Although the total encryption market is in good condition, Meme currencies are having difficulty attracting a sufficient number of buyers. For this reason, the higher MeMe coins are witnessing stronger pressure for sale near the main price levels. Interestingly, both Dogecoin and Shiba Inu have recently made several lowest levels, indicating that this may be due to a short -term decrease.
Memecoins, despite an increase in OI
Although a strong increase in open attention, the price of Dogecoin and Shiba Inu are still in the struggle. The future open interest of Dogecoin has increased by 78 % in the past seven days. This increase happened, although the price of bitcoin has decreased a lot from its last peak. For this reason, the total value of the Dogoin open contract sites increased from $ 1.7 billion to $ 3.03 billion.
On the other hand, the open interest of SHIBA Inu jumped with more than 61 % during the past week, climbing from $ 152 million to more than 246 million dollars. However, despite the sharp rise in the open interest of both SHIB and Doge, this did not lead to a strong price recovery on the plans.
Dogecoin price analysis
The price of Dogecoin is the highest level higher than $ 0.25. However, sellers continue to control the price plan, while maintaining the price around the support channels. As of writing, Doge Price is trading at $ 0.2336, as more than 2.1 % have decreased in the past 24 hours.
The gathering now reaches the sale of about $ 0.25, which may lead to a decrease towards the level of $ 0.21. If the price bounces strongly from $ 0.21, it will appear that merchants are now more willing to buy than the decreases instead of selling in marches, raising the moves of move to $ 0.265. A successful step above this level may send about $ 0.32.
To stop this upward momentum, sellers will need to pay the price below EMA for 20 days (currently at $ 0.231). If this happens, Doge/USDT may go about $ 0.2.
Also read: DOGECOIN Eyes 0.30 dollars after hacking: But do you fell on the cards?
Currently, the price began to decrease from $ 0.26, with the following support levels at $ 0.22 and $ 0.21. If the price finds support and bounces from this area, it indicates that buyers interfere at lower levels. In this case, the bulls may try to pay the price above $ 0.26 again.
Shaiba Ino price analysis
The SHIB price faces a less declining correction than 0.000017 dollars. Buyers keep the price over the EMA20 direction line, but they may soon face the pressure pressure. Currently, the SHIB price is trading at $ 0.0000158, as more than 2.2 % has decreased in the past 24 hours.
This RSI gathering pushed up to 51, which means controlling an equal foot from both side traders. If the SHIB is higher than the immediate support of $ 0.00001475, we may see another re -test at a level of $ 0.000017. A higher batch of this SHIBANU can send about $ 0.000019.
However, this upward view can fade if the price decreases to less than 0.00001475 dollars. This decrease may lead to the inclusion of the SHIB price of about $ 0.00001225.
