🐶 Shiba Inu

The Shiba Inu, also known as the “Dogecoin Killer,” has sparked intense discussion and speculation in the cryptocurrency world. Analyzing its technical indicators will shed light on its current direction. The exponential and simple moving averages suggest a slightly bearish outlook, but the longer-term averages indicate bullish sentiment.

Shorter period EMAs are showing a selling bias, while longer term EMAs, especially the 100 and 200 day averages, indicate buying opportunities.

Oscillators typically indicate a neutral position, as seen with indicators like the Relative Strength Index (RSI) hovering in the neutral range, suggesting neither overbought nor oversold conditions. .

The MACD line shows a slightly bullish buy signal, suggesting possible upward movement. Fibonacci levels provide important guidance to traders by revealing possible price ceilings and floors. If SHIB price turns down, it will find support and $0.00001146.

In case the price rises, it will find resistance at $0.00002929, $0.00003620 and $0.00004857. You should be cautious as SHIB moves through these levels in uncertain market conditions.

🐾 BONK

On the other hand, BONK, another player in the cryptocurrency market, offers a different technical environment. Both the exponential moving average and the simple moving average are showing buy signals, suggesting a bullish outlook. The shorter EMAs indicate a slight selling mood, while the longer EMAs, specifically the 100 and 200-day SMAs, show a strong buy signal.

BONK indicators show a mixed outlook, as the Stochastic RSI and Momentum suggest selling, while the MACD and Williams Percent Range remain in neutral territory. Fibonacci levels, combined with pivot points, are important indicators of possible price changes.

If the price of BONK declines, it will find support levels at $0.00000426, $0.00000426, and $0.00001346. Conversely, in case the price rises, it will find resistance at $0.00003075, $0.00003884