Safemoon, Ethereum & Dogecoin — Asian Wrap 15 Nov

Safemoon (SAFEMOON) price is stuck in a sharp correction following the initial nose dive last week after breaking the high of June. Safemoon price sees bears pushing Safemoon price further downwards, almost but fully reversing the gains. Support is coming in at $0.00000289 and could potentially trigger a new breakout like three weeks ago.

Ethereum (ETH) is becoming a bit of an outlier in cryptocurrencies as most of the pairs are taking a breather these past few days after a strong bull run. ETH price is an exception as price remains elevated, helped by tailwinds of growing media attention and growing interest from the broader public. Even the Relative Strength Index (RSI) that is flirting with overbought does not seem to bother investors at this moment, with ETH price targeting $6,500 on the monthly R3 resistance level.

 

Dogecoin (DOGE) price has been in an uptrend since April but has seen some whipsaw price action along the way. Nonetheless, the lower end of the DOGE price reaction has been supported continuously by bulls around the green ascending trend line.  As the price squeeze sees lower highs and higher lows, expect a bullish breakout towards $0.53.


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