Dogecoin vs Shiba Inu: Which Will Yield Higher Returns in June?

Dogecoin (DOGE) Daily Technical Outlook

Dogecoin (DOGE) is currently trading at $0.1647, marking a 0.30% increase. On the 4-hour chart, DOGE remains within an ascending channel.

The immediate resistance level is at $0.16583, closely followed by higher resistance levels at $0.17083 and $0.17461. The pivot point is positioned at $0.16458, which also coincides with the 50-day Exponential Moving Average (EMA).

A break above this pivot could potentially propel DOGE towards the upper resistance levels. Conversely, if DOGE fails to hold above this pivot, it might find support at $0.16156, with further potential declines to $0.15713 and $0.15164.

The Relative Strength Index (RSI) stands at 49.94, indicating a neutral market sentiment. The 50 EMA and 200 EMA, both around $0.16471, suggest a balanced trend.

Solana (SOL) Daily Technical Outlook

Solana (SOL) is trading at $167.98, experiencing a slight decline of 0.07%. The 4-hour chart shows that SOL is near the pivot point at $168.71 and is maintaining its position above an ascending trendline. Immediate resistance is observed at $175.79, with higher resistance levels at $183.26 and $188.63.

On the downside, if SOL falls below the pivot point, it may find support at $160.67, and further declines could test the levels at $154.95 and $149.10. The RSI at 51.18 indicates slight bullish momentum, while the 50 EMA provides support at $168.71.

This setup suggests that while there is potential for upward movement, caution is warranted around key support levels. In summary, both Dogecoin and Solana are navigating critical technical levels.

For DOGE, the key pivot point at $0.16458 will determine the next direction, while for SOL, maintaining the $168.71 level is crucial for potential movements.

Investors should monitor these levels closely for possible breakouts or breakdowns, as they will provide significant indicators for future price action.