Connect with us

Hi, what are you looking for?

Economy

Dogecoin and Shiba Inu: Dogecoin remains below the 0.06600

Shiba

Dogecoin and Shiba Inu: Dogecoin remains below the 0.06600

  • Dogecoin continues to slide below the EMA50 moving average.
  • The Shiba Inu price is in retreat from the 0.00000780 level for the third day in a row.

Dogecoin chart analysis

Dogecoin continues to slide below the EMA50 moving average. This week, let’s not break through it and start with a more specific recovery. This week’s resistance level is 0.06600, and we need to move above it. If we were able to do that, we would have a good starting position for the continued growth of the price of Dogecoin. Potential higher targets are 0.06700 and 0.06800 levels.

For a bearish option, we need a continuation of the negative consolidation and a test of the 0.06400 support level. A break below would mean a further drop in price and a search for new support. Potential lower targets are 0.06300 and 0.06200 levels.

Dogecoin chart analysis

Shiba Inu Chart Analysis

The Shiba Inu price is in retreat from the 0.00000780 level for the third day in a row. Currently hovering around the 0.00000750 level and testing support in the EMA50 moving average. For now, we have a breakout below. In previous breakouts, the Shiba Inu price quickly found support and moved back above. Potential higher targets are 0.00000760 and 0.76500 levels.

We need a negative consolidation and a drop to the 0.00000745 level for a bearish option. There, it would be critical for the price because it could easily slip to lower levels. Potential lower targets are the 0.00000740 and 0.00000735 levels. Last week, Shiba Inu’s price went down to 0.00000705 level, so we can’t rule out that scenario either.

Shiba Inu Chart Analysis

The post Dogecoin and Shiba Inu: Dogecoin remains below the 0.06600 appeared first on FinanceBrokerage.

You May Also Like

Trading Secrets

On this week’s edition of Trading Simplified, Dave continues to show his methodology in action with a new mystery chart. In his “Mind the...

Trading Secrets

Wall Street sold off dramatically on Friday after the jobs report. While the economy is stagnating, many investors are concerned that the Fed will...

Trading Secrets

In this special presentation from StockCharts TV‘s The MEM Edge, Mary Ellen highlights the unique characteristics of a new bull market, along with the...

Investing

Everyone is curious to know how the stock market will react to the debt ceiling deal announcement that happened over the weekend. Republicans and...