Dog coins (DOGE), Shiba (SHIB), and Floki (FLOKI) received widespread attention over the weekend, achieving some significant gains. But in the ever-uncertain crypto world, who knows how long this bullish sentiment will last?DOGE: Ready to Breakthrough or Collapse?Dogcoin (DOGE) has been fluctuating in the high tide of the market, closely related to Bitcoin's impressive performance, as the market expects Bitcoin's spot ETF to be approved
Dog coins (DOGE), Shiba (SHIB), and Floki (FLOKI) received widespread attention over the weekend, achieving some significant gains. But in the ever-uncertain crypto world, who knows how long this bullish sentiment will last?
DOGE: Ready to Breakthrough or Collapse?
Dogcoin (DOGE) has been fluctuating in the high tide of the market, closely related to Bitcoin's impressive performance, as the market expects Bitcoin's spot ETF to be approved. Currently, the price of DOGE fluctuates between $0.0671 and $0.0737, while the market has been closely monitoring the key price range of $0.0751.
Breaking through the resistance level of $0.0737 may lead to a higher price trend for Dogcoin, especially towards the key level of $0.0751. The optimistic atmosphere in the market and the positive sentiment surrounding Bitcoin's performance may become the potential driving force for the rise of DOGE. Nevertheless, investors should not overlook the MACD volatility indicator on the 3-10 day, which is currently hovering around $0.07285, showing signs of hesitation. The clear trend of breaking through this point may be a signal that bullish traders have been waiting for, potentially laying the foundation for future gains.
However, if DOGE loses control and falls below the support level of $0.0671, it may trigger a downward trend, and investors will closely monitor the next key support level of $0.0658. Various moving averages, such as the 9-day moving average ($0.0645) and the 40-day moving average ($0.063), may form additional potential support layers or, if breached, may lead to further declines.
ShibaInu (SHIB): Breakthrough Blockchain Authentication Coming Soon
The development team of ShibaInu (SHIB) announced that they are about to launch groundbreaking SHIB authentication on the blockchain, which has caused a sensation in the encryption community. Shibtoken's official Twitter account announced the launch of ShibIdentity on October 28th, with plans to release it on October 31st. Although detailed information about digital identity is still limited, the ShibaInu team has marked it as a significant development in the blockchain field and even provided SHIB gifts worth $5000 to attract community attention. This progress has led to the price of Chaigou (SHIB) rising by over 2% in the context of the overall cryptocurrency market, and a 10% increase in the past week.
SHIB is currently attempting to break through key levels of support and resistance. Its trading price fluctuates between $0.0000075 and $0.0000082, and market participants closely monitor the level of $0.0000083. The token shows a clear bullish trend as it remains above the 40 day moving average of $0.0000076.
Despite some optimistic signs, it is still necessary to consider potential bearish scenarios. The 3-10 day MACD oscillation indicator shows signs of stagnation near $0.0000081, indicating that kinetic energy may weaken, which may lead to ShibaInu (SHIB) testing its lower support level. If it falls below $0.0000075, the price may slide to the second support level of $0.0000074, and may even test the third support level of $0.0000071.
FlokiInu (FLOKI) has recently risen by 44%
This is thanks to the announcement of the new pledge plan and the launch of the sister token TokenFI aimed at rewarding FLOKI pledgers.
From a technical analysis perspective, FLOKI's transaction price is within the critical price range of $0.0000339264 to $0.0000433929. If FLOKI can leverage the positive momentum brought by the pledge plan news, we may see this asset attempting to break through $0.0000433929. Successfully breaking through this level may open the door to $0.0000519807 and is expected to target $0.000070035.
However, it should be noted that the short-term price trend of FLOKI may be affected by the 20% buy and sell transaction tax imposed by TokenFI within the first hour of its launch, which is a strategic measure aimed at preventing snipers and allocating tax revenue to TokenFI.
If the excitement surrounding the pledge plan and TokenFI gradually fades, or if high transaction taxes have a deterrent effect on potential buyers, FLOKI may face downward pressure. In this bearish scenario, the asset may fall to $0.0000339264. Breaking this point may result in FLOKI testing at the second support level of $0.0000253386.
In summary, VanEck's actions in the Bitcoin ETF field have attracted widespread attention in the encryption field. By adopting the innovative approach of using Bitcoin itself as a funding seed, VanEck resubmitted the Bitcoin Trust ETF proposal, which attracted enthusiastic attention from the community, especially considering that the US SEC had vetoed their proposal three times.
At the same time, major cryptocurrencies such as DOGE, SHIB, and FLOKI are experiencing significant fluctuations in the market, achieving significant returns and technological changes.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
