In this article, as Kriptokoin.com, we examine the predictions and analyzes of Fxstreet analysts about SHIB, Dogecoin and XRP. According to the analyst, the Shiba Inu price is at the inflection point, marking a 25% increase. Dogecoin price is trying to recover with a rally. XRP price continues to exhibit low volatility on the daily chart.
Critical phases for Dogecoin and SHIB
Shiba Inu price is approaching the breaking point after five weeks of downtrend. According to analyst Akash Girimath, the rollover of the descending resistance barrier at $0.0000223 could trigger a 25% gain to $0.0000283. A daily candlestick near $0.0000158 will invalidate the bullish thesis for SHIB. Shiba Inu price has been in a downtrend for quite some time and is showing no signs of volatility or hints of a reversal. However, these things can change the moment SHIB is at its inflection point.
Shiba Inu price fell 37% after rallying 75%. Following this uptrend, a slow decline took place from early February to March 19. Interestingly, a tight consolidation range preceded the rally and the pullback seems to create a similar starting point, suggesting that an explosive move is likely. With Shiba Inu price trading at $0.0000223, there is a good chance that an uptrend will be triggered if the bulls break the downtrend line. However, an ideal scenario would involve market makers pushing SHIB below the $0.0000202 support level to gather liquidity before it goes higher.
Analyst: Rally may be delayed on SHIB
Regardless of where the uptrend originates from, investors can expect SHIB to run at $0.0000283 for the immediate resistance barrier. From the current position, this move would constitute a 25% uptrend, but would represent a 40% gain from $0.0000202. Although the Shiba Inu price looks set to rise, market makers may delay the rally. A firm close below $0.0000202 will indicate that more downside moves are likely. In such a case, buyers have another chance of a reversal in the nine-hour demand zone stretching from 0.0000158 to 0.0000193.
On the other hand, according to the analyst, Dogecoin price will try to recover with a 25% rally. Dogecoin price is looking to make up for losses by rising to $0.152. DOGE needs to smash the intermediate barrier at $0.134 to complete its 25% increase. A daily candlestick near $0.109 will invalidate the bullish argument. Dogecoin price remained unresponsive for most of its bull run in 2021. The lackluster performance was due to the Shiba Inu’s winning appeal, which caused the DOGE to bleed slowly.
Dogecoin price trying to drive the bears away
Dogecoin price is down roughly 36% last month, turning the $0.152 and $0.134 support levels into resistance barriers. This move pushed DOGE to establish a swing low to $0.109, which allowed buyers to step in and trigger a potential rebound. This relief rally is likely to push DOGE 12% to the immediate hurdle of $0.134. Turning this blockade into a foothold will allow buyers to prepare a launch pad for further escalation. In this case, the bulls will target the $0.152 barrier, marking an overall 27% increase.
Here, short-term holders will likely make a profit by initiating a correction. However, if these Dogecoin holders remain strong, there is a good chance this rally will expand the weekly resistance barrier at $163. Regardless of the optimism, if Dogecoin price fails to break the initial hurdle at $0.134, it will indicate weakness on the buyer’s side. In such a case, if the bears take control, DOGE will likely move lower and seek a support level. If this drop produces a daily candlestick near $0.109, it will invalidate the bullish thesis for Dogecoin price and open the way for a 31% crash to $0.075.
Ripple limit for a 34% break
XRP price continues to exhibit low volatility on the daily chart. No signs of decline at this time. A daily close below $0.74 will invalidate the bullish argument. XRP price is still moving within a pennant formation as it trades around $0.79. A low volatility market situation is an indication that a breakout is coming, but evidence that a rally has occurred has yet to arrive. XRP price is back in procrastination mode. XRP price has started to drizzle almost from the calm before the storm as price action has been so mundane lately.
XRP price finally needs more consolidation time. All indicators are pointing up, so we will see price increases in the future as the curving trend lines will eventually compress the current price action. It may be best for traders to consider not being an early buyer and save their purchasing power for more promising markets. The easiest override would be a close to the trendline on the daily chart. Second, if this happens, the price should impulsively return to visit $0.72 and retest the supply zone at $0.67 to 17% below current prices. As the long-term trend of the XRP price still looks very high, traders can then look for early buy signals.
49545
