Dogecoin and Shiba Inu: Doge slipped to 0.06600 level
- Dogecoin fell to a new low this morning at the 0.06584 level.
- Shiba Inu price drops to a new low at 0.00000895 level.
Dogecoin chart analysis
The price of Dogecoin fell to a new low this morning at the 0.06584 level. After that, we see a price recovery to the 0.06800 level, where we encounter new resistance and start another pullback. We could find ourselves retracing the previous low, and we could even see a breakout below. Potential lower targets are 0.06400 and 0.06300 levels.
We need a positive consolidation and price movement above the 0.06800 level for a bullish option. Then, we would have to stay up there in order to initiate a continuation to the bullish side with the new consolidation. Potential higher targets are 0.06900 and 0.07000 levels.
Shiba Inu chart analysis
Shiba Inu price drops to a new low at 0.00000895 level. After that, we tried to start a recovery, but we stopped at the 0.00000935 level. We encounter resistance and make a new pullback to the previous support level. Potential lower targets are the 0.00000880 and 0.00000860 levels.
We need a new positive consolidation and a move to the zone around the 0.00000940 level for a bullish option. Then we need a breakout above and try to stay up there. With a new impulse, the price would start a continuation of the recovery. Potential higher targets are the 0.00000960 and 0.00000980 levels. We would have additional resistance in the upper level in the EMA50 moving average and need a breakthrough above for further continuation.
