🚨 Watch out for meme-themed cryptocurrencies ahead of the FOMC meeting! 🚨
Dogecoin and Shiba Inu coin are both at critical junctures, with the market anticipating a 25 basis point rate cut by the FOMC. A weak macroeconomic outlook could put pressure on risk assets, but both charts show key price levels that traders must watch.
🐶 Dogecoin (DOGE)
Dogecoin is attempting to break through 0.142, a major resistance level formed by the downtrend line from late October and the 20-day moving average—a level Dogecoin hasn't held since early October.
Bullish Breakout:
A valid break above 0.142 → Next target is the 50-day moving average
Then, the next major target is 0.180
Bearish Scenario:
Support is at 0.131
A break below this support level → Could fall to 0.100
RSI and Stochastic indicators remain neutral—price increases could give bulls the upper hand in the short term. 🐕🔥 Shiba Inu (SHIB)
SHIB is hovering near the 0.0000087 resistance level—a level that coincides with the 20-day moving average, the resistance level for all rallies over the past two months.
Bullish Breakout:
Break 0.0000087 → Next target 0.0000097
Price must break through: 50-day moving average → 100-day moving average → 200-day moving average
After breaking through all these moving averages, SHIB could attempt to reach 0.0000123.
Bearish Scenario:
If rejected, the price could fall to 0.0000076 (strong support level).
RSI and Stochastic indicators are near neutral—upward confirmation could trigger upward momentum.
🔍 Summary
Dogecoin and SHIB are awaiting the impact of the FOMC meeting.
Interest rate cuts may cause short-term pressure—but a decisive break above key moving averages could trigger a rapid upward trend.
Macroeconomics + Technical Analysis = A pivotal moment for Memecoin.
#Memecoin #WriteToEarnUpgrade #CryptoInsights #CryptoNews #BinanceSquare $SHIB
{Spot}(SHIBUSDT)
$DOGE
{Futures}(DOGEUSDT)



