Dogecoin and Shiba Inu: Dogecoin stays below 0.06200 today
- Since June 10, the trend of Dogecoin has not changed; the sideways movement continues today.
- The price of the Shiba Inu is in retreat for the third day in a row from the 0.00000760 level.
Dogecoin chart analysis
Since June 10, the trend of Dogecoin has not changed; the sideways movement continues today. In the last couple of days, additional pressure on the price has been created by the EMA50 moving average. Such a scenario could lead to a price increase to the 0.06000 level. In this way, we would again test the important support level because if it does not hold, the price could slip below and form a new low. Potential lower targets are 0.05900 and 0.05800 levels.
We need a positive consolidation and a jump to the 0.06300 level for a bullish option. Then we would move above the EMA50 moving average, which could positively affect the further trend and price recovery. Potential higher targets are 0.06400 and 0.06500 levels.
Shiba Inu Chart Analysis
The price of the Shiba Inu is in retreat for the third day in a row from the 0.00000760 level. Yesterday we successfully tested the support at the 0.00000700 level. Additional support at that level is in the EMA50 moving average; we are holding above it for now. We need a positive consolidation and a break above the 0.00000720 level for a bullish option.
In the continuation, the price would have the opportunity to start a further recovery and climb to higher levels. Potential higher targets are the 0.00000740 and 0.00000760 levels. We need a negative consolidation and a price pullback below the 0.00000700 level for a bearish option. The price would also fall below the EMA50 moving average, which could put additional pressure on the price to slide even lower. Potential lower targets are the 0.00000680 and 0.00000660 levels.
