Dogecoin price is in the background with global markets. DOGE price action looks bearish under a few bearish elements. The Shiba Inu price action has dropped only a small amount compared to last Monday. SafeMoon is in good standing for further recovery with 40% positive returns. In this article, as Kriptokoin.com, we include analyst Filip L.’s DOGE and SafeMoon predictions, as well as analyst Jonathan Morgan’s SHIB predictions.
Doge price estimates
Expect more weakness to come when peace talks fail and violence rekindles in Ukraine, according to analyst Filip L. Dogecoin (DOGE) has proven sensitive to events on the world stage following the news on Sunday that Russia would be cut from SWIFT. This pushed DOGE price action into the background. According to the analyst, if the situation deteriorates again and Putin starts using nuclear weapons, a drop to $0.1035 will not be impossible. If the situation in Ukraine worsens, Dogecoin could drop 40% to $0.10. All that seemed to have disappeared after news on Sunday that the EU had reached an agreement to cut Russia off from financial markets. With this move, Dogecoin dropped 6% overall.
The situation is still early and far from over and DOGE price action may come under pressure as the 55-day Simple Moving Average is still at a “death cross” with the 200-day SMA. It still has room to go before the Relative Strength Index is oversold and – since Sunday – a red descending trendline has been formed that will put more downward pressure on it. There are a lot of bearish signals that will be difficult to overcome and it could see DOGE reach $0.14 before moving further towards $0.1035.
If an official can mediate an agreement between both parties, white smoke may come at any time, which will be a great relief to global markets. In such a scenario, DOGE price action breaks above the red ascending trendline and looks for a test towards $0.20 or historical resistance at $0.2050. Around this level, the 55-day SMA will also come in, creating a double cap on price action. If the bulls can break through this level and even achieve a daily close above, be prepared for a lot more upside potential, says the analyst.
Predictions for SHIB
According to Analyst Morgan, Shiba Inu will outperform Dogecoin because SHIBA is targeting a breakout to $0.000054. The Shiba Inu price action has dropped only a small amount compared to last Monday. The bulls have limited downside risks to the lower part of the Ichimoku Cloud so far. The Shiba Inu price has continued to slide southward with marginal gains over the past week. However, the lower part of the Ichimoku Cloud (Senkou Span AB) acted as a strong support zone and prevented further selling. Shiba Inu price could be ready for a major bullish breakout.
Shiba Inu price has formed some bullish structure despite the current lows it traded recently. All the conditions required to perform the ideal Taurus Ichimoku breakout are complete except one. According to the analyst, if the bulls are able to push the Shiba Inu price to a close of $0.000029 to $0.000030 or above, this pattern will be complete and likely extend SHIBA’s run towards the $0.000054 value area. The hypothetical long-term entry for the Shiba Inu price is a buy stop order on a three-box reversal of Xs that will consist of the current O column. At the time of publication, this entry would have been for $0.000028. The stop loss is a four box stop and the profit target is $0.000454.
According to the analyst, as the SHIB continues to drop, the entry and stop-loss move together – but the profit target remains the same. The idea of long-term trading is void if the Shib price drops to $0.000014 or below before the entry is triggered. However, downside risks remain a significant and imminent concern. The Ideal Bearish Ichimoku Breakout will occur if the Shib price closes at or below $0.0000217. In this scenario, a renewed downtrend will begin for SHIBA.
Appearance on SafeMoon
According to Filip L., SafeMoon is in good standing for further improvement with 40% positive return. SafeMoon price action has not seen investors flee from the price action, with a slight 3% loss over the weekend. SafeMoon bulls are set to move above the 23.6% Fibonacci level, above $0.0012236 and look for more upside potential. Due to the high demand for cryptocurrencies, we expect to see a return to $0.0015000 in the coming days, says the analyst. SafeMoon (SAFEMOON) is very close to breaking $0.0010000, but investors stepped in at the last minute and have already pushed SafeMoon up around 13%.
There is more room for upward movement as demand for cryptocurrencies increases as the Russian market seeks alternative forms of payment that the West does not approve of. This will trigger more demand on the buy side and SafeMoon could see price action extend to $0.0016016. As the news is completely digested around the world, markets are now starting to look beyond the decision to impose sanctions.
SafeMoon seems likely to reach $0.0012236 today, according to the analyst. With the Relative Strength Index (RSI) still oversold, it’s time for a reversal and traders may see a return to price action. On the upside, the 200-day SMA of $0.0014698 or the key historical level of $0.00161016 remain possible targets, but there are chances that the bulls will be cut short if peace talks fail today. Filip L.
, Putin put his nuclear weapons power on high alert, causing a catastrophic shock in the markets, and a logical result could be a regression to $0.001.
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