Dogecoin and Shiba Inu: Dogecoin rises to 0.06200 level

Dogecoin price continues to consolidate sideways in the 0.06000-0.06200 range.
The price of the Shiba Inu, for the second day in a row, is moving in a lateral channel in the range of 0.00000640-0.00000680.

Dogecoin chart analysis

Dogecoin price continues to consolidate sideways in the 0.06000-0.06200 range. We are now at the upper level of this range and expect to see a break above and continued price growth. Potential higher targets are 0.06400 and 0.06600 levels. Possible resistance for the price could be at 0.06500, as this is where we encounter the EMA50 moving average.

We need a negative consolidation and pullback below the 0.06000 level for a bearish option. Down there, we would already be entering negative territory for Dogecoin. Potential lower targets are 0.05800 and 0.05600 levels.

Shiba Inu Chart Analysis

The price of the Shiba Inu, for the second day in a row, is moving in a lateral channel in the range of 0.00000640-0.00000680. In the last few hours, we see bullish consolidation and movement toward the upper limit of this range. Soon we could expect to see a breakout above.

Then we need to hold up there in order to consolidate there before the next impulse. Potential higher targets are the 0.00000700 and 0.00000720 levels. We need a negative consolidation and pullback below the 0.00000640 level for a bearish option. Then we would be in a situation to visit the previous low and look for the next support there. Potential lower targets are the 0.00000620 and 0.00000600 levels.

The post Dogecoin and Shiba Inu: Dogecoin rises to 0.06200 level appeared first on FinanceBrokerage.