Bullish actions welcome Sunday, with Shiba Inu and Dogecoin planning to consolidate yesterday’s gains and eye current weekly peaks during the day.

  • Dogecoin and Shiba Inu saw bullish sessions on Saturday.
  • The meme tokens received upside support from the broad cryptocurrency market sentiment.
  • Primary technical indicators display bullishness, with SHIB steadying beyond the 200-day Exponential Moving Average and DOGE beyond the 50-dayEMA.

The meme coins SHIB and DOGE recorded bullish moves on Saturday. The upside motion emerged as the overall crypto market presented bullish sentiment. For now, the canine-themed crypto eyes current weekly peaks after securing support during the weekend.

Dogecoin gains 3.97% to partially reverse Friday’s 4.32% drop, ending Saturday at $0.1361. Also, Shiba Inu gained 1.33% to moderately erase the 2.27% drop from Friday, hovering around $0.00002444 as yesterday ended.

Elsewhere, the altcoin market saw increases. ADA gained 5.10%, leading the day’s gainers. Avalanche (2.95% sure) and Solana (up 3.18%) also secured dependable support. Modest gains came from LUNA (1.56% high), XRP (1.02% gain), BNB (1.39% rise) and Ethereum (1.36% surge).

Crypto Markets Sentiment

Saturday did not see massive headlines to improve market sentiment. Meanwhile, BTC’s gradual move towards the $45K mark ensures broad market support. Bitcoin gained 0.77% on Saturday, ending its day at around $44,536.

Dogecoin Price Action

Dogecoin traded near $0.1373, at this writing, following a 0.88% upsurge. Bullishness early on the day saw the meme token testing its first crucial resistance around $0.1390 before retracements surfaced.

DOGE should keep the day’s pivot of $0.1341 for another surge towards the resistance at $0.1390. Broad market support remains essential for the crypto to surge past $0.1380. Extended upside will see the coin testing the second hurdle at $0.1420. DOGE’s third resistance stands at $0.1499.

Losing ground near the pivot would see DOGE hitting the first crucial support at $0.1311. The token should avoid sub-$0.1300 barring continued declines. The 2nd dependable support stands at $0.1262.

Shiba Inu Price Action

While publishing this blog, SHIB traded 0.90% up at $0.00002466. Bullish actions earlier on the day had the crypto testing the initial resistance at $0.0000248 before retracing. Keeping the pivot at $0.0000244 would trigger a move towards the resistance at $0.0000248. Global market support would support the coin beyond its morning peak at $0.00002478.

Extended surges would see BTC testing the 2nd resistance at $0.0000252. SHIB’s third resistance sits near $0.0000261.

Losing the pivot zone will trigger downswings towards the initial support at $0.0000240. Shiba Inu will discover the second support at $0.0000235. This value area should limit Shiba Inu’s downside.