Dogecoin and Shiba Inu: Dogecoin puts pressure on 0.08200

The price of Dogecoin is in the lateral consolidation 0.08000-0.08200 range.
The Shiba Inu price is still moving in the support zone above the 0.00000950 level.

Dogecoin chart analysis

The price of Dogecoin is in the lateral consolidation 0.08000-0.08200 range. We currently see pressure on the upper level and expect a break and continuation to the bullish side. In this way, we would jump over the EMA50 moving average and get its support. The price would be released from the pressure and could initiate a recovery to higher levels. Potential higher targets are 0.08300 and 0.08400 levels.

For the bearish option, a new pullback to the 0.08000 support level is imminent. A break below is a sign that we are moving to the bearish side, and we will see the formation of a new low. Dogecoin would be under pressure to visit the previous low from Friday. Potential lower targets are the 0.07900 and 0.07800 levels.

Shiba Inu chart analysis

The Shiba Inu price is still moving in the support zone above the 0.00000950 level. After a bullish previous week, we are looking at a pullback this week. For now, the price is successfully holding above the support and making a bullish move to the 0.00000970 level. We only need a little more to the 0.00000980 and EMA50 moving average. We would be freer to start a more concrete recovery by passing over them. Potential higher targets are 0.00000990 and 0.00001000 levels.

With a breakout above the 0.00001000 level, the Shiba Inu price would have an opportunity to attack last week’s high at the 0.00001050 level. We need a negative consolidation and pullback below the 0.00000950 support level for a bearish option. The price would then be under pressure to form this week’s new low, confirming the bearish momentum. Potential lower targets are the 0.00000940 and 0.00000930 levels.

The post Dogecoin and Shiba Inu: Dogecoin puts pressure on 0.08200 appeared first on FinanceBrokerage.