Dogecoin and Shiba Inu: Dogecoin is stable above 0.10800

• The Dogecoin price continues to consolidate sideways. 
• The Shiba Inu price has remained stable this week above the 0.00001600 level. 

Dogecoin chart analysis

The Dogecoin price continues to consolidate sideways. The movement is quite calm in the 0.10500-1.11000 range. There is a slight bullish consolidation, and we expect testing of the upper level of this range. In that zone, we will meet with the EMA 200 moving average, which could be a problem for us to continue on the bullish side. With an impulse above the price, it would rise to a new weekly high and thereby confirm that it has the strength to recover.

Potential higher targets are the 0.11500 and 0.12000 levels. We need a negative consolidation and a move down to the 0.10400 level for a bearish option. There, we will test the weekly open price. If the level does not hold, Dogecoin will continue to pull back below. Potential lower targets are the 0.10000 and 0.09500 levels.

Shiba Inu chart analysis

The Shiba Inu price has remained stable this week above the 0.00001600 level. Today, we also have support in the EMA 200 moving average. The price has been in a bullish consolidation in the previous few hours, and we expect to see a continuation of this trend. A break above 0.00001700 would be an excellent indicator of a potential continuation of this trend. The next target is 0.00001710, which is this week’s high.

Potential higher targets are 0.00001750 and 0.00001800 levels. If the Shiba Inu were to pull back below the EMA 200 moving average, it would be considered very negative for the price. We would be under a lot of pressure to retreat further and look for new support. Potential lower targets are 0.00001600 and 0.00001550 levels.