Original U.Today article

BTC, DOGE, and SHIB Price Analysis for February 14

Have the meme coins found their support levels so far?

Mon, 14/02/2022 - 16:26

BTC, DOGE, and SHIB Price Analysis for February 14

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The new week has started with neutral sentiment in the market as some coins are trading in the green zone while others remain in the red.

BTC/USD

Over the weekend, buyers tried to push the price of Bitcoin (BTC) back above the two-hour EMA55 but could not overcome the resistance of the average price level.

By the end of the week, the pair slipped back below $42,450, and the price of BTC tested the Point Of Control (POC) indicator line ($41,650).

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If the POC line does not hold the price during short-term consolidation, then the decline can continue to the psychological level of $40,000. If bulls find support, then they may try to gain a foothold above the EMA55 moving average again.

Bitcoin is trading at $42,503 at press time.

DOGE/USD

DOGE is the main loser today, falling by more than 5% since yesterday.

Despite the fall, the price of the meme coin is located close to the resistance level at $0.1506. Thus, the buying trading volume is going up, confirming the bulls' power.

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If the daily candle fixes around the $0.15 area, there is a high chance of seeing the breakout within the next few days.

DOGE is trading at $0.1461 at press time.

SHIB/USD

SHIB is outperforming DOGE, however, it is also under the bears' pressure, going down by 4%.

Despite the fall, SHIB keeps trading in the channel between the zone of the most liquidity, which serves as the resistance, and the support at $0.00002537. If buyers can seize the initiative and get the rate to the mark of $0.000031, the price can break the resistance and go to $0.000040 until the end of the week.

SHIB is trading at $0.000030 at press time.

#Bitcoin Price Prediction #Dogecoin Price Prediction #Shiba Inu (SHIB) Price Prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.