Expert crypto analysts Jonathan Morgan and Twitter’s Altcoin Sherpa are assessing their technical levels for Shiba Inu and DOGE in the coming days. In this article, let’s take a look at the brief price histories of tokens and analysts’ predictions.
Jonathan Morgan shares $0.25 targets in Dogecoin
Veteran analyst Jonathan Morgan said that Dogecoin price fell below the rising wedge formation, encouraging bears to take new shorts. With a 5% jump from yesterday’s low, DOGE extends into the present putting pressure on sellers. In addition, the buying pressure during the day eased some of these fears. According to the analyst, the bulls are waiting for a daily close that positions Dogecoin price above the lower trendline of the ascending wedge as the entry area for the long position. Morgan expects a rapid rise towards $0.25 given the oversold and extreme lows across all of its oscillators.
Next, let’s take a look at Shiba with Jonathan Morgan analysis. The analyst says that Shiba Inu price is approaching the support line of a falling wedge formation and there are limited risks to the downside. Also, the Shiba Inu price action on the daily Ichimoku chart shows little signs of strength to expect any bullish price action soon. On the other hand, RSI data remains in bear market conditions, but the clear planning of the RSI line against 30, the initial oversold level, indicates that strong support is present. In this case, Morgan sets the following technical levels for SHIB.
A buy order of around $0.0000350, a stop loss of $0.0000250 and a profit target of $0.0000775.
Altcoin Sherpa says Shiba Inu investors should watch out for Bitcoin
cryptocoin.com Let’s end with the SHIB analysis of Altcoin Sherpa, whose analysis we share. In her recent analysis, Sherpa said that it is important for Bitcoin to recover before individual investors start accumulating Shiba Inu (SHIB). These analyzes by Sherpa are supported by data from IntoTheBlock, which shows that 70% of Shiba traders are at a loss. As a result, the analyst believes the Shiba Inu price trend is in the buy zone.
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