Million

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>SHIBDOGE price is facing selling pressure and has slipped to the 100-day EMA mark.</a></li>
 <li><span>2</span> <a>The intraday trading volume dropped over 10% to $101,986 witnessing low volume activity.</a></li>
</ul>
<p>The SHIBDOGE price signifies neutrality and is facing selling pressure this week. Despite the notable surge over 130% in the first week of March, sellers remained active and slowly &amp; steadily eroded gains and covered their short positions. However, the trend is favoring the bounce and buy on dip structure may continue, but bulls need to hold the 100-day EMA, otherwise a panic selloff may be seen.</p>
<p>At press time, the Shibadoge token (SHIBDOGE) price was trading at $0.0001468 with an intraday gain of 0.10%, reflecting neutrality on the charts. It has a monthly return ratio of 36.20% and 4.30% on a yearly basis. The intraday trading volume dropped over 10% to $101,986 witnessing low volume activity, whereas the market cap is $18.06 Million. Analysts are neutral and suggest that SHIBDOGE price may rebound and cross the upside of $0.0002000 soon.</p>
<p>Over the past few sessions, the token has witnessed profit booking and retraced over 38% this month, replicating selling pressure on the charts. However, the token has reached the 100-day EMA mark and may continue to drag toward the 200-day EMA mark to $0.0001300.</p>
<h2 class="wp-block-heading" id="strong-shibdoge-price-to-volume-analysis-on-daily-timeframe-strong"><strong>SHIBDOGE Price To Volume Analysis On Daily Timeframe</strong></h2> 
<p><a href="https://www.tradingview.com/chart/SHIBDOGE/TMBlFgj4-SHIBDOGE-Token/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p>On the daily chart, the SHIBDOGE token price and volume indicate profit-booking in the last sessions. Moreover, the trend is neutral and the token delivered pump and dump volatile swings. During the first week of this month, bullish waves were noted and the token jumped over 120%. Afterward, the reversal happened, and the token started eroding gains&nbsp;</p>
<p>Per the Fib retracement levels, the <a href="https://www.thecoinrepublic.com/2024/03/23/shibadoge-crypto-slides-below-20-ema-a-prelude-to-bearish-trend/" rel="noopener noreferrer nofollow">SHIBDOGE price</a> has sustained above the 38.2% zone and is close to the mid bollinger band. However, the relative strength index (RSI) curve stayed below the midline and is showing a negative divergence suggests a continuation of retracement move for the next sessions.</p>
<p>The fully diluted market cap of the token is $18.06 Million and the volume to market cap ratio is 0.00446. SHIBDOGE stands at 3224 per the market cap in the global crypto market.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The SHIBDOGE price has retested the 100-day EMA mark and is delivering the bearish waves on the charts. However, the trend is neutral and the token may attain a rebound toward the upside of $0.0001500 soon. Conversely, the token persist in dragging gains, it may retest the 200-day EMA mark near $0.0001200 soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.0001400 and $0.0001320</p>
<p><strong>Resistance Levels</strong>: $0.0001550 and $0.0001620</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

SHIBDOGE Witnessed Retracement: Will It Retest 200-Day EMA Mark?

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Thecoinrepublic.com

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