Dogecoin dropped to a multi-week low on Saturday, as a red wave continues to wash away recent crypto bulls. The meme coin dropped below a key price floor at $0.080 following today’s plunge. Shiba inu was also lower to start the weekend, falder så meget som 3%.
Indhold
Dogecoin (DOGE)
Dogecoin (DOGE) moved to a three-week low to start the weekend, as bears pushed the meme coin below a key price level.
Following a high of $0.08435 på fredag, DOGE/USD dropped to a bottom at $0.07752 in today’s session.
Saturday’s decline saw DOGE fall below a long-term support point at $0.080, hitting its weakest point since April 3.
From the chart, it appears that dogecoin has found a new floor at near the $0.0760 mark, which comes as the relative strength index (RSI) also consolidated.
At the time of writing this, the index is now tracking at 43.21, which is close to a support point at 42.00.
The next visible resistance level looks to be at 51.00, and should bulls begin to move towards this, DOGE will soon be back above $0.090.
Shiba Inu (SHIB)
Another meme coin in the red on Saturday was shiba inu (SHIB) which also slipped to a multi-week low.
SHIB/USD dropped to a low of $0.00001012 at starte weekenden, Mindre end 24 hours after trading at a peak of $0.00001064
This is the lowest level that shiba inu has hit since March 11, and comes following a four-day losing streak.
The recent mini-bear run has now pushed the 10-day (red) moving average to the brink of a downward cross with its 25-day (blue) counterpart.
As of writing this, shiba inu continues to hover close to an area of support at the $0.00001020 level.
Price strength is also marginally above a floor of its own at 37.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect further declines in meme coins during the weekend? Fortæl os dine tanker i kommentarerne.
Billedkreditter: Shutterstock, Pixabay, Wiki Commons
Ansvarsfraskrivelse: Denne artikel er kun til informationsformål. Det er ikke et direkte tilbud eller opfordring til et tilbud om at købe eller sælge, eller en anbefaling eller godkendelse af produkter, tjenester, eller virksomheder. Bitcoin-Tidings.com giver ikke investeringer, skat, gyldige, eller regnskabsrådgivning. Hverken virksomheden eller forfatteren er ansvarlig, direkte eller indirekte, for enhver skade eller tab forårsaget eller påstået at være forårsaget af eller i forbindelse med brugen af eller tilliden til noget indhold, varer eller tjenesteydelser nævnt i denne artikel.
Læs ansvarsfraskrivelse