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EdaFace Newsfeed > Latest News > Technical Analysis > October 11 Predictions for SHIB, DOGE, SOL and Bitcoin (BTC)
Technical Analysis

October 11 Predictions for SHIB, DOGE, SOL and Bitcoin (BTC)

vitalclick
Last updated: October 10, 2024 11:22 pm
2 years ago
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Bitcoin $60,797 price It has fallen significantly in the last 24 hours, dropping back below $59,000. It is back to $59,700 for now. The decline is not surprising due to the overlap of many negative news, but investors who were hopeful for the last quarter continue to be disappointed.

SHIB and DOGE CommentaryBitcoin and Solana (SOL)

SHIB and DOGE Commentary

After testing the parallel channel support at $0.0000208 SHIB price went into decline. Even though a new attempt was made at $0.00001878, as you can see from the long upper wicks, investors were not very optimistic about the short-term market prospect, so they considered them as a selling opportunity. As a matter of fact, they were right. At this stage, if we start to see closings below $ 0.00001599, a decrease to the level of $ 0.00001427 may be seen.

dogecoin $0.106542 (DOGE) is trying to reclaim the key $0.105 level. Bitcoin (BTC) In an environment where its decline continues, new needles may be seen at 0.0985, 0.093 and 0.089 dollars. Investors will look for closes above $0.11 in a possible rapid rise, and the peak at $0.132 will be targeted.

Bitcoin and Solana (SOL)

BTC failed to sustain key levels at $63,000 and $61,700. Something similar to the $10,000 drop that occurred after the previous $65,000 test was triggered after the $67,000 attempt and is still ongoing. Investors are rightfully concerned about the risk of a new attempt at $53,000. The key to watch is $58,909 at the moment. Lower down, we may see needles towards $52,500, followed by $57,500 and $55,800.

SOL Coin It is preparing to move towards the bottom at $125 again. Depending on BTC price performance, we may see another movement between $125-145, as we mentioned before.

$134 and $125 are the current close targets. However, in the possible recovery, $148 and $162 may be retested. Although the targets are clear, the direction will be determined by the breakout movement that we are likely to see soon in the BTC price. SOL Coin Many cryptocurrencies, including BTC, have been dying under the pressure of the price squeeze for 216 days. We should see the direction of the markets determined by the November elections or FTX returns.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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