Dogecoin and Shiba Inu: Dogecoin stops at the 0.07400 level
- The previous three-day increase in the price of Dogecoin stopped at the 0.07400 level yesterday.
- This morning we saw the Shiba Inu pull back to the 0.00000865 support level.
Dogecoin chart analysis
The previous three-day increase in the price of Dogecoin stopped at the 0.07400 level yesterday. After that, the price retreated this morning to the 0.07200 level. We found support at that level and are now hovering around the 0.07285 level. We have additional support in the EMA50 moving average, which could increase the price.
We now expect a break above 0.07300 and test the 0.07350 resistance level. A break above would take us to a retest of the previous high at 0.07400, and we might see a further continuation to the bullish side. Potential higher targets are 0.07450 and 0.07500 levels.
Shiba Inu chart analysis
This morning we saw the Shiba Inu pull back to the 0.00000865 support level. In that zone, additional support for the price is the EMA50 moving average. It is helpful for us for now as we recovered to the 0.00000875 level. If the positive consolidation continues, we could continue with the recovery to the 0.00000880 level. Potential higher targets are 0.00000885 and 0.00000890 levels.