Dogecoin and Shiba Inu: Dogecoin pulls back below 0.06700
Dogecoin price tried to reach 0.07100 level yesterday but stopped at 0.07085 level.
The Shiba Inu price fell to a seven-day low yesterday at the 0.00000755 level.
Dogecoin chart analysis
Dogecoin price tried to reach 0.07100 level yesterday but stopped at 0.07085 level. After that, the price begins to retreat, making this week’s low at the 0.06600 level. We manage to get support in that zone and make a slight recovery to the 0.06865 level, where we encounter a new daily resistance, and this is where the previous bullish consolidation stops.
The inability to break above pushes the price into a bearish consolidation and takes us below the 0.06700 level. Potential lower targets are 0.06600 and 0.06500 levels. For a bullish option, we need a positive consolidation and a move above the 0.06900 level. So, we would go back above the EMA50 moving average and get its support. Potential higher targets are 0.07000 and 0.07100 levels.
Shiba Inu chart analysis
The Shiba Inu price fell to a seven-day low yesterday at the 0.00000755 level. After that, we recovered to the 0.00000785 level, where we met resistance and started a new pullback. Bearish consolidation takes us down to the 0.00000760 level, where we are finding support for now. If we fail to hold above, a fall below is inevitable, as well as the formation of a new lower low.
Potential lower targets are the 0.00000750 and 0.00000745 levels. For a bullish option, we need a positive consolidation and a return above the 0.00000780 level. Then, we would climb above the EMA50 moving average and get its support. Potential higher targets are the 0.00000790 and 0.00000795 levels.
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