{"id":11237,"date":"2022-03-20T06:34:33","date_gmt":"2022-03-20T06:34:33","guid":{"rendered":"http:\/\/egrowonline.com\/?p=11237"},"modified":"2022-03-20T06:34:33","modified_gmt":"2022-03-20T06:34:33","slug":"shib-jumps-8-with-doge-also-finding-strong-support","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=11237","title":{"rendered":"SHIB Jumps 8%, with DOGE also Finding Strong Support"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div>\n<h3 id=\"key-insights\">Key Insights:<\/h3>\n<ul>\n<li><strong>It was a bullish Saturday session for DOGE and SHIB, with SHIB surging by 8.20%.<\/strong><\/li>\n<li><strong>After trailing the broader market on Friday, DOGE and SHIB were among the front runners.<\/strong><\/li>\n<li><strong>Key technical indicators have turned bullish, with DOGE and SHIB moving through their 100-day EMAs.<\/strong><\/li>\n<\/ul>\n<p>It was a bullish day for <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/doge\" rel=\"noopener\">DOGE<\/a> and <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/shib\" rel=\"noopener\">SHIB<\/a> on Saturday. Bullish sentiment across the crypto market delivered upside on the day.<\/p>\n<p>Following a 2.41% gain on Friday, DOGE rallied by 2.41% to end the day at $0.1237. SHIB followed a 0.63% gain on Friday, with an 8.20% jump to end the day at $0.00002415.<\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<h2 id=\"shib-news-and-market-sentiment-delivers-solid-gains\">SHIB News and Market Sentiment Delivers Solid Gains<\/h2>\n<p>News of the SHIB community burning 189.7 million Shiba Inu delivered the upside for SHIB on the day.<\/p>\n<p>Shibburn announced the burning of 189.7 million SHIB on Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">In the past 24 hours, there have been a total of 180,744,627 <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$SHIB<\/a> tokens burned and 7 transactions. Visit <a target=\"_blank\" href=\"https:\/\/t.co\/t0eRMnyZel\" rel=\"noopener\">https:\/\/t.co\/t0eRMnyZel<\/a> to view the overall total of <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SHIB?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#SHIB<\/a> tokens burned, circulating supply, and more. <a target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/shibarmy?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">#shibarmy<\/a><\/p>\n<p>\u2014 Shibburn (@shibburn) <a target=\"_blank\" href=\"https:\/\/twitter.com\/shibburn\/status\/1505031316991094797?ref_src=twsrc%5Etfw\" rel=\"noopener\">March 19, 2022<\/a><\/p>\n<\/blockquote>\n<p>Broader crypto market sentiment also delivered support to SHIB and DOGE on the day.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/avax\" rel=\"noopener\">AVAX<\/a> (+4.65%) and <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/ada\" rel=\"noopener\">ADA<\/a> (+5.99%) also found strong support, while new-comer ApeCoin (<a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/apecoin-ape\/\" rel=\"nofollow noopener noreferrer\">APE<\/a>)slid by 10.28%.<\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<h2 id=\"doge-price-action\">DOGE Price Action<\/h2>\n<p>At the time of writing, DOGE was down 0.81% to $0.1227.<\/p>\n<figure id=\"attachment_940775\" aria-describedby=\"caption-attachment-940775\" class=\"wp-caption alignnone\" \/><\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-940775\" class=\"wp-caption-text\">Bulls eye a return to $0.13 levels.<\/figcaption><h2 id=\"technical-indicators\"><strong>Technical Indicators<\/strong><\/h2>\n<p>DOGE will need to avoid the day\u2019s $0.1221 <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/education\/article\/support-and-resistance-pivot-analysis-822845\" rel=\"noopener\">pivot<\/a>\u00a0to make a run on the First Major Resistance Level at $0.1264. DOGE would need the broader crypto market to support a move through Saturday\u2019s high of $0.1251.<\/p>\n<p>An extended rally would test the Second Major Resistance Level at $0.1291 and resistance at $0.13. The Third Major Resistance Level sits at $0.1358.<\/p>\n<p>A fall through the pivot would test the First Major Support Level at $0.1197. Barring an extended sell-off, DOGE should steer clear of sub-$0.118 levels. The Second Major Support Level sits at $0.1157.<\/p>\n<figure id=\"attachment_940774\" aria-describedby=\"caption-attachment-940774\" class=\"wp-caption alignnone\" \/><\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-940774\" class=\"wp-caption-text\">Avoiding a fall through the pivot would bring major resistance levels into play.<\/figcaption><p>Looking at the\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/education\/article\/the-complete-guide-to-trend-following-indicators-708117\" rel=\"noopener\">EMAs<\/a> and the 4-hourly candlestick chart (below), it is a bullish signal. DOGE sits above the 100-day EMA, currently at $0.1198. This morning, the 50-day EMA narrowed to the 100-day and the 200-day EMAs, delivering support. The 100-day EMA closed in on the 200-day EMA, also positive.<\/p>\n<p>A move through the 200-day EMA at $0.1261 would support a return to $0.13.<\/p>\n<figure id=\"attachment_940773\" aria-describedby=\"caption-attachment-940773\" class=\"wp-caption alignnone\" \/><\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-940773\" class=\"wp-caption-text\">Holding above the 100-day EMA would support a run at $0.13<\/figcaption><h2 id=\"shib-price-action\">SHIB Price Action<\/h2>\n<p>At the time of writing, SHIB was down by 1.53% to $0.00002378.<\/p>\n<figure id=\"attachment_940772\" aria-describedby=\"caption-attachment-940772\" class=\"wp-caption alignnone\" \/><\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-940772\" class=\"wp-caption-text\">Bulls eye a return to $0.000030 levels.<\/figcaption><h2 id=\"technical-indicators5\"><strong>Technical Indicators<\/strong><\/h2>\n<p>SHIB will need to move through the day\u2019s $0.0000239\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/education\/article\/support-and-resistance-pivot-analysis-822845\" rel=\"noopener\">pivot<\/a>\u00a0to make a run on the First Major Resistance Level at $0.0000257. SHIB would need the broader crypto market to break out from Saturday\u2019s high of $0.00002547.<\/p>\n<p>An extended rally would test the Second Major Resistance Level at $0.0000272. The Third Major Resistance Level sits at $0.0000305.<\/p>\n<p>Failure to move through the pivot would bring the First Major Support Level at $0.0000224 into play. Barring an extended sell-off, SHIB should steer clear of sub-$0.000022 levels. The Second Major Support Level sits at $0.0000206.<\/p>\n<figure id=\"attachment_940771\" aria-describedby=\"caption-attachment-940771\" class=\"wp-caption alignnone\" \/><\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-940771\" class=\"wp-caption-text\">Failure to move through the Pivot would leave support levels in play.<\/figcaption><p>Looking at the\u00a0<a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/education\/article\/the-complete-guide-to-trend-following-indicators-708117\" rel=\"noopener\">EMAs<\/a> and the 4-hourly candlestick chart (below), it is a bullish signal. SHIB sits above the 100-day EMA at $0.0000231 following Saturday\u2019s breakout. This morning, the 50-day EMA narrowed to the 100-day EMA, providing support. The 100-day EMA has also narrowed to the 200-day EMA, a bullish signal.<\/p>\n<p>A move back through the 200-day EMA, currently at $0.0000241 would bring $0.000025 levels back into play.<\/p>\n<figure id=\"attachment_940770\" aria-describedby=\"caption-attachment-940770\" class=\"wp-caption alignnone\" \/><\/div>\n<\/div>\n<div>\n<p><figcaption id=\"caption-attachment-940770\" class=\"wp-caption-text\">A move back through the 200-day EMA would support another breakout day.<\/figcaption><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/shib-jumps-8-with-doge-also-finding-strong-support-940769\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Insights: It was a bullish Saturday session for DOGE and SHIB, with SHIB surging by 8.20%. After trailing the broader market on Friday, DOGE and SHIB were among the front runners. Key technical indicators have turned bullish, with DOGE and SHIB moving through their 100-day EMAs. It was a bullish day for DOGE and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[291,6447,3622,557,2167,216],"class_list":["post-11237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-finding","tag-jumps","tag-shib","tag-strong","tag-support"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/shutterstock_2074485805-1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11237"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11237\/revisions"}],"predecessor-version":[{"id":11239,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11237\/revisions\/11239"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/11238"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11237"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}