Dogecoin, Shiba Inu, Uniswap Price Analysis: 06 April

ambcrypto.com:

Dogecoin’s three-week trendline resistance stood strong as it pulled back towards its $0.15-support. Now, bulls had to ensure the equilibrium of the RSI to prevent a further fallout.

Shiba Inu and Uniswap displayed a bearish edge on their 4-hour technical oscillators. Moreover, the latter marked oversold readings on its Bollinger bands and RSI.

Dogecoin (DOGE)

Source: TradingView, DOGE/USD

After nosediving from the $0.16-mark to test its long-term $0.11 floor, DOGE recovered in a rising wedge (white) on its 4-hour chart. The alt saw a nearly 40.5% ROI in the last three weeks while it reclaimed the vital $0.15-support.

The recent rally pushed DOGE above the near-term EMAs as the bulls pushed for an advantage. Now, the immediate barrier for the bulls stood at the $0.16-level.

At press time, DOGE traded at $0.1536. The RSI kept testing the overbought mark while maintaining the midline support. Any close below this support could lead to a retest of the 50 EMA (cyan). Meanwhile, the AO flashed a red bar after touching its record high on 6 April. Thus, keeping the possibility of a setback alive.

Shiba Inu (SHIB)

Source: TradingView, SHIB/USD

Despite the bearish resurgence, the buyers upheld the $0.021-mark, as they have for the last two months. Since its March lows, SHIB bulls initiated a nearly 40% rally before falling from its long-term trendline resistance (for simplicity, price is multiplied by 1000).

Since then, the sellers influenced the peaks while flipping the trendline support (yellow) from support to immediate resistance. As a result, the 20 EMA (red) looked south toward a possible bearish crossover with the 50 EMA (cyan).

At press time, SHIB traded at $0.02566. The RSI saw a patterned breakdown that led to a fall below the