FOMO Alert! Dogecoin (DOGE), Floki Inu (FLOKI), and Shiba Inu (SHIB) Surge – Is It Too Late to Ride the Wave?

By CryptoDaily - 2 months ago - Reading Time: 5 minutes

FOMO Alert! Dogecoin (DOGE), Floki Inu (FLOKI), and Shiba Inu (SHIB) Surge – Is It Too Late to Ride the Wave?

This year has unfolded as a captivating journey for crypto enthusiasts, marked by Bitcoin (BTC) recent surge to an impressive $45,000. The leading cryptocurrency has showcased a steadfast upward trajectory, drawing significant interest from institutional investors. Amidst this overall positive trend, meme coins have taken center stage, showcasing noteworthy results. Particularly charming the crypto community are the endearing canine-themed cryptocurrencies: Dogecoin (DOGE), Floki Inu (FLOKI), and Shiba Inu (SHIB). These tokens have captured investors' attention with their unwavering upward trajectory. Will they be able to sustain this consistent growth? Adding to the narrative is ScapesMania (MANIA), an emerging star in the crypto landscape offering enticing investment opportunities during its presale stage.  

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Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) has consistently followed an upward trajectory since mid-November, with its sights set on breaching the key resistance level at $0.1. As of the current writing, DOGE is hovering around the $0.09 mark, exhibiting a remarkable 16% increase over the past week and an impressive 31% gain over the last month.

Examining the daily timeframe, the Relative Strength Index (RSI) stands at 76.6961, signaling a bullish advantage and crossing into overbought territory. Despite this, traders are advised to exercise caution, considering potential pullbacks, especially as the Commodity Channel Index (20) sits at 150.4105, issuing sell signals. Simultaneously, the MACD Level at 0.0055 suggests a favorable environment for buying actions.

A comprehensive analysis of moving averages reinforces the bullish trend across all time frames. The 10-day Exponential Moving Average (EMA) registers at 0.0904, closely aligned with the 10-day Simple Moving Average (SMA) at $0.0893. Looking at longer-term indicators, the 100-day EMA stands at $0.0734, while the 100-day SMA is at $0.0688, indicating a sustained upward momentum.

Dogecoin (DOGE) Price Prediction

The identification of support and resistance levels plays a crucial role in forecasting the potential price movements of Dogecoin (DOGE). If DOGE manages to maintain its bullish momentum, especially above the key resistance level at $0.0940, the anticipated trajectory extends towards the zone around $0.1048. 

Conversely, in a bearish scenario, there is the possibility of the price descending below its immediate support at $0.0789, potentially leading to a further decline to $0.0724. These levels serve as strategic reference points for adjusting stop-loss orders or planning market entries at lower points.  

Shiba Inu (SHIB) Price Analysis

According to the latest update from Trading View, Shiba Inu Coin (SHIB) hovers near the pivot point of $0.0000085060, showcasing a notable increase of 20% over the past week and 21% over the last month.

The technical analysis paints a nuanced picture. The RSI at 57.2324207546 indicates a neutral stance, mirroring the Stochastic %K at 65.7709532949. The Momentum, standing at 0.0000002025, leans towards a sell, while the MACD Level at 0.0000000776 suggests a favorable environment for buying actions.

The analysis of moving averages distinctly supports a bullish outlook. The price position above both the 10-day Exponential Moving Average (EMA) and the 10-day Simple Moving Average (SMA), both at $0.0000099, signals a likely continuation of the upward trend in the near term. Similarly, the long-term outlook remains bullish, contingent on the price remaining above the 100-day EMA at $0.0000095318 and the 100-day SMA at $0.0000095367.

Shiba Inu (SHIB) Price Prediction

The delineation of support and resistance levels serves as crucial guidance for anticipating potential price movements. If SHIB experiences a pullback, the initial support level at 0.0000082113 may act as a significant point for potential buying interest. A more substantial support level stands at 0.0000073914. If the price were to decline further, this level could serve as a critical zone for potential market rebounds.

In a bullish scenario, overcoming the resistance at 0.0000103012 could signify a bullish breakout, potentially paving the way for an upward trajectory toward the next resistance level at 0.0000117561. A break of this level might indicate a strengthened bullish momentum, with the potential for further upward movement.

Floki Inu (FLOKI) Price Analysis

Floki Inu (FLOKI) is positioned at approximately $0.000040, with a noteworthy 26% gain over the week and a substantial 32% increase over the month.

Both the RSI, standing at 64.0327184612, and the Stochastic %K, recorded at 59.7293474613, signal a neutral stance, indicating a lack of significant directional movement in the near term. Simultaneously, the Momentum, noted at 0.0000085343, suggests sell signals, while the MACD Level, positioned at 0.0000024389, leans towards a buy scenario.

In the short term, the 10-day Exponential Moving Average (EMA) at $0.0000376075 and the 10-day Simple Moving Average (SMA) at $0.0000365499 both advocate for a bullish run. Likewise, the positive outlook extends to the longer term, supported by the 100-day EMA at $0.0000281818 and the 100-day SMA at $0.0000247630. This suggests a favorable trend that may persist over an extended period.

Floki Inu (FLOKI) Price Prediction

Examining crucial support and resistance levels offers valuable insights into potential market movements. If the price successfully breaches the initial resistance level at $0.0000456491, it could test the upper boundary at $0.0000587567. These levels may serve as opportune points for profit-taking considerations.

Conversely, in a bearish scenario, a price decline to the immediate support at $0.0000325415 may trigger a further descent to $0.0000257710. These downward targets should be closely watched for potential reversals in the trend, allowing traders to readjust their positions. 

Conclusion

The crypto journey this year has been marked by notable spikes, particularly in Bitcoin, and the rise of meme coins such as Dogecoin (DOGE), Floki Inu (FLOKI), and Shiba Inu (SHIB). Each token displayed unique trajectories, attracting investor attention. The technical analyses for DOGE, SHIB, and FLOKI offer insights. DOGE shows a positive outlook, guided by key indicators and moving averages. SHIB's nuanced technical picture suggests potential opportunities, emphasizing support and resistance levels. FLOKI's recent gains highlight the importance of monitoring these levels for strategic decisions. The provided analyses aim to empower investors and traders with insights for navigating the dynamic crypto market.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Original source: CryptoDaily