Memecoins Price Prediction: Dogecoin, Shiba Inu test key resistance levels ahead of FOMC meeting
Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) are testing key resistance levels ahead of the Federal Open Market Committee (FOMC) interest rate decision on Wednesday. With market participants expecting a 25-basis-point rate cut, both memecoins could face pressure near key levels.
  • Dogecoin could test $0.180 if it flips a descending trendline resistance and the 20-day EMA.
  • SHIB eyes a rise to $0.0000097, but must clear $0.0000087 and the 50-day EMA.
  • A rate cut in the upcoming FOMC meeting could put DOGE and SHIB under pressure.

Memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) are testing key resistance levels ahead of the Federal Open Market Committee (FOMC) interest rate decision on Wednesday. With market participants expecting a 25-basis-point rate cut, both memecoins could face pressure near key levels.

DOGE could flip descending trendline resistance

Dogecoin is looking to rise above the $0.142 level, but it faces a key descending trendline resistance extending from October 27. The resistance is strengthened by the 20-day Exponential Moving Average (EMA), which DOGE has failed to sustain a rise above since the October 10 crash.

A firm move above the descending trendline could see DOGE rise past the 50-day EMA to test the $0.180 resistance.

DOGE/USDT daily chart

On the downside, DOGE could find support near $0.131. The top memecoin risks a further decline to the $0.100 psychologically important level if it breaks below $0.131.

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are approaching their neutral level. A firm cross above will flip the momentum toward bullish dominance.

SHIB eyes $0.0000097 but faces EMAs’ test

Shiba Inu is testing the $0.0000087 resistance level. The level coincides with the 20-day Exponential Moving Average (EMA), which has proven a critical resistance over the past two months. 

A move above $0.0000087 and the 20-day EMA could see SHIB rise to test the $0.0000097 resistance. However, it has to clear the 50-day EMA on the way up. Further up, SHIB faces resistance at the 100-day and 200-day EMAs before it can stage a move to $0.0000123.

SHIB/USDT daily chart

On the downside, SHIB could decline to $0.0000076 if it sees a rejection at $0.0000087.

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are testing their neutral levels. A cross above will accelerate a dominant bullish momentum.

Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite

COTATIONS EN DIRECT

Nom / Symbole
Graphique
% Variation / Prix
BTCUSD
Variation 1 jour
+0%
0
ETHUSD
Variation 1 jour
+0%
0
LTCUSD
Variation 1 jour
+0%
0

TOUT SUR CRYPTO

Explorer Plus d'Outils
Académie de Trading
Parcourez une large gamme d'articles éducatifs couvrant les stratégies de trading, les perspectives de marché et les fondamentaux financiers, le tout en un seul endroit.
En Savoir Plus
Cours
Explorez des cours de trading structurés conçus pour soutenir votre croissance à chaque étape de votre parcours de trading.
En Savoir Plus
Webinaire
Rejoignez des webinaires en direct et à la demande pour obtenir des perspectives de marché en temps réel et des stratégies de trading d'experts de l'industrie.
En Savoir Plus