Sunday, November 27, 2022
HomeAltcoinsToday’s market report of Doge, Shib and Ripple

Today’s market report of Doge, Shib and Ripple

Today’s market report of Doge, Shib, and Ripple and upcoming market prediction of these cryptocurrencies are as follows:

DOGE/USDT

Dogecoin (DOGE) has sustained above the recent $0.06 quick support level, but the bulls have been unable to make a big comeback off of it. This suggests that when demand increases, it decreases.

Usually, a breakdown happens when there has been a tight holding close to support. The DOGE/USDT pair might drop to the key support at $0.05 if bears manage to keep the price below $0.06.

Buyers will need to surge and maintain the pair over $0.07 in order to refute this bearish assumption. If they are fortunate in doing so, the pair may advance toward the upper barrier at $0.09.

SHIB/USDT

Buyers pushed Shiba Inu (SHIB) above the 20-day EMA ($0.000013) on Sept. 4 but the long wick on the day’s candlestick shows that bears are selling at higher levels.

The price turned down and slipped below the moving averages on Sept. 5. The bears will now try to sink the SHIB/USDT pair to $0.000012, which is likely to attract buyers. The 20-day EMA is flattening out and the RSI is just below the midpoint, indicating a balance between buyers and sellers.

This balance could tilt in favour of the bears if they pull the price below $0.000012. The pair could then decline to $0.000010. Alternatively, if bulls drive and sustain the price above $0.000014, the pair could attempt a rally to $0.000018.

XRP/USDT

The price of Ripple (XRP) has been locked between $0.32 and $0.34 for the last several days, although this narrow pricing range is not expected to last for very long.

The bears’ target is to bring the price down to $0.32. If they are successful, the XRP/USDT pair may continue to decline until hitting important support at $0.30. As they did the last three times, buyers are expected to defend this level vigorously.

The bulls would have a brief advantage, though, if the price rose off of $0.32 and passed above $0.34. The 50-day SMA ($0.36) and then the strong overhead resistance at $0.39 could be reached by the pair at that point.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

16 − seven =

- Advertisment -

Most Popular