Dogecoin and Shiba Inu: Dogecoin remains above 0.07350
The price of Dogecoin continues its fifth day in a row of successful bullish consolidation.
Shiba Inu is stable above the 0.00000860 level for now.
Dogecoin chart analysis
The price of Dogecoin continues its fifth day in a row of successful bullish consolidation. We received support at the 0.07250 level, and now we see a new bullish impulse and a move above the 0.07300 level. We will soon reach in the previous resistance zone around the 0.07350 level, and we need a break above to continue the recovery. Potential higher targets are 0.07400 and 0.07450 levels. We have additional support in the EMA50 moving average, which certainly helps us psychologically. If we think on the bearish side, we need a negative consolidation and a drop to the 0.07200 support level. A break below would open the door to a further pullback and a visit to lower levels. Potential lower targets are 0.07150 and 0.07100 levels.
Shiba Inu Chart Analysis
Shiba Inu is stable above the 0.00000860 level for now. The price has been supported at that level for a couple of days. If we continue to manage to stay above, we will have a chance to see a continuation of the recovery. Potential higher targets are 0.00000890 and 0.00000900 levels. In the zone around the 0.00000890 level, we encounter the EMA50 moving average, and it could pose a problem for us to continue to the bearish side. We need a negative consolidation and pullback below the previous support for a bearish option. After that, we could expect to see further declines and testing of lower levels. Potential lower targets are the 0.00000850 and 0.00000840 levels.
The post Dogecoin and Shiba Inu: Dogecoin remains above 0.07350 appeared first on FinanceBrokerage.
