Even if the global cryptography market is doing well, the memes parts are struggling to attract enough buyers. For this reason, the main parts of memes see a higher sales pressure near the key price levels. Interestingly, Dogecoin and Shiba Inu recently achieved several highest stockings, suggesting that this could be due to a short -term drop.
The same are fighting despite an increase in the oi
Despite a sharp increase in open interest, the price of Dogecoin and Shiba Inu continues to fight. The interest open to Dogoin’s Futures has increased by 78% in the last seven days. This increase occurred, even if the price of Bitcoin has dropped a lot of its recent peak. For this reason, the total value of the long -distance positions of open dogecoin increased from $ 1.7 billion to $ 3.03 billion.
On the other hand, the open interest of Shiba Inu jumped more than 61% in last week, going from $ 152 million to more than $ 246 million. However, despite the sharp increase in open interest in Shib and Doge, this did not lead to a high price rebound on the graphics.
Dogecoin price analysis
The Dogecoin price forms several higher peaks around $ 0.25 level. However, sellers continue to dominate an increase in the price table, keeping the price around the support channels. During the editorial staff, Doge Price is negotiated at $ 0.2336, down more than 2.1% in the last 24 hours.
The rally now undergoes a sale pressure around $ 0.25, which could lead to a step back to the level of $ 0.21. If the price bounces strongly from $ 0.21, this would show that traders are now more ready to buy drops instead of selling in gatherings, which increases the chances of moving up to $ 0.265. A successful decision above this level could send the price to $ 0.32.
To stop this momentum upwards, sellers should push the price below the 20 -day EMA (currently $ 0.231). If this happens, DOGE / USDT could go around $ 0.2.
Also read: Dogecoin Eyes $ 0.30 after an escape: but is a decline on the cards?
Currently, the price has started to go from $ 0.26, with the next support levels at $ 0.22 and $ 0.21. If the price finds the support and rebound in this area, this suggests that buyers intervene at lower levels. In this case, Bulls can try to generate the price more than $ 0.26 again.
Analysis of Shiba Inu Prix
The price of the SHIB is faced with a downward correction below the level of $ 0.000017. Buyers hold the price above the EMA20 trend line, but could soon face sales pressure. Currently, Shib Price is traded at $ 0,0000,158, down more than 2.2% in the last 24 hours.
This rally pushed the RSI around 51, which means an equal domination of the two lateral traders. If Shib is above the immediate support of $ 0.00001475, we could see another retest of the level of $ 0.000017. A thrust above this level could send Shiba Inu to $ 0.000019.
However, these upward prospects could fade if the price drops below $ 0.0000,1475. A drop below this could consolidate the price of the shib around $ 0.0000,1225.
