Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06800
- In the previous 24 hours, Dogecoin was held around the 0.06800 level.
- Shiba Inu’s price is stable above the 0.00000790 level today.
Dogecoin chart analysis
In the previous 24 hours, Dogecoin was held around the 0.06800 level. We have a slight bullish consolidation, and the price is slowly rising without major oscillations on the chart. In the rest of the day, we could expect to see a recovery to the 0.06900 level. The next target is the 0.07000 level and the EMA50 moving average.
We need a negative consolidation and pullback to the 0.06700 support level for a bearish option. A price break below would drop us to a test of the June 0.06500-0.06600 support zone. Today we hope for a recovery.
Shiba Inu Chart Analysis
Shiba Inu’s price is stable above the 0.00000790 level today. We are now in a sideways consolidation, with slightly bullish indicators that there could be a price recovery. First, we need a break above the 0.000000800 level; then we need to hold on there.
With a new positive consolidation, we would start the continuation of the price recovery of the Shiba Inu. Potential higher targets are the 0.00000810 and 0.00000820 levels. We need a negative consolidation and pullback to the 0.00000780 support level for a bearish option. Falling below would mean further weakening and the formation of a lower low. Potential lower targets are the 0.00000770 and 0.00000760 levels.
