Key ideas:
- It was a bear session for DOGE and SHIB on Saturday.
- The pair gave up early gains, with the lack of crypto news sparking a late pullback from early gains.
- Key technical indicators remain bullish with DOGE and SHIB holding at the 50 day EMAs.
It was a down day for DOGE and SHIB on Saturday.
in a mixed crypto Saturday session, DOGE and SHIB gave up early gains to end the day in the red. Saturday's losses were modest, with no news updates to provide guidance.
Partially reversing a 2.32% gain from Friday, DOGE fell 1.77% on Saturday to end the day at $0.1388. SHIB partially reversed a 1.12% gain, with a 0.80% loss to end the day at $0.00002594.
Elsewhere, MOON surged 8.84% to buck the broader crypto market trend.
bnb (-2.37%) and SUN (-1.52%) fought on Saturday.
AVAX (-0.79%), THERE ARE (-0.86%), ETH (-0.32%), and XRP (-0.50%) saw modest losses to join as well BTC (-1.03%), DOGE and SHIB in the red.
Flatlines crypto market without important news to influence
It was a quiet day in the crypto news wires, leaving the broader market in the red at the end of the day.
The lack of direction followed Friday's partial recovery from Thursday's losses. Regulatory risk remains a consideration for the crypto market. This week, the news headline was the EU parliamentary statement vote to introduce KYC for private wallets.
DOGE Share Price
At the time of writing, DOGE is up 0.79% to $0.1399.
technical indicators
DOGE will have to move through $0.1404 on the day pivot to make a run at the first major resistance level at $0.1428. DOGE would need the broader crypto market to support a move back to $0.1420 levels.
A prolonged rally would test the second major resistance level at $0.1467 and resistance at $0.15. The third major resistance level is located at $0.1530.
If it fails to move through the pivot, the first major support level at $0.1365 would be tested. Barring a sell-off, DOGE should stay away from levels below $0.1350. The second major support level lies at $0.1341.
looking at the Gold and the 4 hour candlestick chart (below) is a bullish sign. DOGE is at the 50 day EMA, currently at $0.1395. This morning, the 50 day EMA turned down to the 100 day EMA. The 100 day EMA turned away from the 200 day EMA after this week's bullish crossover; DOGO positive.
A breakout of the 50 day EMA would support a move back to $0.1450.
SHIB Price Action
At the time of writing, SHIB was up 0.46% to $0.00002606.
technical indicators
SHIB will need to move through $0.0000264 on the day pivot to make a run at the first major resistance level at $0.0000270. SHIB would need the broader crypto market to break out of $0.0000265.
A prolonged rally would test the second major resistance level at $0.0000281. The third major resistance level is located at $0.0000297.
If it fails to move through the pivot, the first major support level at $0.0000254 would come into play. Barring a sell-off, SHIB should stay away from levels below $0.000025. The second major support level is located at $0.0000248.
looking at the Gold and the 4 hour candlestick chart (below) is a bullish sign. SHIB is trading at the 50-day EMA at $0.0000260. This morning, the 50 day EMA turned down to the 100 day EMA. The 100 day EMA turned away from the 200 day EMA after Tuesday's bullish crossover.
A breakout of the 50 day EMA would bring levels of $0.000028 into play.
