Dogecoin and Shiba Inu: Dogecoin is rising above 0.06400
- The price of Dogecoin this morning managed to start a bullish consolidation and break through the 0.06400 level.
- Shiba Inu price continues bullish consolidation up to 0.00000750 level.
Dogecoin chart analysis
The price of Dogecoin this morning managed to start a bullish consolidation and break through the 0.06400 level. A new high was formed at the 0.06490 level, and if today’s consolidation continues, we could see a price break above the 0.06500 level. Potential higher targets are 0.06600 and 0.06700 levels.
We need a price pullback below the 0.06400 level for a bearish option. Such a move would push us away from the upper line of the moving channel and send us up to the 0.06300 level. At that level, additional support for the price is the EMA50 moving average, and there we could see a halt to the Dogecoin price pullback. Potential lower targets are the 0.06200 and 0.06100 levels.
Shiba Inu Chart Analysis
Shiba Inu price continues bullish consolidation up to 0.00000750 level. Yesterday we received support in the EMA50 moving average, which positively affected the price movement. We are now at the 0.00000740 level and looking for support here before moving towards 0.00000760, the previous high. Potential higher targets are the 0.00000780 and 0.00000800 levels.
Should there be a negative consolidation and pullback, the Shiba Inu price would trigger a bearish option. We would look for the first support at the 0.00000720 level. We would again encounter the EMA50 moving average in that zone and again try to get its support. Potential lower targets are 0.00000700 and 0.00000680 levels.
