Dogecoin and Shiba Inu: Dogecoin jumps to 0.07550 level
- Dogecoin price formed a new higher high yesterday at the 0.07547 level.
- The Shiba Inu price stabilized above the 0.00000870 level.
Dogecoin chart analysis
Dogecoin price formed a new higher high yesterday at the 0.07547 level. After that, saturation occurred, and a pullback to the 0.07370 level followed. The price at that level receives new support, and for now, we are consolidating around the 0.07400 level. We are still above the EMA50 moving average and have its support.
We need a positive consolidation and a return to the zone around the 0.07500 level for a bullish option. Then we need a break above; after that, we could retest yesterday’s high. Potential higher targets are 0.07600 and 0.07650 levels.
Shiba Inu Chart Analysis
The Shiba Inu price stabilized above the 0.00000870 level. We are currently seeing positive consolidation and price growth up to the 0.00000885 level. For now, we have resistance at that level, and we need a fight above if we want to see continued growth. We have additional resistance at that level in the EMA50 moving average.
Potential higher targets are 0.00000890 and 0.00000900 levels. We need a negative consolidation for a bearish option, and the maximum drop could be 0.00000860, the previous support level.