Monero/U.S. dollar(XMRUSD) Elliott Wave Technical Analysis 14 September 23
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By CryptoSaint · Posted
Compared to other meme tokens, Dogecoin (DOGE) currently acts as the "dark horse." It hasn't yet participated in a significant rally or reached new highs, indicating potential for upward movement. Resistance and Potential Breakthrough Dogecoin price is currently challenging the resistance zone between $0.170 and $0.180. If it successfully breaches this barrier, it could significantly amplify its upward trend, with the next target for buyers at $0.197. Possible Correction and Support Levels In the event of a correction, DOGE is expected to test the support zones at $0.147 to $0.150 and $0.136 to $0.142. SHIB: Poised for Growth For the last two weeks, Shiba Inu (SHIB) has been trading within a wide flat range, fluctuating between the buying zone at $0.0000235–$0.0000241 and the selling zone at $0.0000260–$0.0000270. The token is showing strong potential for growth. Factors Driving SHIB's Potential There are two main factors at play: ongoing enthusiasm for meme tokens and significant interest in the Ethereum blockchain, which hosts Shiba Inu, especially following the recent approval of an ETF. Expected Growth and Targets As a result, Shiba Inu stock is expected to accelerate its growth soon, potentially testing new highs, with an immediate target of $0.0000282. Possible Correction and Support Levels While a corrective scenario is possible, it would likely be a temporary setback within an overall upward trend. Key support zones are currently at $0.0000210–$0.0000225. -
By BashJasper · Posted
Interesting times lie ahead for Bitcoin network. Will it suits into the DeFi protocol ecosystem or do we need some tweaks and tricks to get BTC even more relevant in the DeFi space? Only time will tell but HiveSwap seems a promising prospect but let's see how it performs in terms of volume of transactions it can handle and security. -
By BashJasper · Posted
Interesting times lie ahead for Bitcoin network. Will it suits into the DeFi protocol ecosystem or do we need some tweaks and tricks to get BTC even more relevant in the DeFi space? Only time will tell but HiveSwap seems a promising prospect but let's see how it performs in terms of volume of transactions it can handle and security.
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