selling of major cryptocurrency coins in February’s second Week was due to the US Sec accusing crypto exchanges kraken of offering unregistered securities. This sudden drop in market sentiment could provide discount opportunities for several crypto coins that offer high returns and good returns. Thus, today, we will analyze the top two memecoin to see their near future target.advertisementMarket leadersThe Bitcoin price currency trades at $21684 with an intraday loss of 1.01%; meanwhile, the Ethereum price exchange hands at $1518, with an intraday loss of 1.6%.Shiba Inu Coin Source- CoinmarketcapAmid the ongoing uncertainty in the crypto market, the Shiba Inu coin reverted from $0.000015 resistance on February 5th. The result was that the coin price fell 17.82% and reached $0.0000122 as a local support zone. Trending StoriesThis ongoing consolidation is part a larger bullish reversal pattern called cup-and-handle. The SHIB price has retreated from $0.0000122 as the base support. Source: Tradingview. This pattern should allow the Shiba Inu to rebound from $0.0000122 support and challenge the $0.000015 neckline resistance. The Shiba Inu coin should rebound from the $0.0000122 support and challenge the $0.000015 neckline resistance. Source: Tradingview This pattern is characterized by an uptrend but the most common outcome is the breakdown or reversal of the support trendline. The DOGE price plunged to $0.08 local support after a month. The trades waiting for an entry opportunity should wait for the price to show sustainability above $0.08 mark.Source-TradingviewadvertisementOn a potential price rally, a breakout above $0.0895 will give an additional example of the resumption of an uptrend. The DOGE coin price should rise to $0.11 if there is continued buying.
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. Close Story