Dogecoin and Shiba Inu: Dogecoin jumps to 0.06550 level

• Dogecoin price continues its bullish consolidation today, forming a new high at the 0.06550 level.
• The Shiba Inu price is in a bullish consolidation from yesterday’s low to the 0.00000760 level.

Dogecoin chart analysis

price of dogecoin continues its bullish consolidation today, forming a new high at the 0.06550 level. After that, we saw a pullback to the 0.06300 level, and now we are trying to get new support. If we succeed in this, we could start a new bullish consolidation.

We have additional resistance at the 0.06550 level in the EMA50 moving average, and we need a break above it for further recovery. Potential higher targets are 0.06600 and 0.06700 levels.

We need a negative consolidation and pullback below the 0.06200 level for a bearish option. After that, the price should visit the 0.06000 support level. Potential lower targets are 0.05900 and 0.05800 levels.

Shiba Inu chart analysis

The Shiba Inu price is in a bullish consolidation from yesterday’s low to the 0.00000760 level. Today’s price high is the 0.00000825 level, and a break above and continuation to the bullish side could happen soon. Potential higher targets are the 0.00000840 and 0.00000860 levels. Additional resistance could be found in the EMA50 moving average around the 0.00000860 level.

We need a negative consolidation and price pullback below the 0.00000760 level for a bearish option. Then, we would be on the way to form a new lower low and thus confirm bearish continuation. Potential lower targets are the 0.00000740 and 0.00000720 levels.