analysis, doge, dogecoin, shib, shiba inu

Meme coins were trading lower on Friday, as markets reacted to the latest U.S. nonfarm payrolls report. The data showed that 263,000 jobs were added to the United States economy in September, versus the 250,000 expected. Both dogecoin and shiba inu fell for a third consecutive session.

Dogecoin (DOGE)

Dogecoin (DOGE) fell for a third consecutive session on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report.

DOGE/USD slipped to an intraday low of $0.06201 in today’s session less than 24 hours after hitting a peak of $0.06511.

Today’s decline saw the token continue to fall below its resistance point of $0.0640, moving closer to a floor of $0.0590.

analysis, doge, dogecoin, shib, shiba inu

DOGE/USD – Daily Chart

Looking at the chart, today’s drop in price comes as the 14-day relative strength index (RSI) fell below a floor of its own.

As of writing, the index is tracking at 50.63, which is marginally below its recent support point of 52.00.

The 10-day (red) moving average (MA) continues to hover above its 25-day (blue) counterpart, which remains a positive sign for bulls hopeful of a rebound.

Shiba Inu (SHIB)

Shiba Inu (SHIB) was also on day three of recent declines, with the token moving closer to a key support point.

Following a high of $0.00001138 on Thursday, SHIB/USD slipped to a bottom of $0.000011 earlier in the day.

This drop saw the meme coin move towards its floor of $0.00001080, which has mostly been in place since September 18.

analysis, doge, dogecoin, shib, shiba inu

SHIB/USD – Daily Chart

Despite this recent sell-off, the 10-day moving average on shiba inu was set for an upwards cross with the 25-day MA.

Should this take place, we could potentially see SHIB move back towards a ceiling of $0.00001170.

As of writing, the RSI is now tracking at 44.91, which is just above a support point of 44.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect the token to continue to fall this weekend? Let us know your thoughts in the comments.

NEWS RELATED

El Salvador Establishes National Bitcoin Office to Manage 'All Projects Related to the Cryptocurrency'

After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was ...

View more: El Salvador Establishes National Bitcoin Office to Manage 'All Projects Related to the Cryptocurrency'

Report: State Securities Regulators Probe Crypto Lender Genesis

State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have violated securities laws without filing the proper registrations. ...

View more: Report: State Securities Regulators Probe Crypto Lender Genesis

Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

This year, the number of tokenized bitcoins hosted on alternative blockchains like Ethereum, has dropped a great deal. Last January the number of wrapped bitcoin (WBTC) issued on the Ethereum blockchain was around 266,880 WBTC and since then, the number has dropped by more than 15% down to 225,962 ...

View more: Supply of Tokenized Bitcoin Dropped Significantly Since the Start of the Year

Biggest Movers: DOGE Hits 3-Week High on Saturday

Dogecoin surged to a three-week high to start the week, as the token rallied for a second consecutive session. Overall, the meme coin has now traded higher for four of the last five days. Quant was another notable gainer in today’s session, moving to an eight-day peak. Dogecoin (DOGE) ...

View more: Biggest Movers: DOGE Hits 3-Week High on Saturday

Dogecoin Price Prediction as DOGE Shoots Up 13% - Can it Reach $1 by 2023?

Dogecoin price prediction is positive, as it has risen above $0.0870 and is now trading at $0.0910. Dogecoin, on the other hand, is struggling below the $0.0965 resistance level, which is extended by a 38.2% Fibonacci retracement level and a double top resistance level. Let’s take a closer look ...

View more: Dogecoin Price Prediction as DOGE Shoots Up 13% - Can it Reach $1 by 2023?

Bitcoin, Ethereum Technical Analysis: ETH Surges Above $1,200 to Start the Weekend

Ethereum was back above $1,200 on Saturday, as bullish sentiment returned to cryptocurrency markets to start the weekend. Following recent stints in the red, the global crypto market cap is trading 1.91% higher as of writing. Bitcoin was also back in the green. Bitcoin Bitcoin (BTC) was marginally higher ...

View more: Bitcoin, Ethereum Technical Analysis: ETH Surges Above $1,200 to Start the Weekend

Bitget Launches Major Campaign With Messi to Reignite Confidence in the Crypto Market

press release PRESS RELEASE. Seychelles, Nov 26, 2022 – Leading global cryptocurrency exchange, Bitget, has announced a series of marketing campaigns with Lionel Messi, the Argentinian Football legend, with the launch of the brand film to celebrate the 2022 World Cup. With this USD 20 Million investment in campaigns ...

View more: Bitget Launches Major Campaign With Messi to Reignite Confidence in the Crypto Market

Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these new technologies and that governments have ...

View more: Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report

'Cryptocurrencies Like Bitcoin Make Global Commerce Easy' — Founder of Nigerian Crypto Exchange

Bank of Japan to Launch Digital Yen Pilot Program Next Year

Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says

UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail

10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e

Prospects Don’t Look so Hot for Sam Bankman-Fried's Invitation-Only Crypto Bahamas Event

Dogecoin Gets Double-Digit Black Friday Pump

Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

RLWC 2021 Concluded: CoinEx Witnesses the Big Moments as the Exclusive Cryptocurrency Trading Platform Partner

Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon

Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network