🤔 Shiba Inu vs BONK: Buy, Sell or Hodl?
Shiba Inu vs BONK: Technical Analysis
🔸 #SHIB
Shiba Inu, also labeled “Dogecoin Killer,” has sparked intense discussion and speculation within the cryptocurrency world. Analyzing its technical indicators illuminates its present direction. Exponential and simple moving averages present a slightly bearish outlook, but longer-term averages show a bullish sentiment.
In case the price increases, it will find resistance at $0.00002929, $0.00003620, and $0.00004857. Caution is recommended as SHIB moves through these levels during uncertain market conditions.
🔸 #BONK
On the other hand, BONK, another player in the crypto market, offers a distinct technical environment. Both exponential and simple moving averages are indicating a buy signal, suggesting a bullish perspective. The shorter EMAs show a bit of selling mood, while the longer EMAs, specifically the 100 and 200-day SMAs, indicate a robust buying signal.
The Should BONK’s price decrease, it will find support levels at $0.00000426, $0.00000426, and $0.00001346. On the upside, in case the price increases, it will find resistance at $0.00003075, $0.00003884