- Dogecoin bulls are in control but need to break the $0.1343 resistance for an uptrend to be confirmed.
- Shiba Inu consolidates below the 78.6% Fib resistance at $0.00002598.
- Solana bounces off major support as bulls regain control after an early morning correction.
Dogecoin
Dogecoin was strongly bullish on Monday and closed the day higher by 9%.
Dogecoin started Monday trading in consolidation below the 50.0% Fibonacci resistance at $0.142.
Bulls attempted to push DOGE through the 50.0% Fibonacci twice, around mid-morning but failed.
However, with bullish momentum on the rise in the broader market, Dogecoin finally broke through the 50.0% Fibonacci resistance in the early afternoon.
Upside momentum was quite strong, and just two hours after breaching the 50.0% Fibonacci resistance, bulls pushed Dogecoin to the 61.8% Fibonacci resistance at $0.1284.
The 61.8% Fibonacci resistance proved quite strong, though, and but with the broader market increasingly bullish, Dogecoin broke it five hours to the end of the day.
Bullish momentum accelerated, and by the end of the day, Dogecoin was trading at $0.1343 on the 78.6% Fibonacci resistance.
Dogecoin started trading Tuesday at the 78.6% Fibonacci resistance. However, buying volumes were low, and Dogecoin was consolidating below the 78.6% Fib resistance all through the morning.
When going to press, bulls were regaining control but were yet to push DOGE to push Dogecoin through the 78.6% Fibonacci resistance at $0.1343.
Source: TradingView
A glance at the day ahead
The key levels to watch are the 78.6% Fibonacci resistance at $0.1343 and the 61.8% Fibonacci support at $0.1284.
If bulls take control and push Dogecoin through the 78.6% Fibonacci resistance at $0.1343, the monthly resistance at $0.1418 would come into focus. If the monthly resistance at $0.1418 is broken, prices above $0.152 could be tested in the day.
However, if bears take control and push Dogecoin through the 61.8% Fibonacci support at $0.1284, prices below $0.1257 could be seen in the day.
If volumes drop, Dogecoin could trade between the 78.6% Fibonacci resistance at $0.1343 and the 61.8% support at $0.1066.
A glance at the technicals
Key resistance: 78.6% Fibonacci at $0.1343
Key support: 61.8% Fibonacci at $0.1066
More On Dogecoin: What Are The Safest Ways To Store Dogecoins (DOGE)?
Shiba Inu
Shiba Inu was bullish all through Monday. By the end of the day, SHIB was up by 10%.
Shiba Inu started Monday trading with a bounce off the 38.2% Fibonacci support at $0.00002327.
Bulls remained in control all through the morning, albeit with low volumes. This continued until midday, when bullish momentum surged in the broader market.
An increase in buying volumes in the broader market saw Shiba Inu break the 50.0% Fibonacci resistance at $0.00002406, and with high volumes.
Buying momentum accelerated, and just an hour after breaking the 50.0% Fib resistance, Shiba Inu pushed through the 61.8% Fibonacci resistance at $0.00002485.
Breaking the 61.8% Fibonacci resistance cemented SHIB bulls’ dominance, and volumes surged for the rest of the day. Shiba Inu was trading at $0.00002598 on the 78.6% Fibonacci resistance by the end of the day.
Shiba Inu started trading Tuesday with the same upside momentum that had characterized its price action all through Monday.
However, buying volumes dropped, and Shiba Inu consolidated below the 78.6% Fibonacci resistance all through the morning. Shiba Inu bulls were still struggling at the 78.6% Fib resistance when going to press.
Source: TradingView
A glance at the day ahead
The key levels to watch are the 78.6% Fibonacci resistance at $0.00002598 and the 61.8% Fibonacci support at $0.00002485.
If bulls take control and push Shiba Inu through the 78.6% Fibonacci resistance at $0.00002598, the monthly resistance at $0.00002742 would come into focus. If the monthly resistance is broken, prices above $0.00002787 could be seen in the day.
However, if the 61.8% Fibonacci support is broken; prices below $0.00002527 could be tested in the day.
On the other hand, if volumes drop, Shiba Inu could trade between the 78.6% Fibonacci resistance at $0.00002598 and the 61.8% Fibonacci support at $0.00002485.
A glance at the technicals
Key resistance: 78.6% Fibonacci at $0.00002598
Key support: 61.8% Fibonacci at $0.00002485
More On Shiba Inu: Should You Buy Shiba Inu? 5 Pros, 5 Cons
Solana
Solana was strongly bullish all through Monday. By the end of the day, it was up by 11.9%.
Solana started Monday trading with a bounce off the 61.8% Fibonacci support at $85.78.
Bulls remained in control all through the morning, and by mid-morning, Solana had breached the 50.0% Fibonacci resistance at $89.03.
Bulls appeared to be losing momentum after pushing through the 50.0% Fib resistance, but this didn’t last long.
With the broader market turning bullish, Solana bulls gained momentum in the early afternoon.
Buying volumes were quite strong, and early evening, Solana had pushed through the 38.2% Fibonacci resistance at $92.28 and tested the 23.6% Fibonacci resistance at $96.29.
Momentum accelerated, and by the end of the day, Solana was trading at monthly resistance at $102.78.
Solana started trading Tuesday at the $102.78 monthly resistance. Bears appeared to take control in early morning trading, but they hit strong support at $96.29 on the 23.6% Fibonacci by daybreak.
Solana was still trading on the 23.6% Fibonacci support, but bulls were gaining momentum when going to press.
Source: TradingView
A glance at the day ahead
The key price levels to watch in the day are the monthly resistance at $102.78 and the 23.6% Fibonacci support at $96.29.
If bulls take control and push Solana through the monthly resistance at $102.78, prices above $105.14 could be tested in the day.
However, if bears manage to push Solana through the 23.6% Fibonacci support at $96.29, the next key level to watch would be the 38.2% Fibonacci support at $92.28. If the 38.2% Fibonacci support is broken, prices below $90.21 could be tested within the day.
If volumes drop, Solana could trade between the monthly resistance at $102.78 and the 23.6% Fibonacci support at $96.29.
A glance at the technicals
Key resistance: Monthly resistance at $102.78
Key support: 23.6% Fibonacci at $96.29
More On Solana: Why Solana Is Going To Explode