Dogecoin and Shiba Inu: Dogecoin climbs to 0.06800 level
- Dogecoin pulled back to the 0.06600 level yesterday and is finding support there.
- Yesterday’s decline in the price of Shiba Inu stopped at the 0.00000740 level.
Dogecoin chart analysis
Dogecoin pulled back to the 0.06600 level yesterday and is finding support there. After that, we see a positive consolidation that takes us above the 0.06700 level and above the EMA50 moving average. This had a positive effect on the price, which continued to recover and move towards the 0.06800 level. Potential higher targets are 0.06900 and 0.07000 levels.
We need a negative consolidation and a new price decline to the 0.06600 level for a bearish option. Then we need a break below to continue to the bearish side. We would again fall below the EMA50 moving average, which could negatively reflect the continuation of the trend. Potential lower targets are 0.06500 and 0.06400 levels.
Shiba Inu Chart Analysis
Yesterday’s decline in the price of Shiba Inu stopped at the 0.00000740 level. After which, the price consolidates at that level and begins to recover. We quickly climbed above the 0.00000750 level and are now testing the 0.00000760 level. Additional price pressure at that level creates the EMA50 moving average. We need a break above if we want to see further recovery. Potential higher targets are 0.00000770 and 0.00000780 levels.
We need a negative consolidation and pullback to yesterday’s support zone for a bearish option. A fall below it would form a new lower low, and we could see a bearish continuation. Potential lower targets are the 0.00000730 and 0.00000720 levels. So we would go back to testing last week’s support zone.
