Shiba

Cryptocurrency

FLOKI

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-trends-and-predictions-3/" data-wpel-link="internal">Insights on Cryptocurrency Market Trends and Predictions</a><br></p>
<p style="text-align: justify">Generally, the cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">markets</a> trade on expectations, which is why many altcoins can experience massive growth and declines. Credible assets with future-oriented goals attract more attention and secure their place in wallets. Despite BTC’s price lingering around the $62,000 mark, there are still altcoins that attract interest.</p> 
<h2 style="text-align: justify" id="floki-coin-commentary">FLOKI Coin Commentary</h2> 
<p style="text-align: justify"><strong>Floki Inu</strong> was among the top 5 fastest-growing meme coins last week with a 10.7% increase. FLOKI Coin maintains its strong stance driven by <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>‘ belief in the future of bull markets. Particularly in bull markets, the right meme coin projects can experience significantly more growth compared to other altcoins.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-349248 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/floki-coin.png" alt="" width="1161" height="706"></p> 
<p style="text-align: justify">During this year’s rapid rise, FLOKI Coin investors avoided selling despite profitability rates exceeding 90%. The abundance of investors confident in further increases naturally allows for higher peaks to be reached.</p> 
<h2 style="text-align: justify" id="shiba-inu-shib">Shiba Inu (SHIB)</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/shiba-inu-coin-surges-as-investor-interest-grows/" data-wpel-link="internal">Shiba</a> Inu</strong> began to fall below the 50-day SMA (0.000026) on May 6 and continues today with a daily loss of 2%. The indecision between bulls and bears persists, but the negativity in BTC prices has led to bears becoming dominant. The symmetric triangle on the chart highlights a potential drop to $0.000017.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-349249 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/shib-grafik.png" alt="" width="1305" height="764"></p> 
<p style="text-align: justify">If we see a bounce from the support line of the triangle, lower-level demand could open the door to new peaks. Of course, the overall <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> sentiment will also be decisive here.</p> 
<h2 style="text-align: justify" id="doge-price-prediction">DOGE Price Prediction</h2> 
<p style="text-align: justify">A similar situation to Shiba Coin is also present here. The largest meme coin by market value, <strong>DOGE</strong> has fallen below the key support level of the 50-day SMA. At the time this was written, it was finding buyers at $0.147.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-349250 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/doge-grafik-.png" alt="" width="1277" height="741"></p> 
<p style="text-align: justify">On May 7, the price also fell below the 20-day EMA ($0.15), clearly showing a lack of general risk appetite. Bears will try to strengthen their positions and push the price down to the $0.12 support. In the upcoming period, the price may fluctuate between the 20-day EMA and the 50-day SMA. Closures below $0.12 will complete a head-and-shoulders formation and start a downtrend.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-trends-and-predictions-3/" data-wpel-link="internal">Insights on Cryptocurrency Market Trends and Predictions</a></h5>

Insights on Cryptocurrency Market Trends and Predictions

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