Dogecoin and Shiba Inu: Dogecoin rises to 0.07200 level
Dogecoin pulled back to the 0.07050 support level yesterday.
Shiba Inu’s price pulled back to 0.00000832 levels yesterday.
Dogecoin chart analysis
Dogecoin pulled back to the 0.07050 support level yesterday. It quickly settled there and started a recovery to the 0.07200 level. That level represents our resistance for now, and we need a break above it in order to continue with the recovery. Additional resistance at that level is in the EMA50 moving average.
By moving above it, we would receive new support, which could positively affect the continued recovery. Potential higher targets are 0.07250 and 0.07300 levels. We need a negative consolidation and price pullback to the 0.07100 level for a bearish option. After that, we could expect a drop to last week’s support zone. Potential lower targets are 0.07050 and 0.07000 levels.
Shiba Inu Chart Analysis
Shiba Inu’s price pulled back to 0.00000832 levels yesterday. The price finds support at that level and starts a recovery up to the 0.00000880 level. After that, price volatility continues, leading to a new pullback to the 0.00000850 level. Here, the price could find support and start a new bullish trend.
We need a new positive consolidation for that turnaround. For a bearish option, a continuation of the negative consolidation is required, bringing us back to testing the 0.00000832 support level. Potential lower targets are the 0.00000825 and 0.00000820 levels.
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