Let's analyze $SHIB and $XVG
shib
This coin is second only to Dogecoin and belongs to the more successful tokens in the meme coin category. In the past year, meme coins have been rampant in the market, indeed bringing new speculation directions! Like Dogecoin, shib also has many retail investors, but Dogecoin has Musk constantly promoting it, while shib doesn't have that luck!
Support in the range of 225-245 is the key point area at the moment. Support confirmation is necessary for the continuation of future trends. If it breaks down this range with significant volume, it will open up the demand for further declines!
Long-term support levels are 19/17/14, if given the opportunity, can enter in batches.
Target level to maintain is the range of 225-245, and only if a historical new high is born will it open up more space!
xvg (the measurement unit below is TAY)
The key point at this moment is at 0.49. If it cannot effectively stabilize above this level, then the upward momentum is insufficient. If it breaks through with volume and confirms the second support without volume, then within this signal cycle, it is valid!
Support levels are 0.29/0.243/0.185, can enter in batches for long-term.
Currently, the two key short to medium term points are at 0.4/0.335. The first point at 0.4 is not recommended to enter, or if it drops to 0.4, specific K-line analysis will be done later. For short to medium term, 0.335 is when it is recommended to go for a hand!