Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06900
Dogecoin price encountered resistance at the 0.07000 level this morning.
This week, we see a bearish trend in Shiba Inu price from 0.00000853 levels.
Dogecoin chart analysis
Dogecoin price encountered resistance at the 0.07000 level this morning. After that, we see a pullback to the 0.06900 level and the EMA50 moving average. For now, we manage to stay at that level and stop further price retreat. A break below this support would mean a possible further drop in the price of Dogecoin. Potential lower targets are 0.06800 and 0.06700 levels.
We need a positive consolidation and price return to the 0.07000 level for a bullish option. Then we need a break above and try to hold up there. With a new impulse, we would be able to start further recovery. Potential higher targets are 0.07100 and 0.07200 levels.
Shiba Inu chart analysis
This week, we see a bearish trend in Shiba Inu price from 0.00000853 levels. On Saturday, the price rose to that level where it formed a new high, and after that, we see the beginning of a pullback. Yesterday, the price fell to 0.00000760 and formed this week’s low. For a bearish option, we need a continuation of the negative consolidation and a drop below the 0.00000760 level.
Potential lower targets are the 0.00000750 and 0.00000740 levels, last week’s support levels. We need a positive consolidation and price return above the 0.00000790 level for a bullish option. Then, we need to try to keep up there so that we can start further recovery with the next impulse. Potential higher targets are 0.00000800 and 0.00000810 levels.
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