Dogecoin, Shiba Inu & Solana Daily Price Predictions – February 26, 2022

Markets in the green, but it's too early to tell the week's direction

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Last Updated February 28th 2022
5 Min Read
  • Dogecoin has yet to show a clear direction for the week.
  • Shiba Inu bulls are taking control, but it's too early to tell direction for the week.
  • Solana bulls are in control, but it's still early to tell the week's direction.

Dogecoin

Dogecoin was bearish all through last week. By the end of the week, it was down by 14%.

Dogecoin started bearish last week, a continuation of the selloff that had started a week earlier.

The selloff was quite strong and also continued on Tuesday. However, after more than a week in the red, bulls attempted to regain control in the latter part of Tuesday.

Bulls remained in control until the early part of Wednesday. However, with the broader market turning bearish, Dogecoin bears regained control in the latter part of Wednesday.

The selloff accelerated on Thursday, and by the end of the day, Dogecoin had tested monthly support at $0.1066.

However, there was a bounce off the monthly support, and bulls attempted to regain control towards Thursday's end of the day.

Bulls remained in control on Friday but were not strong enough to push through Thursday's high.

This saw bears attempt to take control on Saturday but failed. What followed was a tie between bulls and bears all through Saturday.

However, with bears taking full control in the broader market, Dogecoin bears gained control on Sunday, and with high volumes.

Dogecoin started Monday trading directionless and with very low volumes. Dogecoin had not shown signs of a break in any direction when going to press.

DOGE/USD 1-hour chart 022822

Source: TradingView

A glance at the week ahead

The key levels to watch are the 23.6% Fibonacci resistance at $0.1645 and the monthly support at $0.1066.

If bulls take control and push Dogecoin through the 23.6% Fibonacci resistance at $0.1645, the 38.2% Fibonacci resistance at $0.2004 would come into play. If the 38.2% Fibonacci resistance is broken, prices above $0.2168 could be seen in the week. 

However, if bears take control and push Dogecoin through the monthly support at $0.1066, prices below $0.0926 could be tested in the week.

If volumes drop, Dogecoin could trade between the 23.6% Fibonacci resistance at $0.1645 and the monthly support at $0.1066.

A glance at the technicals

Key resistance: 23.6% Fibonacci at $0.1645

Key support: Monthly support at $0.1066

More On Dogecoin: How To Make (Or Lose) Money With Dogecoin

Shiba Inu

Shiba Inu was slightly bearish all through the past week. By the end of the week, Shiba Inu was down by 14%.

Shiba Inu started bearish last week, a continuation of the selloff that had started a week earlier.

The selloff was quite strong and continued in the early part of Tuesday. However, after more than a week in the red, bulls attempted to regain control in the latter part of Tuesday.

Bulls remained in control until the early part of Wednesday, but with the broader market turning bearish, Shiba Inu bears regained control.

The selloff accelerated on Thursday, and by the end of the day, Shiba Inu had tested monthly support at $0.00002044.

However, Shiba Inu bounced off the monthly support, and bulls attempted to regain control towards Thursday's end of the day.

Bulls remained in control on Friday but were not strong enough to push through Thursday's opening price at 0.00002444.

This saw bears attempt to take control on Saturday. Bears were quite strong and saw Shiba Inu negate all the gains it had made on Friday.

With bears still in control in the broader market, Shiba Inu remained in the red all through Sunday.

Shiba Inu started Monday trading bullish after a selloff all through the weekend. When going to press, Shiba Inu was gaining upside momentum and was close to negating its losses over the weekend.

SHIB/USD 1-hour chart 022822

Source: TradingView

A glance at the week ahead

The key levels to watch are the 23.6% Fibonacci resistance at $0.00003656 and the monthly support at $0.00002044.

If bulls take control and push Shiba Inu through the 23.6% Fibonacci resistance at $0.00003656, the 38.2% Fibonacci resistance at $0.00004654 would come into play. If the 38.2% Fibonacci resistance is broken, prices above $0.00005100 could be tested in the week.

However, if the monthly support is broken; prices below $0.00001085 could be seen in the week.

On the other hand, if volumes drop, Shiba Inu could trade between the 23.6% Fibonacci resistance at $0.00003656 and the monthly support at $0.00002044.

A glance at the technicals

Key resistance: 23.6% Fibonacci at $0.00003656

Key support: Monthly support at $0.000002044

More On Shiba Inu: Why Shiba Inu Is Going To Explode

Solana

Solana started last week strongly bearish, a continuation of the selloff that had started a week earlier.

By the end of the day, Solana was close to testing the monthly support at $75.34. Bears failure to test major support saw bulls take control on Tuesday. However, they did not have the momentum to negate the losses it had made on Monday.

In the earlier part of Wednesday, the Bulls remained in control, but Solana bears took control in late Wednesday trading, with the broader market turning bearish.

Solana was highly volatile on Thursday and briefly touched the monthly support at $75.34 before bouncing back.

The pullback on Thursday saw Solana gain upside momentum on Friday. However, with the broader market turning bearish, Solana was in the red all through the weekend.

Solana has started the new week bullish but was yet to push Solana through Sunday's highs when going to press.

SOL/USD 1-hour chart 022822

Source: TradingView

A glance at the week ahead

The key price levels to watch in the day are the 23.6% Fibonacci resistance at $119.07 and the monthly support at $75.34.

If bulls take control and push Solana through the 23.6% Fibonacci resistance at $119.07, the 38.2% Fibonacci resistance at $114.72 would come into play. If the 38.2% Fibonacci resistance is broken, prices above $156.96 could be tested in the week. 

However, if bears manage to push Solana through the monthly support at $75.34, prices below $56.96 could be tested in the week.

If volumes drop, Solana could trade between the 23.6% Fibonacci resistance at $119.07 and the monthly support at $75.34.

A glance at the technicals

Key resistance: 23.6% Fibonacci at $119.07

Key support: Monthly support at $75.34

More On Solana: Solana (SOL) Price Prediction