Dogecoin and Shiba Inu: Dogecoin is holding at 0.07400
- Dogecoin price is still under pressure to stay above the 0.07400 level.
- The Shiba Inu price manages to hold above the 0.00001000 level.
Dogecoin chart analysis
Dogecoin price is still under pressure to stay above the 0.07400 level. If we continue to hold here, there could be a breakout below and the formation of this week’s new low. The potential next support is the 0.07350 level, and if it also fails, the price would retreat to last week’s support zone. Potential lower targets are 0.07300 and 0.07250 levels.
We need a positive consolidation and a move above the 0.07500 level for a bullish option. Then, we need to maintain ourselves up there so that we can continue our recovery from there. Potential higher targets are 0.07550 and 0.07600 levels.
Shiba Inu Chart Analysis
The Shiba Inu price manages to hold above the 0.00001000 level. For now, we have support at that level, but Shiba cannot form a new higher high and launch a bullish option. It would be necessary to move above the 0.00001040 level and to form a new bottom there, from which we would start the continuation of the recovery. Potential higher targets are the 0.00001060 and 0.00001080 levels.
We need a negative consolidation and a break below the 0.00001000 support level for a bearish option. Additional support in that zone is the EMA50 moving average. A price drop below these two levels would see us continue to pull back and test lower support levels. Potential lower targets are the 0.00000980 and 0.00000960 levels.
