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- Dogecoin clung to a support level while Shiba Inu bears found relatively more success
- Bearish pressure is expected to continue rising this week
Dogecoin [DOGE] and Shiba Inu [SHIB] both saw more than 15% losses since the early hours of the 14th of March. This came alongside weakness for Bitcoin [BTC] whose bulls were unable to defend the $70k level.
狗狗币坚守支撑位,而柴犬熊取得相对更大的成功预计本周看跌压力将继续上升狗狗币 [DOGE] 和柴犬 [SHIB] 自 3 月 14 日凌晨以来均下跌超过 15%。与此同时,比特币也表现疲软,多头无法守住 7 万美元的水平。
The price action indicated that the meme coins were headed for more losses, but the long-term trend remained bullish. Yet, investors and traders could be concerned about the possibility of a lengthy consolidation phase in the coming weeks and months.
价格走势表明,米姆币将遭受更多损失,但长期趋势仍然看涨。然而,投资者和交易员可能担心未来几周和几个月可能出现漫长的盘整阶段。
The memecoins could see a deeper pullback
The 12-hour Dogecoin chart showed that the $0.159 support level has been defended over the past week. The market structure remained bullish and would remain so until prices fall below the $0.126 level.
12 小时狗狗币图表显示,过去一周一直守住 0.159 美元的支撑位。市场结构仍然看涨,并将持续下去,直到价格跌破 0.126 美元的水平。
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Yet, the RSI has trended lower in the past ten days and was close to falling below the neutral 50 mark at press time. This would indicate a shift in momentum in favor of the bears. The OBV also saw a minor dip in March, but nothing that could shift the trend downward.
然而,RSI 在过去十天里呈走低趋势,截至发稿时已接近跌破中性 50 关口。这将表明势头转向有利于空头。 3 月份 OBV 也出现小幅下跌,但没有任何因素可以改变趋势向下的趋势。
The Fibonacci levels showed that the $0.1085, $0.129, and the $0.144 support levels would present buying opportunities upon a retest. Yet, investors must beware of a long consolidation phase that could follow the rapid gains that DOGE saw recently.
斐波那契水平显示,重新测试后,0.1085 美元、0.129 美元和 0.144 美元的支撑位将带来买入机会。然而,投资者必须警惕 DOGE 最近快速上涨后可能出现的长期盘整阶段。
Shiba Inu presented a similar outlook to that of Dogecoin. The interest in the meme coins has begun to fade, although sellers were not the dominant side yet. The RSI was at 48 at press time on the 12-hour chart.
柴犬的前景与狗狗币类似。尽管卖家还不是主导方,但人们对模因币的兴趣已经开始消退。截至发稿时,12 小时图上的 RSI 为 48。
A move below the $0.0000255 level would shift the market structure bearishly on the lower timeframes. This could see SHIB fall to the 61.8%-78.6% retracement levels. The OBV did not plummet dangerously which gave hope to the bulls.
跌破 0.0000255 美元水平将使市场结构在较短的时间范围内发生看跌变化。这可能导致 SHIB 跌至 61.8%-78.6% 的回撤水平。 OBV 并未出现危险的暴跌,这给多头带来了希望。
Bulls should have a bullish outlook for SHIB on the higher timeframes but the possibility of a deep pullback could present a buying opportunity. The lower timeframes can also be assessed to understand when the bulls would be back in control.
在较长的时间框架内,多头应该看好 SHIB 的前景,但深度回调的可能性可能会带来买入机会。还可以评估较低的时间框架,以了解多头何时会重新掌控局面。
On-chain selling activity peaked in early March
How much are 1, 10, or 100 DOGE worth today?
今天 1、10 或 100 DOGE 值多少钱?
The two meme coins gained enormous amounts in late February- 382% for SHIB and 145% for DOGE. The dormant circulation saw a huge spike on on the 2nd of March for Shiba Inu, and the 6th of March for Dogecoin.
这两种 meme 代币在 2 月底获得了巨大的收益——SHIB 上涨了 382%,DOGE 上涨了 145%。柴犬的休眠流通量在 3 月 2 日出现大幅飙升,狗狗币的流通量在 3 月 6 日出现大幅飙升。
This signaled large token movements and possible selling pressure from profit-takers. The weighted sentiment of DOGE remained positive but Shiba Inu saw more neutrality on social media.
这标志着代币的大幅波动以及获利者可能面临的抛售压力。 DOGE 的加权情绪仍然积极,但柴犬在社交媒体上看到了更多的中立性。
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
免责声明:所提供的信息不构成金融、投资、交易或其他类型的建议,仅代表作者的意见。
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