- Dogecoin is consolidating at a key support level after a massive recovery in late Thursday trading.
- Shiba Inu is consolidating above a key support level with no clear direction for the day.
- Solana is range-bound and yet to break out in any direction.
Dogecoin
Dogecoin had mixed fortunes on Thursday and closed the day lower by 4%.
Dogecoin started Thursday trading bearish, a continuation of the selloff that had started a day earlier.
The selloff accelerated all through the morning, and by daybreak, Dogecoin had pushed through two support levels and tested multi-month support at $0.1066.
However, there was a pullback from the multi-month support, and range-bound trading followed until early afternoon.
At this point, bulls gained control, and with high volumes. By the end of the day, Dogecoin had recovered most of the losses from a day earlier and traded at the 38.2% Fibonacci resistance at $0.1231.
Dogecoin started Friday trading, consolidating around the 38.2% Fibonacci resistance at $0.1231. When going to press, Dogecoin was still in consolidation and had yet to show any clear direction.
Source: TradingView
A glance at the day ahead
The key levels to watch are the 38.2% Fibonacci resistance at $0.1231 and the 23.6% Fibonacci support at $0.1168.
If bulls take control and push Dogecoin through the 38.2% Fibonacci resistance at $0.1231, the 50.0% Fibonacci resistance at $0.1282 would come into focus. If the 50.0% Fibonacci resistance is broken, prices above $0.1304 could be tested in the day.
However, if bears take control and push Dogecoin through the 23.6% Fibonacci support at $0.1168, prices below $0.1127 could be seen in the day.
If volumes drop, Dogecoin could trade between the 38.2% Fibonacci resistance at $0.1231 and the 23.6% Fibonacci at $0.1168.
A glance at the technicals
Key resistance: 38.2% Fibonacci at $0.1231
Key support: 23.6% Fibonacci at $0.1168
More On Dogecoin: Is Dogecoin A Good Investment Opportunity?
Shiba Inu
On Thursday, Shiba Inu had mixed fortunes but still closed the day lower by 4.5%.
Shiba Inu started Thursday trading bearish, a continuation of the selloff that had started a day earlier.
The selloff accelerated in the early hours of the day, and by mid-morning, SHIB had pushed through two key support levels and tested multi-month support at $0.00002071.
The multi-month support proved quite strong, though, and there was a bounce off it at midday.
With bulls regaining control of the market, Shiba Inu’s upside momentum accelerated all through the afternoon. Just four hours to the end of the day, Shiba Inu had tested the 38.2% Fibonacci resistance at $0.00002527.
The move to the 38.2% Fibonacci resistance was rejected, though, and by the last hour of the day, Shiba Inu was trading at the 23.6% Fibonacci, now major support.
Shiba Inu started Friday trading in consolidation just above the 23.6% Fibonacci support at $0.00002353.
When going to press, Shiba Inu was still in consolidation, with no clear direction for the day.
Source: TradingView
A glance at the day ahead
The key levels to watch are the 38.2% Fibonacci resistance at $0.00002527 and the 23.6% Fibonacci support at $0.00002353.
If bulls take control and push Shiba Inu through the 38.2% Fibonacci resistance at $0.00002527, the 50.0% Fibonacci resistance at $0.00002668 would come into focus. If the 50.0% Fibonacci resistance is broken, prices above $0.00002741 could be seen in the day.
However, if the 23.6% Fibonacci support is broken; prices below $0.00002232 could be seen in the day.
On the other hand, if volumes drop, Shiba Inu could trade between the 38.2% Fibonacci resistance at $0.00002527 and the 23.6% Fibonacci support at $0.00002353.
A glance at the technicals
Key resistance: 38.2% Fibonacci at $0.00002527
Key support: 23.6% Fibonacci at $0.00002353
More On Shiba Inu: 15 Reasons Why You Should Invest in Shiba Inu Today
Solana
Solana had mixed fortunes on Thursday but closed the day pretty much where it had started.
Solana started Thursday trading bearish, a continuation of the selloff that had started a day earlier. However, just before daybreak, Solana hit strong multi-month support at $75.34.
The multi-month support proved to be quite strong, and Solana bounced off it with high volumes.
Solana had pushed through multiple resistance levels by late evening and briefly tested the 61.8% Fibonacci resistance at $92.65.
However, there was strong rejection at the 61.8% Fibonacci resistance, and Solana ended the day close to the 38.2% Fib support at $86.04.
Solana started Friday trading range-bound between the 38.2% Fibonacci support at $86.04 and the 50.0% Fibonacci at $89.34. When going to press, Solana was yet to break out in any direction.
Source: TradingView
A glance at the day ahead
The key price levels to watch in the day are the 50.0% Fibonacci resistance at $89.34 and the 38.2% Fibonacci support at $89.34.
If bulls take control and push Solana through the 50.0% Fibonacci resistance at $89.34, the 61.8% Fibonacci resistance at $92.65 would come into focus. If the 61.8% Fibonacci resistance is broken, prices above $94.40 could be hit in the day.
However, if bears manage to push Solana through the 38.2% Fibonacci support at $86.04, prices below $83.86 could be hit in the day.
If volumes drop, Solana could trade between the 50.0% Fibonacci resistance at $89.34 and the 38.2% Fibonacci support at $86.04.
A glance at the technicals
Key resistance: 50.0% Fibonacci at $89.34
Key support: 38.2% Fibonacci at $86.04
More On Solana: The 5 Best Ways To Buy Solana (SOL)