Dogecoin and Shiba Inu: Dogecoin remains above 0.06800
- Dogecoin price made a good jump to the 0.07200 level yesterday.
- The Shiba Inu price confirmed resistance at the 0.00000786 level yesterday.
Dogecoin chart analysis
Dogecoin price made a good jump to the 0.07200 level yesterday. This is where we formed this week’s high. The price briefly held up there, and after that, we saw a pullback to the 0.06800 support level. Today, Dogecoin is moving in a tight range of 0.06800-0.06950, but still with a bullish narrative.
We need a positive consolidation and a move above the 0.06950 level for a bullish option. We would then be very close to testing the 0.07000 level and try to break above. If we were to succeed in that intention, we could expect to see continued price growth. Potential higher targets are 0.07100 and 0.07200 levels.
We need a negative consolidation and a drop below the 0.06800 level for a bearish option. After which, the price could slide down to the 0.06700 level. Additional support in that zone is in the EMA50 moving average. A fall below it would pushDogecoinn even lower, and potential lower targets are the 0.06600 and 0.06500 levels.
Shiba Inu Chart Analysis
The Shiba Inu price confirmed resistance at the 0.00000786 level yesterday. Since then, the price has started to retreat to the 0.00000760 level. In this zone, we look for additional support in the EMA50 moving average, which could return us to the bullish side again. For something like that, we need positive consolidation and growth above the 0.00000775 level.
After that, we need to hold up there in order to test the 0.00000780 level and make a break above. Then we would have the opportunity to find ourselves in the previous resistance zone below the 0.000000790 level. With further bullish momentum, potential higher targets are the 0.00000800 and 0.00000810 levels.
We need a negative consolidation and a price drop below the 0.00000760 level for a bearish option. Potential lower targets are the 0.00000750 and 0.00000740 levels.
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