DOGE and SHIB Face Early Pressure as Focus Shifts to US Inflation

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) enjoyed a bullish Wednesday session, with DOGE testing resistance at $0.11.
  • Bets of China easing lockdown measures and Fed Chair Powell delivered a NASDAQ breakout session, which provided DOGE and SHIB price support.
  • The technical indicators remain mixed, with the DOGE EMAs signaling further price gains.

On Wednesday, dogecoin (DOGE) rose by 5.13%. Following a 6.74% rally on Tuesday, DOGE ended the day at $0.1066. Notably, DOGE wrapped up the day at $0.10 for the second time since November 7.

A bullish start to the day saw DOGE rally to an early high of $0.1099. DOGE broke through the First Major Resistance Level (R1) at $0.1066 before sliding to a late afternoon low of $0.0995. However, steering clear of the First Major Support Level (S1) at $0.0949, DOGE broke back through R1 to revisit $0.1096 before easing back.

Shiba inu coin (SHIB) rose by 2.97% on Wednesday. After ending the Tuesday session flat, SHIB ended the day at $0.00000935.

Tracking DOGE, SHIB rose to an early high of $0.00000939. SHIB broke through the First Major Resistance Level (R1) at $0.00000926 before sliding back to a late afternoon low of $0.00000902. However, steering clear of the First Major Support Level (S1) at $0.00000894, SHIB broke back through R1 to revisit the day high of $0.00000939 before easing back.

Bullish sentiment spilled over from Tuesday to deliver a breakout start to the mid-week session. Hopes of the Chinese government easing lockdown measures in the wake of the countrywide protests drove crypto demand. Softer FTX contagion risk and hopes of a December Fed pivot also gave support.

Late in the day, a less hawkish Fed Chair Powell supported a second wave of buying to deliver solid gains for the session. Fed Chair Powell talked of slowing the pace of interest rate hikes, affirming market bets of a Fed pivot.

The less hawkish comments delivered a bullish session for the US equity markets, with the NASDAQ Composite Index and S&P500 seeing gains of 4.41% and 3.09%, respectively.

However, there were no updates on Twitter’s DOGE integration plans to support a return to $0.11.

Following the market reaction to Fed Chair Powell’s comments on Wednesday, US economic indicators will likely influence today. Inflation and personal spending figures will draw interest along with FOMC member chatter.

A spike in inflation and spending, together with hawkish FOMC member chatter, would test buyer demand. Investors will also need to track the news wires for Twitter updates on its crypto integration plans.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 1.69% to $0.1048. A mixed start to the day saw DOGE rise to an early high of $0.1079 before falling to a low of $0.1038.

DOGE under pressure.
DOGEUSD 011222 Daily Chart

Technical Indicators

DOGE needs to move through the $0.1053 pivot to target the First Major Resistance Level (R1) at $0.1112. A move through the Wednesday high of $0.1099 would signal a bullish afternoon session. However, the news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.1157 and $0.12. The Third Major Resistance Level (R3) sits at $0.1261.

Failure to move through the pivot ($0.1053) would leave the First Major Support Level (S1) at $0.1008 in play. Barring an extended sell-off, DOGE should avoid sub-$0.10 and the Second Major Support Level (S2) at $0.0949.

The Third Major Support Level (S3) sits at $0.0845.

DOGE support levels in play.
DOGEUSD 011222 Hourly Chart

The EMAs sent a bullish signal, with DOGE sitting above the 50-day EMA, currently at $0.0931. The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA. The price signals were bullish.

A hold above S1 ($0.1008) and the 50-day EMA ($0.0953) would support a breakout from R1 ($0.1112) to target R2 ($0.1157) and $0.12. However, a fall through S1 ($0.1008) would give the bears a run at the 50-day EMA ($0.0953) and S2 ($0.0949).

EMAs bullish.
DOGEUSD 011222 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 1.39% to $0.00000922. A bearish start to the day saw SHIB fall from an early high of $0.00000937 to a low of $0.00000920.

SHIB on the back foot.
SHIBUSD 011222 Daily Chart

Technical Indicators

SHIB needs to move through the $0.00000925 pivot to target the First Major Resistance Level (R1) at $0.00000949. A return to $0.00000940 would signal a bullish afternoon session. However, SHIB will likely take its cues from the broader crypto market and the NASDAQ Index.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000962. The Third Major Resistance Level (R3) sits at $0.00000999.

Failure to move through the pivot would leave the First Major Support Level (S1) at $0.00000912 in play. Barring an extended sell-off, SHIB should avoid sub-$0.00000890 and the Second Major Support Level (S2) at $0.00000888. The Third Major Support Level (S3) sits at $0.00000851.

SHIB support levels in play.
SHIBUSD 011222 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 100-day EMA, currently at $0.00000929. This morning, the 50-day EMA narrowed on the 100-day EMA, while the 100-day EMA flattened on the 200-day EMA. The signals were mixed.

A SHIB move through the 100-day EMA ($0.00000929) would support a run at R1 ($0.000000949) and $0.000000950. However, a fall through the 50-day EMA ($0.00000914) and S1 ($0.00000912) would bring S2 ($0.00000888) into view.

EMAs bearish,
SHIBUSD 011222 4 Hourly Chart

DOGE Bulls Continue to Target $0.11 Ahead of Fed Chair Powell Speech

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) joined the broader market in a rebound session on Tuesday, with DOGE wrapping up the day at $0.1014.
  • Market risk appetite and Twitter plans to integrate DOGE onto the payment platform delivered price support.
  • The technical indicators remain mixed, with the DOGE EMAs signaling further price gains.

On Tuesday, dogecoin (DOGE) rallied by 6.74%. Reversing a 3.55% loss from Monday, DOGE ended the day at $0.1014. Notably, DOGE wrapped up the day at $0.10 for the first time since November 7.

A mixed start to the day saw DOGE fall to an early low of $0.0936. Steering clear of the First Major Support Level (S1) at $0.0906, DOGE rallied to a late morning high of $0.1053. DOGE broke through the First Major Resistance Level (R1) at $0.0995 and the Second Major Resistance Level (R2) at $0.1040.

However, a mixed afternoon saw DOGE fall back through R2 and R1 to end the day at $0.1014.

Shiba inu coin (SHIB) ended the Tuesday flat. Following a 2.05% loss from Monday, SHIB ended the day at $0.00000908.

Tracking DOGE, SHIB fell to an early low of $0.00000899. Steering clear of the First Major Support Level (S1) at $0.00000878, SHIB rose to a mid-morning high of $0.00000931. However, falling short of the First Major Resistance Level (R1) at $0.00000937, SHIB fell back to an afternoon low of $0.00000900 before wrapping up the day at $0.00000908.

After the China protests on Monday, hopes of the Chinese government easing COVID lockdown measures drove demand for riskier assets through the Tuesday morning session.

Easing fear of FTX contagion also provided support as investors brushed aside the news of BlockFi filing for bankruptcy.

For DOGE investors, Twitter integration plans continued to deliver price support.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 4.93% to $0.1064. A bullish start to the day saw DOGE rally from an early low of $0.1009 to a high of $0.1099.

DOGE broke through the First Major Resistance Level (R1) at $0.1066 before easing back.

DOGE on the move.
DOGEUSD 301122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.1001 pivot to retarget the First Major Resistance Level (R1) at $0.1066 and the morning high of $0.1099. A return to $0.1075 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.1118 and $0.1150. The Third Major Resistance Level (R3) sits at $0.1235.

A fall through the pivot ($0.1001) would bring the First Major Support Level (S1) at $0.0949 into play. Barring an extended sell-off, DOGE should avoid sub-$0.0900 and the Second Major Support Level (S2) at $0.0884. However, further signs of FTX contagion would bring sub-$0.0800 into view.

The Third Major Support Level (S3) sits at $0.0767.

DOGE resistance levels in play.
DOGEUSD 301122 Hourly Chart

The EMAs sent a bullish signal, with DOGE sitting above the 50-day EMA, currently at $0.0931. The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA. The price signals were bullish.

A hold above S1 ($0.0949) and the 50-day EMA ($0.0931) would support a breakout from R1 ($0.1066) to target R2 ($0.1118). However, a fall through S1 ($0.0949) and the EMAs would bring S2 ($0.0884) into view.

EMAs bullish.
DOGEUSD 301122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 2.20% to $0.00000928. A bullish start to the day saw SHIB rise from an early low of $0.00000906 to a high of $0.00000939.

SHIB broke through the First Major Resistance Level (R1) at $0.00000926.

SHIB finds morning support.
SHIBUSD 301122 Daily Chart

Technical Indicators

SHIB needs to hold above R1 and the $0.00000913 pivot to target the Second Major Resistance Level (R2) at $0.00000945. A return to $0.00000940 would signal a bullish afternoon session. However, SHIB will likely take its cues from the broader crypto market today.

In the case of an extended rally, SHIB would likely test resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00000977.

A fall through R1 and the pivot would bring the First Major Support Level (S1) at $0.00000894 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000890 and the Second Major Support Level (S2) at $0.00000881. The Third Major Support Level (S3) sits at $0.00000849.

SHIB resistance levels in play.
SHIBUSD 301122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 100-day EMA, currently at $0.00000930. This morning, the 50-day EMA narrowed on the 100-day EMA, while the 100-day EMA slipped back from the 200-day EMA. The signals were mixed.

A SHIB move through the 100-day EMA ($0.00000930) would support a run at R2 ($0.000000945) and $0.000000950. However, a fall through the 50-day EMA ($0.00000912) would bring S1 ($0.00000894) into view.

EMAs remain bearish.
DOGEUSD 301122 4 Hourly Chart

DOGE Bulls Target $0.11 as Investor Focus Returns to Twitter Plans

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) joined the broader market in the red on Monday, with DOGE seeing red for the second time in four sessions.
  • Sentiment towards DOGE integration onto the Twitter payment platform took a backseat, with riskier assets hitting reverse after the US Thanksgiving Holidays.
  • The technical indicators are mixed, with the DOGE EMAs signaling further price gains.

On Monday, dogecoin (DOGE) slid by 3.55%. Partially reversing a 10.67% rally from Sunday, DOGE ended the day at $0.0950. Notably, DOGE avoided sub-$0.0900 for the fourth consecutive session.

A mixed start to the day saw DOGE rise to an early high of $0.0996. Coming up short of the First Major Resistance Level (R1) at $0.01080, DOGE slid to a late afternoon low of $0.0907. However, steering clear of the First Major Support Level (S1) at $0.0888, DOGE found support to end the day at $0.0950.

Shiba inu coin (SHIB) fell by 2.05% on Monday. Partially reversing a 2.89% gain from Sunday, SHIB ended the day at $0.00000908.

Tracking DOGE, SHIB rose to an early high of $0.00000936. Falling short of the First Major Resistance Level (R1) at $0.00000960, SHIB slid to an early low of $0.00000877. SHIB briefly slipped through the First Major Support Level (S1) at $0.00000897 before wrapping up the day at $0.00000908.

Bearish sentiment stemming from protests across China weighed on riskier assets on Monday. The NASDAQ Composite Index sent DOGE and SHIB into the deep red. Despite news of BlockFi filing for bankruptcy, the pair found late support to limit the losses from the session.

This morning, investor focus returned to Twitter and the hope of Twitter integrating DOGE onto the payment platform.

On Sunday, Elon Musk delivered a DOGE breakout session that provided SHIB with much-needed price support. Musk posted a set of slides from a recent Twitter company talk on Sunday. A fourth slide, titled Payments, did not reveal which form of payments Twitter 2.0 will accept. However, investors took this as a cue for DOGE incorporation.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 6.32% to $0.1010. A bullish start to the day saw DOGE rally from an early low of $0.0936 to a high of $0.1032.

DOGE broke through the First Major Resistance Level (R1) at $0.0995.

DOGE on the move.
DOGEUSD 291122 Daily Chart

Technical Indicators

DOGE needs to hold above R1 and the $0.0951 pivot to retarget the Second Major Resistance Level (R2) at $0.1040 and last week’s high of $0.1079. A return to $0.1050 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at $0.11 and the Third Major Resistance Level (R3) at $0.1129.

A fall through R1 and the pivot ($0.0951) would bring the First Major Support Level (S1) at $0.0906 into play. Barring an extended sell-off, DOGE should avoid sub-$0.0900 and the Second Major Support Level (S2) at $0.0862. However, further signs of FTX contagion would bring sub-$0.0800 into view.

The Third Major Support Level (S3) sits at $0.0773.

DOGE resistance levels in play.
DOGEUSD 291122 Hourly Chart

The EMAs sent a bullish signal, with DOGE sitting above the 50-day EMA, currently at $0.0902. The 50-day EMA pulled away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA. The price signals were bullish.

A hold above S1 ($0.0906) and the 50-day EMA ($0.0902) would support a breakout from R2 ($0.1040) to target $0.11. However, a fall through S1 ($0.0906) and the EMAs would bring S2 ($0.0862) into view.

DOGE EMAs bullish.
DOGEUSD 291122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 0.99% to $0.00000917. A mixed start to the day saw SHIB fall to an early low of $0.00000899 before rising to a high of $0.00000927.

SHIB finds support.
SHIBUSD 291122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000907 pivot to target the First Major Resistance Level (R1) at $0.00000937. A return to $0.00000930 would signal a bullish afternoon session. However, SHIB will likely take its cues from the broader crypto market today.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000966. The Third Major Resistance Level (R3) sits at $0.00001025.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000878 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000850 and the Second Major Support Level (S2) at $0.00000848. The Third Major Support Level (S3) sits at $0.00000789.

SHIB resistance levels in play.
SHIBUSD 291122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 100-day EMA, currently at $0.00000932. This morning, the 50-day EMA flattened on the 100-day EMA, while the 100-day EMA fell back from the 200-day EMA. The signals were mixed.

A hold above the 50-day EMA ($0.00000911) would support a breakout from the 100-day EMA ($0.00000932) and R1 ($0.00000937) to target R2 ($0.00000966). However, a fall through the 50-day EMA ($0.00000911) would bring S1 ($0.00000878) into view.

EMAs bearish.
SHIBUSD 291122 4 Hourly Chart

DOGE and SHIB Slide as Sentiment Turns Bearish on China News

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) bucked the broader market trend on Saturday, with DOGE revisiting $0.10 in a breakout session.
  • Elon Musk was behind the DOGE breakout, with Musk raising hopes of DOGE inclusion for Twitter 2.0 payments.
  • The technical indicators are mixed, with the DOGE EMAs signaling further price gains.

On Sunday, dogecoin (DOGE) jumped by 10.67%. Reversing a 0.34% loss from Saturday, DOGE ended the week up 28.09% to $0.0985. Notably, DOGE revisited $0.10 for the first time since November 8.

A bullish morning saw DOGE rally from an early low of $0.0887 to a late morning high of $0.1079. DOGE broke through the First Major Resistance Level (R1) at $0.0939 and the Second Major Resistance Level (R2) at $0.0989. However, coming up against the Third Major Resistance Level (R3) at $0.1079, DOGE fell back to end the day at sub-$0.100.

Shiba inu coin (SHIB) rose by 2.89% on Sunday. Reversing a 1.85% loss from Saturday, SHIB ended the week up 5.58% to $0.00000927.

Tracking DOGE, SHIB rose from an early low of $0.00000899 to a late morning high of $0.00000962. SHIB broke through the First Major Resistance Level (R1) at $0.00000928 and the Second Major Resistance Level (R2) at $0.00000956. However, a bearish end to the day saw SHIB fall back through the Resistance Levels to end the day at $0.00000927.

Elon Musk delivered a DOGE breakout session that provided SHIB with much-needed price support.

Musk posted a set of slides from a recent Twitter company talk on Sunday. A fourth slide, titled Payments, did not reveal which form of payments Twitter 2.0 will accept. However, investors took this as a cue for DOGE incorporation.

The latest tweet followed reports of Elon Musk planning to upgrade DOGE with the help of Vitalik Buterin.

However, the pair were on the defensive this morning. News of protests in China over COVID-19 lockdown measures weighed on riskier assets.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 5.08% to $0.0935. A bearish start to the week saw DOGE rise to an early high of $0.0996 before sliding to a low of $0.0918.

DOGE on the slide.
DOGEUSD 281122 Daily Chart

Technical Indicators

DOGE needs to move through the $0.0984 pivot to target the First Major Resistance Level (R1) at $0.1080. A return to $0.10 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at $0.11 and the Second Major Resistance Level (R2) at $0.1176. The Third Major Resistance Level (R3) sits at $0.1368.

Failure to move through the pivot ($0.0984) would leave the First Major Support Level (S1) at $0.0888 in play. Barring an extended sell-off, DOGE should avoid sub-$0.0850 and the Second Major Support Level (S2) at $0.0792.

The Third Major Support Level (S3) sits at $0.0600.

DOGE support levels in play.
DOGEUSD 281122 Hourly Chart

The EMAs sent a bullish signal, with DOGE sitting above the 50-day EMA, currently at $0.0881. The 50-day EMA crossed through the 100-day EMA, with the 100-day EMA pulling away from the 200-day EMA. The price signals were bullish.

A hold above S1 ($0.0888) and the 50-day EMA ($0.0881) would support a run at R1 ($0.1080). However, a fall through S1 ($0.0888) and the EMAs would bring sub-$0.0800 and S2 ($0.0792) into view.

EMAs bullish.
DOGEUSD 281122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 4.75% to $0.00000883. A mixed start to the day saw SHIB rise to an early high of $0.00000936 before sliding to a low of $0.00000877.

SHIB fell through the First Major Support Level (S1) at $0.00000897.

SHIB in the red.
SHIBUSD 281122 Daily Chart

Technical Indicators

SHIB needs to move through S1 and the $0.00000929 pivot to target the First Major Resistance Level (R1) at $0.00000960 and the Sunday high of $0.00000962. A return to $0.00000950 would signal a bullish afternoon session. However, SHIB will likely take its cues from the broader crypto market today.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000992 and resistance at $0.0000100. The Third Major Resistance Level (R3) sits at $0.00001055.

Failure to move through S1 and the pivot would bring the Second Major Support Level (S2) at $0.00000866 into play. Barring an extended sell-off, SHIB should avoid sub-$0.00000850 and the Third Major Support Level (S3) at $0.00000803.

SHIB support levels in play.
SHIBUSD 281122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000911. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through S1 ($0.00000888) and the 50-day EMA ($0.00000911) would support a breakout from the 100-day EMA ($0.00000935) to target R1 ($0.00000960). However, failure to move through S1 and the 50-day EMA ($0.00000911) would leave S2 ($0.00000866) in view.

EMAs bearish.
SHIBUSD 281122 4 Hourly Chart

DOGE Bulls Target $0.100 on Elon Musk and Vitalik Buterin Chatter

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) bucked the broader market trend on Friday, with DOGE revisiting $0.0916 in a breakout session.
  • Elon Musk was behind the DOGE breakout, with reports of Musk planning to partner with Vitalik Buterin to upgrade DOGE the key driver.
  • The technical indicators are turning bullish, with the EMAs signaling further price gains.

On Friday, dogecoin (DOGE) rallied by 9.71%. Reversing a 0.49% loss from Thursday, DOGE ended the day at $0.0893. Notably, DOGE revisited $0.09 for the first time in nine sessions.

A mixed start to the day saw DOGE fall to an early low of $0.0806. Steering clear of the First Major Support Level (S1) at $0.0799, DOGE rallied to a late morning high of $0.0916. DOGE broke through the day’s Major Resistance Levels before falling back through the Third Major Resistance Level (R3) at $0.0894 to end the day at $0.0893.

Shiba inu coin (SHIB) rose by 1.89% on Friday. Reversing a 0.44% loss from Thursday, SHIB ended the day at $0.00000918.

A bearish start to the day saw SHIB fall to an early morning low of $0.00000885. Finding support at the First Major Support Level (S1) at $0.00000887, SHIB surged to a late morning high of $0.00000948. SHIB broke through the First Major Resistance Level (R1) at $0.00000917 and the Second Major Resistance Level (R2) at $0.00000934.

However, SHIB slid back to sub-$0.00000910 before a late move back through R1 to end the day at $0.00000918.

While the US Thanksgiving holidays left crypto trading volumes lower, Dogecoin news delivered a breakout DOGE session.

On Friday, reports of Elon Musk planning to upgrade DOGE with the help of Vitalik Buterin delivered support. David Gokhshtein fueled speculation of a Mush-Buterin collaboration, saying,

“I feel that we’ll all see Vitalik and Elon working together to somehow upgrade DOGE.”

Gokhshtein went on to say,

“They won’t work on Bitcoin – well because Vitalik tried that in the past and was kicked and Elon is interested in turning something that started off as a joke into something serious.”

Momentum from Friday spilled over to today’s session, with DOGE and SHIB on the move.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 5.04% to $0.0938. A bullish start to the day saw DOGE rise from an early low of $0.0890 to a high of $0.0955.

DOGE broke through the First Major Resistance Level (R1) at $0.0937.

DOGE on the move.
DOGEUSD 261122 Daily Chart

Technical Indicators

DOGE needs to avoid a fall through R1 and the $0.0872 pivot to retarget the Second Major Resistance Level (R2) at $0.0982. A return to $0.0940 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at $0.100. The Third Major Resistance Level (R3) sits at $0.1092.

A fall through R1 and the pivot ($0.0872) would bring the First Major Support Level (S1) at $0.0827 into play. Barring an extended sell-off, DOGE should avoid sub-$0.0800 and the Second Major Support Level (S2) at $0.0762. However, further signs of FTX contagion would bring sub-$0.0800 into view.

The Third Major Support Level (S3) sits at $0.0652.

DOGE resistance levels in play.
DOGEUSD 261122 Hourly Chart

The EMAs sent a bullish signal, with DOGE sitting above the 200-day EMA, currently at $0.0862. The 50-day EMA narrowed to the 100-day EMA, with the 100-day EMA closing in on the 200-day EMA. The price signals were bullish.

A bullish cross of the 100-day EMA through the 200-day EMA would support a breakout from R1 ($0.0937) to bring R2 ($0.0982) and $0.10 into play. However, a fall through the 200-day ($0.0862) and 100-day ($0.0859) EMAs would bring the 50-day EMA ($0.0834) into view.

EMAs turning bullish.
DOGEUSD 261122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 1.42% to $0.00000931. A bullish start to the day saw SHIB rise from an early low of $0.00000917 to a high of $0.00000937.

SHIB finds support.
SHIBUSD 261122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000917 pivot to target the First Major Resistance Level (R1) at $0.00000949. A return to $0.00000940 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000980 and resistance at $0.0000100. The Third Major Resistance Level (R3) sits at $0.00001043.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000886 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000880 and the Second Major Support Level (S2) at $0.00000854.

The Third Major Support Level (S3) sits at $0.00000791.

SHIB resistance levels in play.
SHIBUSD 261122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 100-day EMA, currently at $0.00000939. This morning, the 50-day EMA narrowed to the 100-day EMA, while the 100-day EMA eased back from the 200-day EMA. The signals were mixed.

A move through the 100-day EMA ($0.00000939) would support a breakout from R1 ($0.00000949) to give the bulls a run at R2 ($0.00000980) and the 200-day EMA ($0.0000993). However, a fall through the 50-day EMA ($0.00000905) would bring S1 ($0.00000886) into view.

EMAs bearish.
SHIBUSD 261122 4 Hourly Chart

 

DOGE Eyes a Return to $0.0840 to Take a Run at $0.09 with SHIB in Tow

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) ended the day in the red on Thursday.
  • While FTX contagion risk continued to ease, the US Thanksgiving holidays left the markets flat through the afternoon session.
  • However, the technical indicators remain bearish, with the EMAs signaling a possible pullback.

On Thursday, dogecoin (DOGE) fell by 0.49%. Partially reversing a 4.20% gain from Wednesday, DOGE ended the day at $0.0814. Notably, DOGE avoided ending the day at sub-$0.0800 for the second consecutive session.

A choppy start to the day saw DOGE rise to an early high of $0.0842. Coming up against the First Major Resistance Level (R1) at $0.0843, DOGE fell to a late morning low of $0.0805. However, steering clear of the First Major Support Level (S1) at $0.0785, DOGE revisited $0.0817 before easing back.

Shiba inu coin (SHIB) slipped by 0.44% on Thursday. Partially reversing a 2.72% gain from Wednesday, SHIB ended the day at $0.00000901.

Tracking the broader market, SHIB rose to an early high of $0.00000920. Coming up against the First Major Resistance Level (R1) at $0.00000919, SHIB fell to a late morning low of $0.00000890. However, steering clear of the First Major Support Level (S1) at $0.00000883, SHIB revisited $0.00000906 before falling back to end the day in the red.

Investor angst towards the collapse of FTX continued to ease on Thursday. Reports of debtors identifying more assets raised hopes of limiting the impact of the collapse on creditors.

However, lower trading volumes left DOGE and SHIB relatively flat through the afternoon session. There were no updates from Twitter on the crypto integration project to deliver a boost.

On Thursday, news of a Travala promotion with SHIB failed to support a bullish session. SHIB announce the promotion on Twitter, saying,

“We are excited to announce an exclusive special from our friends at Travala. Use SHIB Token to book Travel on Travala! Click this link bit.ly/3EAlFxu to get FREE $35 Travel Credit to use on 3M+ hotels, flights & activities.”

With the US Thanksgiving Holidays in full swing, a lack of FTX news could leave DOGE and SHIB range-bound for a second session.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 1.11% to $0.0823. A mixed start to the day saw DOGE fall to an early low of $0.0806 before rising to a high of $0.0833.

DOGE finds support.
DOGEUSD 251122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0820 pivot to retarget the First Major Resistance Level (R1) at $0.0836 and the Thursday high of $0.0842. A return to $0.0840 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0857. The Third Major Resistance Level (R3) sits at $0.0894.

A fall through the pivot ($0.0820) would bring the First Major Support Level (S1) at $0.0799 into play. Barring an extended sell-off, DOGE should avoid sub-$0.0790 and the Second Major Support Level (S2) at $0.0783. However, further signs of FTX contagion would bring sub-$0.0700 into view.

The Third Major Support Level (S3) sits at $0.0746.

DOGE resistance levels in play.
DOGEUSD 251122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting at the 50-day EMA, currently at $0.0820. The 50-day EMA flattened on the 200-day EMA, while the 100-day EMA pulled back from the 200-day EMA. The price signals were mixed.

A breakout from the 50-day EMA ($0.0820) would support a move through R1 ($0.0836) to bring the 100-day EMA ($0.0856) and R2 ($0.0857) into play. However, a fall through the 50-day EMA ($0.0820) would give the bears a run at S1 ($0.0799).

EMAs bearish.
DOGEUSD 251122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 0.78% to $0.00000894. A mixed start to the day saw SHIB rise to an early high of $0.00000904 before falling to a low of $0.00000885.

The First Major Support Level (S1) at $0.00000887 limited the downside early on.

SHIB under pressure.
SHIBUSD 251122 Daily Chart

Technical Indicators

SHIB needs to move through the $0.00000904 pivot to target the First Major Resistance Level (R1) at $0.00000917 and the Thursday high of $0.00000920. A return to $0.00000920 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000934 and resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00000964.

Failure to move through the pivot would leave the First Major Support Level (S1) at $0.00000887 in play. Barring another extended sell-off, SHIB should avoid sub-$0.00000880 and the Second Major Support Level (S2) at $0.00000874.

The Third Major Support Level (S3) sits at $0.00000844.

SHIB support levels in play below the pivot.
SHIBUSD 251122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000901. This morning, the 50-day EMA slipped back from the 100-day EMA, with the 100-day EMA falling back from the 200-day EMA. The signals were bearish.

A move through the 50-day EMA ($0.00000901) would support a breakout from R1 ($0.00000917) to give the bulls a run at R2 ($0.00000934) and the 100-day EMA ($0.0000942). However, failure to move through the 50-day EMA would leave S1 ($0.00000887) in view.

EMAs bearish.
SHIBUSD 251122 4 Hourly Chart

SHIB Targets $0.00000950 While DOGE Struggles to Revisit $0.0900

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) joined the broader crypto market in positive territory for a second consecutive session on Wednesday.
  • Improved sentiment towards FTX contagion risk and Fed monetary policy delivered DOGE and SHIB support.
  • However, the technical indicators remain bearish, with the EMAs signaling a possible pullback.

On Wednesday, dogecoin (DOGE) rose by 4.20%. Following a 5.23% rally on Tuesday, DOGE ended the day at $0.0818. Notably, DOGE avoided ending the day at sub-$0.0800 for the first time in four sessions.

A mixed start to the day saw DOGE fall to an early low of $0.0777. Steering clear of the First Major Support Level (S1) at $0.0744, DOGE rallied to an early high of $0.0835. DOGE broke through the First Major Resistance Level (R1) at $0.0911 before easing back.

However, a bullish afternoon saw DOGE break back through R1 to end the day at $0.0818.

Shiba inu coin (SHIB) rose by 2.72% on Wednesday. Following a 4.76% rally on Tuesday, SHIB ended the day at $0.00000905.

Tracking the broader market, SHIB fell to an early low of $0.00000874. Steering clear of the First Major Support Level (S1) at $0.00000838, SHIB rallied to an early high of $0.00000910. SHIB broke through the First Major Resistance Level (R1) at $0.00000904 before easing back to sub-$0.00000890.

However, a bullish end to the session saw SHIB break back through R1 to end the day at $0.00000905.

FTX contagion risk eased further on Wednesday, delivering DOGE, SHIB, and the broader market with support. Hopes of FTX assets limiting the impact on creditors continued to provide price support mid-week.

However, the FOMC meeting minutes also delivered support to riskier assets later in the day. The FOMC meeting minutes revealed members considering smaller rate hikes, supporting market bets of a December Fed pivot.

In response to the minutes, the probability of a 75-basis point December rate hike fell from 24.2% to 19.4%. The increased likelihood of a 50-basis point rate hike also delivered NASDAQ support. On Wednesday, the NASDAQ Composite Index rose by 0.99%.

FOMC meeting minutes deliver support.
DOGE – SHIB – NASDAQ – 241122

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 0.73% to $0.0824. A mixed start to the day saw DOGE fall to an early low of $0.0807 before rising to a high of $0.0842.

The First Major Resistance Level (R1) at $0.0843 capped the upside early on.

DOGE finds early support.
DOGEUSD 241122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0810 pivot to retarget the First Major Resistance Level (R1) at $0.0843. A move through the morning high of $0.0842 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0868 and $0.0900. The Third Major Resistance Level (R3) sits at $0.0926.

A fall through the pivot ($0.0810) would bring the First Major Support Level (S1) at $0.0785 into play. Barring an extended sell-off, DOGE should avoid sub-$0.0770 and the Second Major Support Level (S2) at $0.0752. However, further signs of FTX contagion would bring sub-$0.0700 into view.

The Third Major Support Level (S3) sits at $0.0694.

DOGE resistance levels in play above the pivot.
DOGEUSD 241122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting at the 50-day EMA, currently at $0.0821. The 50-day EMA flattened on the 200-day EMA, while the 100-day EMA pulled back from the 200-day EMA. The price signals were mixed.

A breakout from the 50-day EMA ($0.0821) would support a move through R1 ($0.0843) to bring the 100-day ($0.0861) and 200-day ($0.0864) EMAs into play. However, a fall through the 50-day EMA ($0.0821) would give the bears a run at S1 ($0.0785).

EMAs remain bearish.
DOGEUSD 241122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 0.66% to $0.00000911. A mixed start to the day saw SHIB fall to an early low of $0.00000898 before rising to a high of $0.00000920.

The First Major Resistance Level (R1) at $0.00000919 capped the upside early on.

SHIB makes an early move.
SHIBUSD 241122 Daily Chart

Technical Indicators

SHIB needs to avoid a fall through the $0.00000896 pivot to retarget the First Major Resistance Level (R1) at $0.00000919. A return to $0.00000920 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000932 and resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00000968.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000883 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000880 and the Second Major Support Level (S2) at $0.00000860.

The Third Major Support Level (S3) sits at $0.00000824.

SHIB resistance levels in play above the pivot.
SHIBUSD 241122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 100-day EMA, currently at $0.00000947. This morning, the 50-day EMA narrowed to the 100-day EMA, while the 100-day EMA fell back from the 200-day EMA. The signals were mixed.

A move through the R1 ($0.00000919) would give the bulls a run at R2 ($0.00000932) and the 100-day EMA ($0.0000947). However, a fall through the 50-day EMA would bring S1 ($0.00000883) into view.

EMAs bearish.
SHIBUSD 241122 4 Hourly Chart

DOGE Eyes a Return to $0.0850 to Target $0.090 on Easing FTX Contagion

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) ended two-day losing streaks on Tuesday.
  • Twitter updates took a back seat as FTX contagion risk abated on news of FTX cash holdings and interest in FTX assets.
  • However, the technical indicators remain bearish, with the EMAs signaling further downside.

On Tuesday, dogecoin (DOGE) rallied by 5.23%. Reversing a 2.99% loss from Monday, DOGE ended the day at $0.0785. Notably, DOGE ended the day at sub-$0.0800 for the third consecutive session.

DOGE fell to a mid-morning low of $0.0729. Steering clear of the First Major Support Level (S1) at $0.0715, DOGE rose to an early afternoon high of $0.0796. DOGE broke through the First Major Resistance Level (R1) at $0.0774 before easing back. However, a late rally saw DOGE move back through R1 to end the day at $0.0785.

Shiba inu coin (SHIB) rose by 4.76% on Tuesday. Reversing a 4.21% slide from Monday, SHIB ended the day at $0.00000881.

Tracking the broader market, SHIB fell to a mid-morning low of $0.00000817. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB rallied to an early afternoon high of $0.00000883. SHIB broke through the First Major Resistance Level (R1) at $0.00000873 to end the day at $0.00000881.

FTX contagion risk eased on Tuesday, delivering DOGE, SHIB, and the broader market with support. News updates on FTX assets showed a sizeable cash balance that would soften the impact of the FTX bankruptcy on creditors.

Reports of Tron’s Justin Sun and Ripple’s Brad Garlinghouse showing interest in FTX assets also provided support.

However, Twitter news remained DOGE negative. There was no update on Twitter resuming the crypto integration project that would drive DOGE adoption.

This morning, investor sentiment improved further, however. FTX contagion risk remains the key driver. Downside risks will linger until the Court reveals the identity of FTX’s creditors. On Tuesday, the Judge presiding over the FTX bankruptcy proceedings agreed to redact the identity of FTX creditors.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 2.93% to $0.0808. A bullish start to the day saw DOGE rise from an early low of $0.0777 to a high of $0.0810.

DOGE on the move.
DOGEUSD 231122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0770 pivot to retarget the First Major Resistance Level (R1) at $0.0811. A move through the morning high of $0.0810 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0837 and $0.0850. The Third Major Resistance Level (R3) sits at $0.0904.

A fall through the pivot ($0.0770) would bring the First Major Support Level (S1) at $0.0744 into play. Barring another extended sell-off, DOGE should avoid sub-$0.0700. The Second Major Support Level (S2) at $0.0703 should limit the downside. However, further signs of FTX contagion would bring sub-$0.0700 into view.

The Third Major Support Level (S3) sits at $0.0636.

DOGE resistance levels in play.
DOGEUSD 231122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 50-day EMA, currently at $0.0822. The 50-day EMA slid back from the 200-day EMA, with the 100-day EMA converging on the 200-day EMA. The price signals were bearish.

A move through R1 ($0.0811) and the 50-day EMA ($0.0822) would give the bulls a run at R2 ($0.0837) and $0.0850. However, failure to move through the 50-day EMA would leave DOGE under pressure. A bearish cross of the 100-day EMA through the 200-day EMA would give the bears a run at sub-$0.0700.

EMAs bearish.
DOGEUSD 231122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 1.70% to $0.00000896. A bullish start to the day saw SHIB rise from an early low of $0.00000874 to a high of $0.00000900.

SHIB finds support.
SHIBUSD 231122 Daily Chart

Technical Indicators

SHIB needs to avoid a fall through the $0.00000860 pivot to target the First Major Resistance Level (R1) at $0.00000904. A return to $0.00000900 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000926 and resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00000992.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000838 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000800 and the Second Major Support Level (S2) at $0.00000794.

The Third Major Support Level (S3) sits at $0.00000728.

SHIB resistance levels in play.
SHIBUSD 231122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000902. This morning, the 50-day EMA eased back from the 100-day EMA, with the 100-day EMA falling back from the 200-day EMA. The signals were bearish.

A move through the 50-day EMA ($0.00000902) would support a breakout from R1 ($0.00000904) to give the bulls a run at R2 ($0.00000926). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 231122 4 Hourly Chart

DOGE Risks a Return to Sub-$0.0700 on Twitter News and FTX Contagion

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) saw red for a second consecutive session on Monday.
  • FTX contagion risk spread on news of Genesis warning of a bankruptcy threat, with Twitter updates also weighing.
  • The technical indicators remain bearish, with the EMAs signaling further downside.

On Monday, dogecoin (DOGE) fell by 2.99%. Following a 9.10% slide on Sunday, DOGE ended the day at $0.0746. Notably, DOGE ended the day at sub-$0.0800 for the second time since November 9.

A choppy start to the day saw DOGE rise to a mid-morning high of $0.0772. Falling short of the First Major Resistance Level (R1) at $0.0829, DOGE slid to a late low of $0.0713. DOGE briefly fell through the First Major Support Level (S1) at $0.0736 before ending the day at $0.0746.

Shiba inu coin (SHIB) slid by 4.21% on Monday. Following a 3.83% loss on Sunday, SHIB ended the day at $0.00000841.

SHIB rose to an early morning high of $0.00000879. Coming up short of the First Major Resistance Level (R1) at $0.00000911, SHIB slid to a late low of $0.00000822. SHIB fell through the First Major Support Level (S1) at $0.00000855 and briefly through the Second Major Support Level (S2) at $0.00000833 before ending the day at sub-$0.00000841.

FTX contagion risk continued to weigh on investor sentiment. Following news of Genesis freezing withdrawals, news of Genesis delivering a bankruptcy warning sent DOGE and SHIB into the red.

No immediate signs of Twitter resumping the crypto integration program was also DOGE negative.

This morning, DOGE and SHIB found early support. However, barring DOGE-friendly Twitter and Elon Musk announcements, FTX contagion will threaten further losses.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 1.74% to $0.0759. A bullish start to the day saw DOGE rise from an early low of $0.0744 to a high of $0.0762.

DOGE finds early support.
DOGEUSD 221122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0744 pivot to target the First Major Resistance Level (R1) at $0.0774. A move through the Monday high of $0.0772 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0803. The Third Major Resistance Level (R3) sits at $0.0862.

A fall through the pivot ($0.0744) would bring the First Major Support Level (S1) at $0.0715 into play. However, barring another extended sell-off, DOGE should avoid sub-$0.0700 and the Second Major Support Level (S2) at $0.0685. Further signs of FTX contagion would bring sub-$0.0700 into view.

The Third Major Support Level (S3) sits at $0.0626.

DOGE resistance levels in play below the pivot.
DOGEUSD 221122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 50-day EMA, currently at $0.0835. The 50-day EMA slid back from the 200-day EMA, with the 100-day EMA converging on the 200-day EMA. The price signals were bearish.

A move through R1 ($0.0773) would give the bulls a run at R2 ($0.0803) and the 50-day EMA ($0.0835). However, failure to move through the 50-day EMA would leave DOGE under pressure. A bearish cross of the 100-day EMA through the 200-day EMA would give the bears a run at sub-$0.0700.

EMAs remain bearish.
DOGEUSD 221122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 0.71% to $0.00000847. A bullish start to the day saw SHIB rise from an early low of $0.00000839 to a high of $0.00000854.

SHIB finds early support.
SHIBUSD 221122 Daily Chart

Technical Indicators

SHIB needs to avoid a fall through the $0.00000847 pivot to target the First Major Resistance Level (R1) at $0.00000873 and the Monday high of $0.00000879. A return to $0.00000870 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000904. The Third Major Resistance Level (R3) sits at $0.00000961.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000816 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000800 and the Second Major Support Level (S2) at $0.00000790.

The Third Major Support Level (S3) sits at $0.00000733.

SHIB resistance levels in play above the pivot.
SHIBUSD 221122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000912. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000873) would give the bulls a run at R2 ($0.00000904) and the 50-day EMA ($0.00000912). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 221122 4 Hourly Chart

DOGE Bears Target a Return to Sub-$0.0700 on FTX Contagion

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) joined the broader crypto market in the red on Sunday.
  • FTX contagion sent the crypto market into the red, with the latest news overshadowing network updates.
  • The technical indicators remain bearish, with the EMAs signaling further downside.

On Sunday, dogecoin (DOGE) slid by 9.10%. After ending the day flat on Saturday, DOGE ended the week down 9.32% to $0.0769. Notably, DOGE ended the day at sub-$0.0800 for the first time since November 9.

A bullish start to the day saw DOGE rise to an early morning high of $0.0857. Coming up against the First Major Resistance Level (R1) at $0.0854, DOGE slid to a late low of $0.0764. DOGE slid through the day’s Major Support Levels to end the session at sub-$0.0800.

Shiba inu coin (SHIB) fell by 3.83% on Sunday. Reversing a 0.44% gain from Saturday, SHIB ended the week down 2.55% to $0.00000878.

Tracking the broader market, SHIB rose to an early morning high of $0.00000922. Coming up short of the First Major Resistance Level (R1) at $0.00000926, SHIB slid to a late low of $0.00000866. SHIB fell through the First Major Support Level (S1) at $0.00000897 and the Second Major Support Level (S2) at $0.00000881 to end the day at sub-$0.00000880.

Network and Twitter news updates provided little price support, with contagion fear hitting investor sentiment.

FTX news updates reignited contagion fear following reports of FTX owing its top 50 creditors close to $3.1 billion. Alarmingly FTX owes $1.45 billion to the top ten creditors. The numbers raised the chances of more FTX-fueled bankruptcies.

DOGE saw sizeable losses, with uncertainty over Twitter and its crypto integration plans weighing.

However, SHIB updates provided a price cushion. Over the weekend, Shiba Inu News discussed a partnership between SHIB and Amazon Inc. (AMZN). Shiba Inu News said,

“BREAKING: A massive partnership between SHIB and Amazon is being worked on. It could happen as soon as December 1 if negotiations continue to go well.”

Shiba Inu News added,

“We’ll have more on the story soon. We were FIRST to break when Robinhood (HOOD) was listing SHIB.”

In a second tweet, Shiba Inu News said,

“MORE UPDATES: Our insider at Amazon is on their leadership team. They’ve been meeting internally since Q4 began. Oftentimes, crypto is a big topic of discussion. They’ve been impressed with the growth of SHIB and the total holders worldwide. Expect a partnership in Q1 2023.”

For today, barring news of Twitter resuming its crypto integration plans, FTX contagion will remain the focal point. The weekend news of FTX’s exposure to creditors will likely leave investors anxious until the identities of the creditors are available.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 2.21% to $0.0752. A bearish start to the day saw DOGE fall from an early high of $0.0771 to a low of $0.0735.

The First Major Support Level (S1) at $0.0736 limited the downside.

DOGE on the back foot.
DOGEUSD 211122 Daily Chart

Technical Indicators

DOGE needs to move through the $0.0797 pivot to target the First Major Resistance Level (R1) at $0.0829 and the Sunday high of $0.0857. A return to $0.0800 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0890 and $0.0900. The Third Major Resistance Level (R3) sits at $0.0983.

Failure to move through the pivot ($0.0797) would leave the First Major Support Level (S1) at $0.0736 in play. However, barring another extended sell-off, DOGE should avoid sub-$0.0700. The Second Major Support Level (S2) at $0.0704 should limit the downside.

The Third Major Support Level (S3) sits at $0.0611.

DOGE support levels in play.
DOGEUSD 211122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 50-day EMA, currently at $0.0857. The 50-day EMA slid back from the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through R1 ($0.0829) would give the bulls a run at the 50-day EMA ($0.0857) and R2 ($0.0890). However, failure to move through the 50-day EMA would leave DOGE under pressure.

EMAs bearish.
DOGEUSD 211122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 2.28% to $0.00000858. A bearish start to the day saw SHIB fall from an early high of $0.00000879 to a low of $0.00000841.

SHIB fell through the First Major Support Level (S1) at $0.00000855 before finding support.

SHIB sees early red.
SHIBUSD 211122 Daily Chart

Technical Indicators

SHIB needs to move through the $0.00000889 pivot to target the First Major Resistance Level (R1) at $0.00000911 and the Sunday high of $0.00000922. A return to $0.00000920 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In the case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000945 and resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00001001.

Failure to move through the pivot would leave the First Major Support Level (S1) at $0.00000855 in play. Barring another extended sell-off, SHIB should avoid sub-$0.00000800. The Second Major Support Level (S2) at $0.00000833 should limit the downside.

The Third Major Support Level (S3) sits at $0.00000777.

SHIB support levels in play.
SHIBUSD 211122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000928. This morning, the 50-day EMA slid back from the 100-day EMA, with the 100-day EMA falling back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000911) would give the bulls a run at the 50-day EMA ($0.00000928) and R2 ($0.00000945). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 211122 4 Hourly Chart

DOGE Struggles Continue with a Return to $0.10 in Twitter’s Hands

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) had mixed fortunes on Friday, with DOGE falling for a third consecutive session.
  • Elon Musk and Twitter news updates weighed on DOGE, while SHIB found support from the broader crypto market.
  • However the technical indicators remain bearish, with the EMAs signaling further downside.

On Friday, dogecoin (DOGE) fell by 0.12%. Following a 1.05% loss on Thursday, DOGE ended the day at $0.0846. Notably, DOGE fell short of $0.090 for the third time in four sessions.

A bullish start to the day saw DOGE rise to an early morning high of $0.0869. Coming up short of the First Major Resistance Level (R1) at $0.0871, DOGE slid to a late afternoon low of $0.0836. However, steering clear of the First Major Support Level (S1) at $0.0823, DOGE revisited $0.0847 before falling back into negative territory.

Shiba inu coin (SHIB) rose by 0.44% on Friday. Partially reversing a 0.88% loss from Thursday, SHIB ended the day at $0.00000909.

Tracking the broader market, SHIB rose to an early morning high of $0.00000924. SHIB broke through the First Major Resistance Level (R1) at $0.00000921 before falling to a late afternoon low of $0.00000897. However, steering clear of the First Major Support Level (S1) at $0.00000889, SHIB revisited $0.00000910 before easing back.

Twitter news and a lack of progress toward crypto integration continued to weigh on DOGE. News of mass resignations was also DOGE negative. Elon Musk recently warned staff that bankruptcy was not out of the question.

The mass resignations came in response to Elon Musk reportedly giving ultimatums to do extremely hardcore work or get out.

While the current news is DOGE negative, completing the restructuring would likely allow Twitter to resume the crypto integration project, which would be DOGE positive.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 0.47% to $0.0842. A bearish start to the day saw DOGE fall from an early high of $0.0848 to a low of $0.0841.

DOGE on the back foot.
DOGEUSD 191122 Daily Chart

Technical Indicators

DOGE needs to move through the $0.0850 pivot to target the First Major Resistance Level (R1) at $0.0865 and the Friday high of $0.0869. A return to $0.0870 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0883 and $0.0900. The Third Major Resistance Level (R3) sits at $0.0916.

Failure to move through the pivot ($0.0850) would leave the First Major Support Level (S1) at $0.0832 in play. However, barring another extended sell-off, DOGE should avoid sub-$0.0800. The Second Major Support Level (S2) at $0.0817 should limit the downside.

The Third Major Support Level (S3) sits at $0.0784.

DOGE support levels in play.
DOGEUSD 191122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 50-day EMA, currently at $0.0881. The 50-day EMA pulled back from the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through R1 ($0.0865) would give the bulls a run at the 50-day EMA ($0.0881) and R2 ($0.0883). However, failure to move through the 50-day EMA would leave DOGE under pressure.

EMAs remain bearish.
DOGEUSD 191122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was flat at $0.00000909. A mixed start to the day saw SHIB fall to an early low of $0.00000907 before recovering.

SHIB holds steady.
SHIBUSD 191122 Daily Chart

Technical Indicators

SHIB needs to move through the $0.00000910 pivot to target the First Major Resistance Level (R1) at $0.00000923 and the Friday high of $0.00000924. A return to $0.00000925 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000937 and resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00000964.

Failure to move through the pivot would leave the First Major Support Level (S1) at $0.00000896 in play. Barring another extended sell-off, SHIB should avoid sub-$0.00000885 and the Second Major Support Level (S2) at $0.00000883.

The Third Major Support Level (S3) sits at $0.00000856.

SHIB support levels in play below the pivot.
SHIBUSD 191122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000946. This morning, the 50-day EMA slid back from the 100-day EMA, with the 100-day EMA falling back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000923) would give the bulls a run at R2 ($0.00000937) and the 50-day EMA ($0.00000946). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 191122 4 Hourly Chart

DOGE and SHIB Find Early Support with DOGE Eying a Return to $0.090

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) saw red for a second consecutive day on Thursday.
  • Contagion fear gripped DOGE and SHIB, with hawkish Fed chatter adding to the bearish mood.
  • The technical indicators remain bearish, with the EMAs signaling further downside.

On Thursday, dogecoin (DOGE) fell by 1.05%. Following a 1.72% loss from Wednesday, DOGE ended the day at $0.0847. Notably, DOGE fell short of $0.090 for the second time in three sessions.

A bullish start to the day saw DOGE rise to an early morning high of $0.0871. Coming up short of the First Major Resistance Level (R1) at $0.0901, DOGE slid to an early afternoon low of $0.0823. However, finding support at the First Major Support Level (S1) at $0.0822, DOGE revisited $0.0860 before falling back into negative territory.

Shiba inu coin (SHIB) slipped by 0.88% on Thursday. Following a 1.19% loss on Wednesday, SHIB ended the day at $0.00000905.

Tracking the broader market, SHIB rose to an early morning high of $0.00000922. Coming up short of the First Major Resistance Level (R1) at $0.00000953, SHIB fell to a low of $0.00000890. However, steering clear of the First Major Support Level (S1) at $0.00000885, SHIB revisited $0.00000914 before falling back into the red.

News of Elon Musk looking for a Twitter leadership change tested buyer appetite for DOGE and SHIB. A change in leadership would raise questions over the integration of DOGE and the anticipated surge in DOGE adoption.

Adding to the bearish sentiment was hawkish Fed chatter and contagion from the collapse of FTX.

This morning, bullish sentiment from across the broader market delivered early support. However, DOGE and SHIB remain at risk of a reversal. Contagion risk and uncertainty over Twitter and crypto integration plans remain headwinds.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 1.77% to $0.0862. A mixed start to the day saw DOGE fall to an early low of $0.0844 before rising to a high of $0.0868.

DOGE finds support.
DOGEUSD 181122 Daily Chart

Technical Indicators

DOGE needs to avoid a fall through the $0.0847 pivot to target the First Major Resistance Level (R1) at $0.0871 and the Wednesday high of $0.0871. A return to $0.0870 would signal a bullish afternoon session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0895 and $0.0900. The Third Major Resistance Level (R3) sits at $0.0943.

A fall through the pivot ($0.0847) would bring the First Major Support Level (S1) at $0.0823 into play. However, barring another extended sell-off, DOGE should avoid sub-$0.0800 and the Second Major Support Level (S2) at $0.0799.

The Third Major Support Level (S3) sits at $0.0751.

DOGE resistance levels in play.
DOGEUSD 181122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.0890. The 50-day EMA converged on the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A bearish cross of the 50-day EMA through the 200-day EMA would give the bears a run at S1 ($0.0823) to bring sub-$0.0800 into view. However, a move through the 200-day EMA ($0.0890) and 50-day EMA ($0.0891) would support a breakout from R1 ($0.0871) to target R2 ($0.0895).

EMAs remain bearish.
DOGEUSD 181122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 1.44% to $0.00000918. A bullish start to the day saw SHIB rise from an early low of $0.00000904 to a high of $0.00000924.

SHIB broke through the First Major Resistance Level (R1) at $0.00000921 before easing back.

SHIB finds support.
SHIBUSD 181122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000906 pivot to retarget the First Major Resistance Level (R1) at $0.00000921 and the morning high of $0.00000924. A return to $0.00000925 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000938 and resistance at $0.00000950. The Third Major Resistance Level (R3) sits at $0.00000970.

A fall through the pivot would bring the First Major Support Level (S1) at $0.000008859 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000880 and the Second Major Support Level (S2) at $0.00000874.

The Third Major Support Level (S3) sits at $0.00000842.

SHIB resistance levels in play.
SHIBUSD 181122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000956. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000921) would give the bulls a run at R2 ($0.00000938) and the 50-day EMA ($0.00000956). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 181122 4 Hourly Chart

DOGE Bulls to Target $0.0950 as SHIB Eyes a Return to $0.000010

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) saw a two-day winning streak end on Wednesday.
  • While updates on the Binance recovery fund cushioned the fall, news of Genesis freezing redemptions weighed.
  • The technical indicators remain bearish, with the EMAs signaling further downside.

On Wednesday, dogecoin (DOGE) fell by 1.72%. Reversing a 1.52% gain from Tuesday, DOGE ended the day at $0.0856. Notably, DOGE ended the day at sub-$0.10 for the ninth consecutive session.

A bullish start to the day saw DOGE rise to a mid-morning high of $0.0911. DOGE broke through the First Major Resistance Level (R1) at $0.0894 before sliding to a low of $0.0832. DOGE briefly fell through the First Major Support Level (S1) at $0.0847 before wrapping up the day at $0.0856.

Shiba inu coin (SHIB) fell by 1.19% on Wednesday. Partially reversing a 1.76% gain from Tuesday, SHIB ended the day at $0.00000913.

Tracking the broader market, SHIB rose to a mid-morning high of $0.00000965. SHIB broke through the First Major Resistance Level (R1) at $0.00000954 before sliding to a low of $0.00000897. Testing support at the First Major Support Level (S1) at $0.00000896, SHIB found late support to wrap up the day at $0.00000913.

SHIB news failed to provide price support. On Wednesday, Travala.com announced that it would accept SHIB for The Palm bookings, saying,

“Hey SHIB Army, check out the W Hotels Dubai – The Palm. Book this 5-star luxury hotel on Travala with SHIB and enjoy the private beach with views of the city skyline and the Arabian Gulf.”

News of Genesis Trading suspending redemptions and new loan originations reignited contagion fear, sending DOGE and SHIB into the red.

There were no Dogecoin network updates to distract investors, with Elon Musk and Twitter news providing little support.

For the day ahead, updates on Twitter, the Binance recovery fund, and contagion news will likely remain areas of interest.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 1.17% to $0.0866. A mixed start to the day saw DOGE fall to an early low of $0.0853 before rising to a high of $0.0871.

DOGE finds early support.
DOGEUSD 171122 Daily Chart

Technical Indicators

DOGE needs to avoid a fall through the $0.0866 pivot to target the First Major Resistance Level (R1) at $0.0901 and the Wednesday high of $0.0911. A return to $0.0900 would signal a bullish afternoon session.

However, US economic indicators and the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0945 and $0.0950. The Third Major Resistance Level (R3) sits at $0.1024.

A fall through the pivot ($0.0866) would bring the First Major Support Level (S1) at $0.0822 into play. However, barring another extended sell-off, DOGE should avoid sub-$0.0800 and the Second Major Support Level (S2) at $0.0787.

The Third Major Support Level (S3) sits at $0.0708.

DOGE resistance levels in play above the pivot.
DOGEUSD 171122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.0893. The 50-day EMA converged on the 200-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through the 200-day EMA ($0.0893) would bring R1 ($0.0901) and the 50-day EMA ($0.0902) into play. However, failure to move through the 200-day EMA ($0.0893) would bring S1 ($0.0822) into view. A bearish cross of the 50-day EMA through the 200-day would increase selling pressure and give the bears a look at sub-$0.0800.

EMAs bearish.
DOGEUSD 171122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 0.44% to $0.00000917. A mixed start to the day saw SHIB fall to an early low of $0.00000911 before rising to a high of $0.00000920.

SHIB finds early support.
SHIBUSD 171122 Daily Chart

Technical Indicators

SHIB needs to move through the $0.00000925 pivot to target the First Major Resistance Level (R1) at $0.00000953 and the Wednesday high of $0.00000965. A return to $0.00000950 would signal a bullish afternoon session. However, any further contagion news would test buyer appetite.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000993 and resistance at $0.0000100. The Third Major Resistance Level (R3) sits at $0.00001061.

Failure to move through the pivot would leave the First Major Support Level (S1) at $0.00000885 in play. Barring another extended sell-off, SHIB should avoid sub-$0.00000880 and the Second Major Support Level (S2) at $0.00000857.

The Third Major Support Level (S3) sits at $0.00000789.

SHIB support levels in play below the pivot.
SHIBUSD 171122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000969. This morning, the 50-day EMA slid back from the 100-day EMA, with the 100-day EMA falling back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000953) would give the bulls a run at the 50-day EMA ($0.00000969) and R2 ($0.00000993). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs remain bearish.
SHIBUSD 171122 4 Hourly Chart

DOGE to Target a Return to $0.090 on US Stats and NASDAQ Index Moves

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) rose for a second consecutive session on Tuesday, the longest min- break since November 1.
  • Investor sentiment continued to improve following the launch of the Binance recovery fund, with US economic indicators also providing a boost.
  • However, the technical indicators remain bearish, with the EMAs signaling further downside.

On Tuesday, dogecoin (DOGE) rose by 1.52%. Following a 1.18% gain from Monday, DOGE ended the day at $0.0871. Notably, DOGE ended the day at sub-$0.10 for the eighth consecutive session.

A mixed start to the day saw DOGE fall to an early morning low of $0.0847. Steering clear of the First Major Support Level (S1) at $0.0796, DOGE rose to a mid-afternoon high of $0.0894. However, falling short of the First Major Resistance Level (R1) at $0.0917, DOGE eased back to end the day at $0.0871.

Shiba inu coin (SHIB) rose by 1.76% on Tuesday. Following a 0.78% gain on Monday, SHIB ended the day at $0.00000924.

Tracking the broader market, SHIB fell to an early morning low of $0.00000989. Steering clear of the First Major Support Level (S1) at $0.00000861, SHIB rose to a mid-afternoon high of $0.00000956. SHIB broke through the First Major Resistance Level (R1) at $0.00000947 before a pullback to end the day at $0.00000924.

Following the Binance recovery fund launch, contagion fear continued to ease through the morning. US economic indicators provided further support in the early afternoon. Softer US wholesale inflation figures fueled bets of a December Fed pivot, supporting the NASDAQ Composite Index and the crypto market.

However, increased concerns over Twitter’s future limited the upside for the meme coins. Last week, Elon Musk warned that he could not rule out bankruptcy. Key staff have left, and Musk postponed Tuesday’s Twitter relaunch to November 29.

Concerns over content have led to numerous advertisers suspending business with Twitter. Ads reportedly contribute circa 90% of Twitter’s revenue. The sharp decline in revenue reduces the likelihood of a sharp increase in DOGE adoption.

News of FTX-linked Liquid freezing withdrawals added to the bearish mood later in the day. However, with the Binance recovery fund in place, DOGE and SHIB avoided negative territory.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 0.57% to $0.0876. A mixed start to the day saw DOGE fall to an early low of $0.0860 before rising to a high of $0.0881.

DOGE finds support.
DOGEUSD 161122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0871 pivot to target the First Major Resistance Level (R1) at $0.0894 and the Tuesday high of $0.0894. A return to $0.0900 would signal a bullish afternoon session. However, US economic indicators and the crypto news wires need to be crypto-friendly to support a breakout session.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0918 and $0.0950. The Third Major Resistance Level (R3) sits at $0.0965.

A fall through the pivot ($0.0871) would bring the First Major Support Level (S1) at $0.0847 into play. However, barring an extended sell-off, DOGE should avoid the Second Major Support Level (S2) at $0.0824.

The Third Major Support Level (S3) sits at $0.0777.

DOGE resistance levels in play above the pivot.
DOGEUSD 161122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.0894. The 50-day EMA pulled back from the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through the 200-day EMA ($0.0894) and R1 ($0.0894) would bring the 50-day EMA ($0.0913) and R2 ($0.0918) into play. However, failure to move through the 200-day EMA ($0.0894) and R1 would bring S1 ($0.0847) into view.

EMAs bearish.
DOGEUSD 161122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 1.08% to $0.00000934. A mixed start to the day saw SHIB fall to an early low of $0.00000916 before rising to a high of $0.00000938.

SHIB on the move.
SHIBUSD 161122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000926 pivot to target the First Major Resistance Level (R1) at $0.00000954 and the Tuesday high of $0.00000956. A return to $0.00000950 would signal a bullish afternoon session. However, any contagion news would test buyer appetite.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000984 and resistance at $0.0000100. The Third Major Resistance Level (R3) sits at $0.00001042.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000896 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000890 and the Second Major Support Level (S2) at $0.00000868.

The Third Major Support Level (S3) sits at $0.00000810.

SHIB resistance levels in play above the pivot.
SHIBUSD 161122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000980. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000954) would give the bulls a run at the 50-day EMA ($0.00000980) and R2 ($0.00000984). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 161122 4 Hourly Chart

DOGE Targets $0.0950 off Binance Support While Contagion Risk Lingers

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) enjoyed a bullish start to the week, though the gains were modest.
  • News of Binance launching a crypto recovery fund eased contagion fear.
  • However, the technical indicators remain bearish, with the EMAs signaling further losses.

On Monday, dogecoin (DOGE) rose by 1.18%. Partially reversing a 3.53% fall from Sunday, DOGE ended the day at $0.0858. Notably, DOGE ended the day at sub-$0.10 for the seventh consecutive session.

A bearish start to the day saw DOGE slide to an early morning low of $0.0792. DOGE fell through the First Major Support Level (S1) at $0.0813 before rallying to an early afternoon high of $0.0913. DOGE broke through the First Major Resistance Level (R1) at $0.0899 before falling back to end the day at sub-$0.0900.

Shiba inu coin (SHIB) rose by 0.78% on Monday. Partially reversing a 5.65% slide from Sunday, SHIB ended the day at $0.00000908.

Tracking the broader market, SHIB fell to an early morning low of $0.00000854. SHIB fell through the First Major Support Level (S1) at $0.00000867 before rising to an early afternoon high of $0.00000940. However, falling short of the First Major Resistance Level (R1) at $0.00000954, SHIB slipped back to sub-$0.0000090 before ending the day at $0.00000908.

Through the early part of the Monday session, FTX news and contagion risk weighed on investor appetite. However, news of Binance launching a crypto recovery fund provided market relief.

The crypto market responded strongly to the news before easing back from day highs, with the crypto market cap surging by $46 billion following the Binance announcement.

Binance delivers market support.
Binance – Crypto Market Cap Hourly – 151122

While the Binance announcement delivered support, uncertainty over the future of Twitter capped the upside for DOGE and SHIB. Despite the uncertainty of Twitter and DOGE’s integration, interest in DOGE has recovered.

According to CoinMarketCap, the number of DOGE wallets has rebounded since an FTX-fueled slump on November 5. This morning, the total number of unique addresses stood at 4,449,753.

DOGE wallet addresses.
DOGE Holders 151122

A further upswing in wallet holders would be DOGE positive.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 1.98% to $0.0875. A mixed morning saw DOGE fall to a low of $0.0847 before rising to a high of $0.0879.

DOGE finds support.
DOGEUSD 151122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0854 pivot to target the First Major Resistance Level (R1) at $0.0917. A return to $0.0910 would signal a bullish afternoon session. However, Binance will need to deliver more details on the recovery fund to support an extended rally.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0975. The Third Major Resistance Level (R3) sits at $0.1096.

A fall through the pivot ($0.0854) would bring the First Major Support Level (S1) at $0.0796 into play. However, barring another extended sell-off, DOGE should avoid sub-$0.0750 and the Second Major Support Level (S2) at $0.0733.

The Third Major Support Level (S3) sits at $0.0612.

DOGE resistance levels in play.
DOGEUSD 151122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.0896. The 50-day EMA pulled back from the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through the 200-day EMA ($0.0896) would bring R1 ($0.0917) and the 50-day EMA ($0.0923) into play. However, failure to move through the 200-day EMA ($0.0896) would bring S1 ($0.0796) into view.

EMAs bearish.
DOGEUSD 151122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 1.21% to $0.00000919. A mixed start to the day saw SHIB fall to an early low of $0.00000898 before rising to a high of $0.00000921.

SHIB on the move.
SHIBUSD 151122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000901 pivot to target the First Major Resistance Level (R1) at $0.00000947. A move through the Monday high of $0.00000940 would signal a bullish afternoon session. However, any contagion news would reverse any gains.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00000987 and resistance at $0.0000100. The Third Major Resistance Level (R3) sits at $0.00001073.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000861 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000850 and the Second Major Support Level (S2) at $0.00000815.

The Third Major Support Level (S3) sits at $0.00000729.

SHIB resistance levels in play.
SHIBUSD 151122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00000995. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000947) would give the bulls a run at R2 ($0.00000987) and the 50-day EMA ($0.00000995). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 151122 4 Hourly Chart

DOGE Eyes Return to $0.0950 in Response to Binance Announcement

Key Insights:

  • Dogecoin (DOGE) rejoined the broader crypto market in the red on Sunday, with shiba inu coin (SHIB) falling for the eighth day in nine.
  • The bearish sentiment continued this morning before news of Binance launching a crypto recovery fund delivered much-needed support.
  • However, the technical indicators remain bearish, with the EMAs signaling further losses.

On Sunday, dogecoin (DOGE) fell by 3.53%. Reversing a 3.66% gain from Saturday, DOGE ended the week down 26.1% to $0.0848. Notably, DOGE ended the day at sub-$0.10 for the sixth consecutive session.

A bullish start to the day saw DOGE rise to an early high of $0.0914. Falling short of the First Major Resistance Level (R1) at $0.0957, DOGE slid to a low of $0.0828. However, steering clear of the First Major Support Level (S1) at $0.0792, DOGE wrapped up the day at $0.0848.

Shiba inu coin (SHIB) slid by 5.65% on Sunday. Following a 3.24% loss on Saturday, SHIB ended the week down 23.8% to $0.00000901.

Tracking the broader market, SHIB rose to an early high of $0.00000974. Coming up short of the First Major Resistance Level (R1) at $0.00000990, SHIB slid to a low of $0.00000887. SHIB fell through the First Major Support Level (S1) at $0.00000923 and briefly through the Second Major Support Level (S2) at $0.00000890 before ending the day at $0.00000901.

Elon Musk failed to deliver DOGE support for a second consecutive session, leaving DOGE and SHIB in the hands of the broader crypto market.

Musk delivered a DOGE boost on Saturday before the downward trend resumed on Sunday.

Crypto market conditions remained bearish this morning until Binance announced the launch of a crypto recovery fund.

Binance CEO CZ announced the launch of an industry recovery fund. CZ said,

“To reduce further cascading negative effects from FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance labs if you think you qualify,”

CZ added,

“Also welcome other industry players with cash who wants to co-invest. Crypto is not going away. We are still here. Let’s rebuild.”

The crypto market responded favorably to the announcement, jumping by $46.8 billion in response to the news. A bearish morning had seen the crypto market tumble to a low of $757.9 billion before hitting a high of $804.7 billion.

While FTX and contagion news will continue to influence, the details of the Binance recovery fund will be the key to a breakout session.

Crypto market finds Binance support.
Binance – Crypto Market Cap Hourly – 141122

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 2.12% to $0.0866. A mixed morning saw DOGE fall to a low of $0.0792 before rising to a high of $0.0886.

DOGE in recovery.
DOGEUSD 141122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0863 pivot to target the First Major Resistance Level (R1) at $0.0899 and the Sunday high of $0.0914. A return to $0.0900 would signal a bullish afternoon session. However, Binance will need to deliver more details on the recovery fund to support an extended rally.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.0949. The Third Major Resistance Level (R3) sits at $0.1035.

A fall through the pivot ($0.0863) would bring the First Major Support Level (S1) at $0.0813 back into play. However, barring another extended sell-off, DOGE should avoid sub-$0.0780 and the Second Major Support Level (S2) at $0.0777.

The Third Major Support Level (S3) sits at $0.0691.

DOGE resistance levels in play.
DOGEUSD 141122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.0897. The 50-day EMA pulled back from the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through the 200-day EMA ($0.0897) and R1 ($0.0899) would bring the 50-day EMA ($0.0936) and R2 ($0.0949) into play. However, failure to move through the 200-day EMA ($0.0897) would bring S1 ($0.0813) into view.

EMAs bearish.
DOGEUSD 141122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 2.22% to $0.00000921. A mixed start to the day saw SHIB fall to an early low of $0.00000854 before rising to a high of $0.00000937.

SHIB on the move.
SHIBUSD 141122 Daily Chart

Technical Indicators

SHIB needs to avoid a fall through the $0.00000921 pivot to target the First Major Resistance Level (R1) at $0.00000954 and the Sunday high of $0.00000974. A return to $0.00000950 would signal a bullish afternoon session.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00001008. The Third Major Resistance Level (R3) sits at $0.00001095.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000867 back into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000850 and the Second Major Support Level (S2) at $0.00000834.

The Third Major Support Level (S3) sits at $0.00000747.

SHIB resistance levels in play.
SHIBUSD 141122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00001014. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000954) would give the bulls a run at R2 ($0.00001008) and the 50-day EMA ($0.00001014). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 141122 4 Hourly Chart

DOGE Targets a Return to $0.10 on Elon Musk Plug and Twitter Plans

Key Insights:

  • Dogecoin (DOGE) bucked the broader market trend on Saturday, while shiba inu coin (SHIB) fell for the seventh time in eight sessions.
  • News of an FTX hack left SHIB in the red, while an Elon Musk plug delivered a bullish DOGE session.
  • However, the technical indicators remain bearish, with the EMAs signaling further losses.

On Saturday, dogecoin (DOGE) rose by 3.66%. Partially reversing a 5.25% loss from Friday, DOGE ended the day at $0.08790. Notably, DOGE ended the day at sub-$0.10 for the fifth consecutive session.

A bearish start to the day saw DOGE fall to a mid-morning low of $0.0783. Finding support at the First Major Support Level (S1) at $0.0786, DOGE rallied to a late morning high of $0.0948. DOGE briefly broke through the First Major Resistance Level (R1) at $0.0921 before ending the day at sub-$0.0900.

Shiba inu coin (SHIB) fell by 3.24% on Saturday. Following a 3.14% loss on Friday, SHIB ended the day at $0.00000955.

A bearish start to the day saw SHIB fall to a mid-morning low of $0.00000925. SHIB fell through the First Major Support Level (S1) at $0.00000935 before rising to a late morning high of $0.00000992. However, falling short of the First Major Resistance Level (R1) at $0.00001042, SHIB slipped back to end the day at $0.00000955.

Elon Musk delivered a DOGE boost on Saturday. Discussing the FTX collapse on Twitter Space, Musk plugged dogecoin, “DOGE to the Moon.”

Twitter (TWTR) remains the key price driver for DOGE. Investors anticipate the resumption of the crypto integration plan, which would bring DOGE on board and drive adoption.

Earlier this month, Twitter paused crypto integration plans, sending DOGE tumbling ahead of the FTX collapse, but a resumption is likely, which has cushioned the downside.

While DOGE found support, SHIB saw yet more losses. FTX news updates continued to pressure SHIB and the broader crypto market. On Saturday, news hit the wires of an FTX hack, with FTX affirming unauthorized account activity.

Today, FTX remains the focal point, with contagion news likely to put DOGE and SHIB under selling pressure.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was up 1.02% to $0.0888.

DOGE holds steady.
DOGEUSD 131122 Daily Chart

Technical Indicators

DOGE needs to avoid the $0.0870 pivot to target the First Major Resistance Level (R1) at $0.0957. A move through the Saturday high of $0.0948 would signal a possible breakout. However, FTX updates need to be crypto-friendly to support a return to $0.09.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.1035. The Third Major Resistance Level (R3) sits at $0.1200.

A fall through the pivot ($0.0870) would bring the First Major Support Level (S1) at $0.0792 into play. However, barring another extended sell-off, DOGE should avoid sub-$0.0750 and the Second Major Support Level (S2) at $0.0705.

The Third Major Support Level (S3) sits at $0.0540.

DOGE resistance levels in play above the pivot.
DOGEUSD 131122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.0900. The 50-day EMA pulled back from the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through the 200-day EMA ($0.0900) would bring R1 ($0.0957) and the 50-day EMA ($0.0965) into play. However, failure to move through the 200-day EMA ($0.0900) would bring S1 ($0.0792) into view.

EMAs bearish.
DOGEUSD 131122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was up 1.15% to $0.00000966. A mixed start to the day saw SHIB fall to an early low of $0.00000949 before rising to a high of $0.00000968.

SHIB finds support.
SHIBUSD 131122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000957 pivot to target the First Major Resistance Level (R1) at $0.00000990 and the Saturday high of $0.00000992. A move through the Saturday high of $0.00000992 would signal a bullish afternoon session.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00001024. The Third Major Resistance Level (R3) sits at $0.00001091.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000923 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000900 and the Second Major Support Level (S2) at $0.00000890.

The Third Major Support Level (S3) sits at $0.00000823.

SHIB resistance levels in play above the pivot.
SHIBUSD 131122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00001051. This morning, the 50-day EMA fell back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00000990) would give the bulls a run at R2 ($0.00001024) and the 50-day EMA ($0.00001051). However, failure to move through the 50-day EMA would leave SHIB under pressure.

EMAs bearish.
SHIBUSD 131122 4 Hourly Chart

DOGE and SHIB Face Early Pressure with FTX and Contagion Risk in Focus

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) found temporary relief on Thursday, with DOGE recouping Wednesday’s stumble.
  • FTX bailout hopes provided early support, with the US CPI report for October delivering an early afternoon breakout.
  • However, the technical indicators remain bearish, with the EMAs signaling further losses.

On Thursday, dogecoin (DOGE) jumped by 20.44%. Reversing a 16.35% slide from Wednesday, DOGE ended the day at $0.08889. Notably, DOGE ended the day at sub-$0.10 for the third consecutive session while ending a five-day losing streak.

A mixed start to the day saw DOGE fall to an early low of $0.07283. Steering clear of the First Major Support Level (S1) at $0.0653, DOGE rallied to a late high of $0.09303. DOGE broke through the First Major Resistance Level (R1) to end the day at $0.08889.

Shiba inu coin (SHIB) rallied by 10.84% on Thursday. Partially reversing a 16.44% slump from Wednesday, SHIB ended the day at $0.00000941. SHIB ended a five-day losing streak but wrapped up the day at sub-$0.000010 for a second session.

A choppy start to the day saw SHIB fall to an early low of $0.00000764. SHIB fell through the First Major Support Level (S1) at $0.00000775 before rallying to a late high of $0.000010. SHIB briefly broke through the First Major Resistance Level (R1) at $0.00000975 before ending the day at $0.00000941.

Twitter (TWTR) and Elon Musk continued to take a backseat, with investors monitoring FTX news updates throughout the session. News of Tron’s Justin Sun working on a bailout plan provided relief throughout the day. FTT rallied by 54.44% on hopes of a bailout.

Adding to the upside for DOGE and SHIB was the US CPI report for October, which fueled bets of a Fed pivot in December.

However, downside risks remain for DOGE and SHIB. Failed progress toward an FTX bailout, contagion, and regulatory action could hit the pair and the broader crypto market.

This morning, news of CFTC, SEC, and Department of Justice investigations into FTX sounded the alarm bells. Following the Terra collapse, investigations could uncover more dirty laundry to hit investor confidence.

Overnight, BlockFi announced the freezing of withdrawals citing the FTX collapse, raising contagion fear. Investors will have to monitor the news wires for FTX updates and contagion news.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 6.76% to $0.08288. A mixed morning saw DOGE rise to an early high of $0.08955 before falling to a low of $0.08068.

DOGE under pressure.
DOGEUSD 111122 Daily Chart

Technical Indicators

DOGE needs to move through the $0.0849 pivot to target the First Major Resistance Level (R1) at $0.0970. A move through the Thursday high of $0.09303 would signal a possible breakout. However, FTX updates need to be crypto-friendly to support a return to $0.09.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.1051. The Third Major Resistance Level (R3) sits at $0.1253.

Failure to move through the pivot ($0.0849) would leave the First Major Support Level (S1) at $0.0768 in play. However, barring another extended sell-off, DOGE should avoid sub-$0.0650 and the Second Major Support Level (S2) at $0.0647.

The Third Major Support Level (S3) sits at $0.0445.

DOGE support levels in play below the pivot.
DOGEUSD 111122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.09021. The 50-day EMA converged on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A bearish cross of the 50-day EMA through the 100-day EMA would support a fall through S1 ($0.0768) to test support at $0.0700. However, a DOGE move through the 200-day EMA ($0.09021) would give the bulls a run at R1 ($0.0970), the 100-day ($0.10002), and the 50-day ($0.10088) EMAs.

EMAs bearish.
DOGEUSD 111122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 3.40% to $0.00000909. A mixed start to the day saw SHIB rise to an early high of $0.00000984 before sliding to a low of $0.00000881.

SHIB on the back foot.
SHIBUSD 111122 Daily Chart

Technical Indicators

SHIB needs to avoid the $0.00000911 pivot to target the First Major Resistance Level (R1) at $0.00001039. A move through the Thursday high of $0.000010 would signal a bullish afternoon session.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00001138. The Third Major Resistance Level (R3) sits at $0.00001374.

A fall through the pivot would bring the First Major Support Level (S1) at $0.00000803 into play. Barring another extended sell-off, SHIB should avoid sub-$0.00000700 and the Second Major Support Level (S2) at $0.00000666.

The Third Major Support Level (S3) sits at $0.00000430.

SHIB resistance levels in play above the pivot.
SHIBUSD 111122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 50-day EMA, currently at $0.00001059. This morning, the 50-day EMA pulled back from the 100-day EMA, with the 100-day EMA easing back from the 200-day EMA. The signals were bearish.

A move through R1 ($0.00001039) and the 50-day EMA ($0.00001059) would support a breakout from the 100-day ($0.00001099) and the 200-day ($0.00001108) EMAs to bring R2 ($0.00001138) into play.

EMAs bearish.
SHIBUSD 111122 4 Hourly Chart

A DOGE Return to $0.10 Would Signal a Move Back Toward $0.12

Key Insights:

  • Dogecoin (DOGE) and shiba inu coin (SHIB) saw heavy losses on Tuesday, with DOGE seeing red for a fourth consecutive session.
  • Twitter (TWTR) news took a back seat, with the demise of FTX and the SEC’s win in its case against LBRY price negative.
  • The technical indicators turned bearish, with DOGE and SHIB sitting below their 200-day EMAs.

On Tuesday, dogecoin (DOGE) tumbled by 20.68%. Following a 3.07% decline on Monday, DOGE ended the day at $0.08822. Notably, DOGE ended the day at sub-$0.10 for the first time in eleven sessions and extended the losing streak to four.

After a bearish morning, DOGE rose to a late afternoon high of $0.1130. Coming up short of the First Major Resistance Level (R1) at $0.1178, DOGE slid to a late low of $0.07704. The extended sell-off saw DOGE fall through the Day’s Major Support Levels. The Third Major Support Level (S3) at $0.08840 pinned DOGE back late in the session.

Shiba inu coin (SHIB) slid by 13.90% on Tuesday. Following a 0.34% loss on Monday, SHIB ended the day at $0.00001016.

A mixed start to the day saw SHIB rise to an early morning high of $0.00001189. Coming up short of the First Major Resistance Level (R1) at $0.00001211, SHIB slumped to a late afternoon low of $0.00000923. SHIB fell through the day’s Major Support Levels to sub-$0.000010 before a partial recovery to end the day at $0.00001016.

Investor sentiment toward Twitter (TWTR) and Elon Musk took a backseat as investors grappled with news of an FTX liquidity crunch. FTX Token (FTT) tumbled to its lowest level since April 2020 before ending the day down 75%. News of Binance planning to acquire FTX provided some comfort but failed to restore market order.

Contagion fears and the rising threat of regulatory action left DOGE and SHIB deep in the red.

This morning, market conditions failed to improve as investors looked for the early fallout from the collapse of FTT. However, it could take time for the dust to settle and for investors to feel the true implications of the FTT collapse.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 1.05% to $0.08730. A mixed start to the day saw DOGE rise to an early high of $0.08983 before sliding to a low of $0.08147.

DOGE under early pressure.
DOGEUSD 091122 Daily Chart

Technical Indicators

DOGE needs to move through the $0.0928 pivot to target the First Major Resistance Level (R1) at $0.1085 and the Tuesday high of $0.1130. A return to $0.10 would signal a bullish day ahead. However, Elon Musk, Twitter news, and broader crypto market news need to be DOGE-friendly.

In the event of an extended afternoon breakout session, the bulls could take a run at $0.012 but fall short of the Second Major Resistance Level (R2) at $0.1288. The Third Major Resistance Level (R3) sits at $0.1648.

Failure to move through the pivot ($0.0928) would leave the First Major Support Level (S1) at $0.0725 in play. However, barring another extended sell-off, DOGE should avoid sub-$0.07 and the Second Major Support Level (S2) at $0.0568.

The Third Major Support Level (S3) sits at $0.0208.

DOGE support levels in play below the pivot.
DOGEUSD 091122 Hourly Chart

The EMAs sent a bearish signal, with DOGE sitting below the 200-day EMA, currently at $0.09110. The 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The price signals were bearish.

A move through the 200-day EMA ($0.09110) would bring the 100-day EMA ($0.1046) and R1 ($0.1085) into play. However, a failure to move through the 200-day EMA ($0.09110) would leave S1 ($0.0725) in view.

EMAs bearish.
DOGEUSD 091122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 1.08% to $0.00001005. A mixed start to the day saw SHIB rise to an early high of $0.00001028 before sliding to a low of $0.00000981.

SHIB under pressure.
SHIBUSD 091122 Daily Chart

Technical Indicators

SHIB needs to move through the $0.00001043 pivot to target the First Major Resistance Level (R1) at $0.00001162 and the Tuesday high of $0.00001189. A return to $0.00001050 would signal a bullish afternoon session.

In case of an extended rally, SHIB would likely test resistance at $0.000012 but fall short of the Second Major Resistance Level (R2) at $0.00001309. The Third Major Resistance Level (R3) sits at $0.00001575.

Failure to move through the pivot would leave the First Major Support Level (S1) at $0.00000896 in play. Barring another extended sell-off, SHIB should avoid sub-$0.00000850 and the Second Major Support Level (S2) at $0.00000777.

The Third Major Support Level (S3) sits at $0.00000511.

SHIB support levels in play below the pivot.
SHIBUSD 091122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 200-day EMA, currently at $0.00001137. This morning, the 50-day EMA converged on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The signals were bearish.

A SHIB move through the 200-day EMA would give the bulls a run at the 100-day ($0.00001158) and R1 ($0.00001162). The 50-day EMA sits at $0.00001168. However, failure to move through the 200-day EMA ($0.00001137) would leave S1 ($0.00000896) in view.

EMAs bearish.
SHIBUSD 091122 4 Hourly Chart

DOGE and SHIB Come Under Pressure on News of SEC Win Over LBRY

Key Insights:

  • It was a bearish Monday session, with dogecoin (DOGE) seeing red for the fifth session from six.
  • The Twitter (TWTR) pause on the development of the crypto wallet continued to weigh on DOGE as holder numbers hit reverse.
  • However, the technical indicators remained bullish, with DOGE investors needing a return to $0.15 to retarget $0.20.

On Monday, dogecoin (DOGE) fell by 3.07%. Following a 7.79% slide on Sunday, DOGE ended the day at $0.1112. Notably, DOGE avoided sub-$0.10 for the tenth consecutive session while extending the losing streak to three sessions.

A bullish start to the day saw DOGE rise to an early morning high of $0.1190. Coming up short of the First Major Resistance Level (R1) at $0.1243, DOGE slid to a late low of $0.1070. DOGE briefly fell through the First Major Support Level (S1) at $0.1085 before ending the day at $0.1112.

Shiba inu coin (SHIB) slipped by 0.34% on Monday. Following a 4.98% loss on Sunday, SHIB ended the day at $0.00001180.

Recovering from a bearish morning, SHIB rose to a late high of $0.00001211. Coming up short of the First Major Resistance Level (R1) at $0.00001258, SHIB slid to a late low of $0.00001150. However, steering clear of the First Major Support Level (S1) at $0.00001143, SHIB ended the session at $0.00001180.

The bearish sentiment from the broader crypto market weighed on DOGE and SHIB. Investor angst ahead of US reports this week tested buyer appetite. US economic indicators, including the US CPI report for October, retail sales, and consumer sentiment, will provide direction.

The Monday losses came despite a bullish NASDAQ Composite Index session. Market sentiment towards the US Mid-Terms provided NASDAQ support.

However, Twitter (TWTR) and Elon Musk news remained the focal point for DOGE and SHIB investors.

The bearish market reaction to the news of Twitter hitting pause on plans to build a crypto wallet continued to weigh on DOGE buyer appetite.

Reports of advertisers jumping ship remained DOGE negative. A fall in advertising revenue raise the prospects of sharp falls in revenue streams that could dampen the bullish expectation of DOGE adoption.

The latest DOGE holder numbers reflected the shift in sentiment, which supported the price reversal from last week’s high of $0.1587.

DOGE holders slide.
DOGE Holders 081122

While Twitter and Elon Musk news remain key drivers, the SEC win against LBRY sent DOGE and SHIB into the red this morning.

Dogecoin (DOGE) Price Action

At the time of writing, DOGE was down 3.86% to $0.1069. A mixed start to the day saw DOGE rise to an early high of $0.1125 before sliding to a low of $0.1050.

DOGE tested the First Major Support Level (S1) at $0.1058 early on.

DOGE under pressure.
DOGEUSD 081122 Daily Chart

Technical Indicators

DOGE needs to move through the $0.1124 pivot to target the First Major Resistance Level (R1) at $0.1178 and the Monday high of $0.1190. A return to $0.1150 would signal a bullish day ahead. However, Elon Musk, Twitter news, and broader crypto market sentiment need to be DOGE-friendly.

In the event of an extended afternoon breakout session, the bulls could take a run at the Second Major Resistance Level (R2) at $0.1244 and $0.13. The Third Major Resistance Level (R3) sits at $0.1124.

Failure to move through the pivot ($0.1124) would leave the First Major Support Level (S1) at $0.1058 in play. However, barring another extended sell-off, DOGE should avoid sub-$0.10. The Second Major Support Level (S2) at $0.1004 should limit the downside.

The Third Major Support Level (S3) sits at $0.0884.

DOGE support levels in play.
DOGEUSD 081122 Hourly Chart

The EMAs sent a bullish signal, with DOGE sitting above the 100-day EMA, currently at $0.1064. The 50-day EMA narrowed to the 100-day EMA, while the 100-day EMA widened from the 200-day EMA. The price signals were mixed.

A move through R1 ($0.1178) and the 50-day EMA ($0.1180) would support a run at R2 ($0.1244) and $0.13. However, a fall through the 100-day EMA ($0.1064) and S1 ($0.1058) would bring S2 ($0.1004) into view.

EMAs remain bullish.
DOGEUSD 081122 4 Hourly Chart

Shiba Inu Coin (SHIB) Price Action

At the time of writing, SHIB was down 4.32% to $0.00001129. A mixed start to the day saw SHIB rise to an early high of $0.00001189 before sliding to a low of $0.00001106.

SHIB fell through the First Major Support Level (S1) at $0.00001150 and briefly through the Second Major Support Level (S2) at $0.00001119.

SHIB under pressure.
SHIBUSD 081122 Daily Chart

Technical Indicators

SHIB needs to move through S1 and the $0.00001180 pivot to target the First Major Resistance Level (R1) at $0.00001211 and the Monday high of $0.00001211. A return to $0.000012 would signal a bullish afternoon session.

In case of an extended rally, SHIB would likely test the Second Major Resistance Level (R2) at $0.00001241 and resistance at $0.00001250. The Third Major Resistance Level (R3) sits at $0.00001302.

Failure to move through S1 and the pivot would leave the Second Major Support Level (S1) at $0.00001119 in play. Barring an extended sell-off, SHIB should avoid sub-$0.000011. Support at $0.000011 should limit the downside.

The Third Major Support Level (S3) sits at $0.00001058.

SHIB support levels in play.
SHIBUSD 081122 Hourly Chart

The EMAs send a bearish signal, with SHIB sitting below the 200-day EMA, currently at $0.00001144. This morning, the 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA. The signals were bearish.

A SHIB move through the 200-day EMA and the 100-day EMA would support a run at the 50-day EMA ($0.00001209) and R1 ($0.00001211). However, failure to move through the 200-day EMA ($0.00001144) and S1 ($0.00001150) would leave S2 ($0.00001119) in view.

EMAs turn bearish,
SHIBUSD 081122 4 Hourly Chart