Dogecoin and Shiba Inu: Doge Hits New High at 0.13500
- The price of Dogecoin jumped this morning to a new high at the $0.13500 level.
- The price of Shiba Inu led us this morning to a new high at the $0.00001475 level.
Dogecoin chart analysis
The price of Dogecoin jumped this morning to a new high at the $0.13500 level. We managed to surpass yesterday’s high at $0.12335 and form a new one. Currently, we are witnessing a price retracement and a slowdown in the bullish option. We pulled back to the $0.12600 level and are trying to hold here. The inability to sustain the above leads to a drop below and the formation of a new low. With that move, we increase the chances for the bearish option.
Potential lower targets are the $0.12500 and $0.12250 levels. Today’s open price of Dogecoin was at the $0.11585 level, and perhaps we could attempt to retest that level before initiating a new bullish consolidation. The EMA200 moving average remains low at the $0.09500 level.
Shiba Inu chart analysis
The price of Shiba Inu led us this morning to a new high at the $0.00001475 level. After that, there is a decrease in volume, and the price starts to retreat. Currently, we are at the $0.00001360 level, and we will try to seek support at the $0.00001350 level. If we succeed, we’ll be back on the bullish side. Returning above the $0.00001400 level and maintaining above it would mean a lot to us.
With a new impulse, we would have the opportunity to attack the previous high. Potential higher targets are the $0.00001450 and $0.00001500 levels. A price drop below the $0.00001350 level leads us to the bearish side, increasing negative pressure. We would be forced to slide lower and seek a new support level. Potential lower targets are the $0.00001300 and $0.00001250 levels.
