Dogecoin and Shiba Inu experienced a mixed morning following bullish sessions on Sunday. Maintaining beyond 50-day Exponential Moving Average remains vital today.
- Shiba Inu and Dogecoin witnessed bullish sessions on Sunday.
- The meme coins ended the week in positive regions.
- Vital technical indicators highlight bullishness, with SHIB and DOGE steadying beyond the 50-day Exponential Moving Average.
The leading meme tokens SHIB and DOGE saw bullish reactions yesterday, Sunday. Optimistic sessions saw the alts recovering earlier losses to end the week in a positive area.
Dogecoin gained 5.55% yesterday, reversing Saturday’s 1.77% slump to end the day near $0.1465. Shiba Inu reversed a 1.22% drop with Sunday’s 3.83% surge, closing the day around $0.00002682.
Shiba Inu and Dogecoin Rallies
The meme coins rallied despite a somewhat quiet day as far as news wires are concerned. Afternoon price moves past the day’s pivots supported surges towards vital resistance zones of the day. That had SHIB and DOGE breaking through 50-day Exponential Moving Averages, a positive move.
Dogecoin Price Action
DOGE traded at $0.1459 at this publication, down 0.41%. Mixed price movements early on the day had Dogecoin declining towards 40.1429 morning low before securing support.
The dog coin should avoid the $0.1441 day’s pivot to move towards the initial crucial resistance at $0.1519. Broad market support is essential to overcome Sunday’s high near $0.1495.
Extended rallies will see DOGE hitting 2nd resistance at $0.1573 before toppling the hurdle at $0.16. The 3rd resistance stands at $0.1705.
Drops from the pivot level will see DOGE testing the first support at $0.1387. Bearish actions might take the token to the second massive support at $0.1309.
Shiba Inu Price Action
SHIBA gained 0.22% to trade at $0.00002682 at this writing. Early sessions saw the alt falling towards $0.00002618 morning low before an uptick. Avoiding the day’s pivot at $0.0000266 will support a run to the initial resistance near $0.0000276.
The alt would require overall market support to challenge the $0.00002736 Sunday high. Further upticks will expose the second massive resistance at $0.0000284 and $0.000029. SHIB’s third resistance stands at $0.0000303.
A decline through the day’s pivot would see SHIB at the first support near $0.0000258. The meme token should avoid sub-$0.000025 barring extended sell-offs. The second massive support floor stands near $0.0000247.