- Dogecoin is due to critical support, turning after five consecutive days of losses.
- Shiba Inu is starting the week to regain strength and target a key resistance trend.
- The inversion of the Pepe trend is gaining momentum in the 4 -hour table.
Corners DOGECOIN (DOGE),, Shiba Inu (Shib)And Pepe (Pepe) record a shiny start of the week, at the same time as the wider recovery of the cryptocurrency market. Dogecoin and Shiba Inu presents the possibility of a double -bottomed reversal with an RSI bullish divergence, while the inversion of Pepe surmounts a key level as its momentum increases.
The first increase in dogecoin in six days
Dogecoin is negotiated by almost 1% at the time of the press on Monday while it bounces on the level of support of $ 0.1710 formed by the lowest closing price in June. With potential tweezers in manufacturing, Dogecoin is preparing for its second turnaround from this level.
This could trigger the possibility of double -bottomed pattern with a neckLine at $ 0.1987, closedNg price of June 10. Thus, Doge shows the potential to test immediate resistance at this level.
A potential closure above the neck could extend the rally in small groups to the peak of $ 0.2506 formed on May 10.
The momentum indicator of the relative resistance index (RSI) to 40 is gradually recovered from the occurrence limit in the daily graph, while Dogi records a second background on the ground floor of 0.1710. This indicates an RSI increased divergence supporting the chances of trend with an important place for growth before reaching the Surachat area.
DOGE / USDT DAILY PRICE THAT.
However, a closure of less than $ 0.1710 will cancel the double -bottomed pattern. In such a scenario, DOGE could test the support of $ 0.1642 formed on May 6.
Shiba Inu imitates the Dogecoin double background recovery
Shiba Inu avoids closing below the level of critical support at $ 0.0.0001220, MArched by the lowest fence in June (June 5) so far, despite increased pressure last week. After several long -tailed candles, Shib is up more than 1% at the time of the press on Monday, referring to a trend reversal.
Similar to Doge, Shiba Inu teases a double -bottomed pattern because it bounces the support of $ 0.00001220 with a neckline at 0.0000001337, the highest fence price last week. A clear push in the fence price above the neck will mark the breach of the pattern.
The similarity with DOGE extends to the momentum indicator as RSI bullish divergence manifests itself in the daily graphic. The RSI indicator at 40 shows a recovery approaching the line halfway, suggesting a gradual increase in the bullish momentum.
Ship / USDT daily price board.
However, a closure below the support floor of $ 0.00001220 will cancel the Haussier motif. In such a case, Shib could extend the correction to test the level of 0.000011150 for the last time on April 16.
Pepe Recovery crosses the resistance of the keys
The withdrawal of Pepe last week succeeded before risking a fence below the level of psychological support of $ 0.00001,000. At the time of writing the present Friday weak $ 0.0000001044.
The recovery rally crossed above the resistance of 0.00001119 for the last time tested by a reversal on Sunday on the table of 4 hours. With a clean fence price above this key resistance, PEPE now targets the resistance of $ 0.00001208 marked by a low swing on May 17.
The RSI indicator at 51 crosses above the line halfway, signaling a turn in favor of the bulls in the 4-hour table. As RSI must cover the space before reaching the over -racket conditions, the indicator projects the PEPE price growth room.
Above, the convergence / divergence indicator Mobile average (MacD) crosses its signal line, marking a bull. This is aligned with the trend reversal thesis and the chances upside down.
PEPE / USDT 4 hours price.
If Pepe does not hold the support at 0.00001119, a more steep correction to $ 0.00001,000 is possible.
