• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Stock

Dogecoin and Shiba Inu: Target and Prices for Thursday

by October 3, 2024
written by October 3, 2024

Dogecoin and Shiba Inu: Target and Prices for Thursday

The price of Dogecoin retreated to a new October low on Wednesday at the 0.10223 level
On Tuesday, Shiba Inu’s price dropped to the 0.00001560 level

Dogecoin chart analysis

The price of Dogecoin retreated to a new October low on Wednesday at the 0.10223 level. A day earlier, on Tuesday, the price encountered resistance at 0.12000 and the EMA 200 moving average. From there, a bearish consolidation was initiated and a drop below the 0.11000 level. This morning we had a slight recovery to 0.10900, but its weak momentum was enough to continue on the bullish side. We stayed below the daily open level and thus kept Dogecoin in the support zone.

A new impulse below would push the price to a new weekly low and thereby confirm the continuation of the bearish option. Potential lower targets are the 0.10000 and 0.09800 levels. For a bullish option, it is necessary for Dogecoin to return above the 0.11000 level to a new daily high. With that step, the chances of returning to the bullish side increase. Potential higher targets are 0.11200 and 0.11400 levels. We could have a big break in the EMA 200 moving average around 0.11400.

 

Shiba Inu chart analysis

On Tuesday, Shiba Inu’s price dropped to the 0.00001560 level. Since then, the price movement has been in the lateral channel in the 0.00001600-0.00001700 range. Emma 200 has also been on the bearish side since yesterday and is exerting pressure on the price. If we fail to move above, there will be a strengthening of the bearish momentum. Thus, we move to a new weekly low and confirm the further retreat of the Shiba Inu price.

Potential lower targets are the 0.00001500 and 0.00001400 levels. For a bullish option, we need a positive consolidation, a move above the EMA 200 moving average and 0.00001750. That step moves us to the bullish side. After that, we expect the recovery to continue and the Shiba Inu to climb to a new high. Potential higher targets are 0.00001800 and 0.00001850 levels.

 

The post Dogecoin and Shiba Inu: Target and Prices for Thursday appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
ApeCoin and Akita Inu: Daily Overview of Prices and Targets
next post
BLDP Stock Key Metrics, Price Forecast – Is It a Buy?

You may also like

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump’s tariffs on Brazil could make your coffee even more expensive

      July 11, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025

    Categories

    • Economy (786)
    • Editor's Pick (422)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick