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Dogecoin and Shiba Inu: Shiba Inu rises to 0.00000795

Dogecoin

Dogecoin and Shiba Inu: Shiba Inu rises to 0.00000795

  • Dogecoin price pulled back to the 0.07700 support level this morning.
  • Shiba Inu’s price returned above the EMA50 moving average last night, forming a high at the 0.00000795 level.

Dogecoin chart analysis

Dogecoin price pulled back to the 0.07700 support level this morning. We managed to consolidate at that level and move again to the bullish side. We are now within reach of the 0.07900 level and have a good chance to move back above the 0.08000 level. Then, we would need to stay up there so that we could start further recovery with a new impulse. Potential higher targets are 0.08100 and 0.08200 levels.

We need a negative consolidation and a new price pullback to the 0.0700 support level for a bearish option. A break below would cause the price to slide to lower support levels. Potential lower targets are 0.07600 and 0.07500 levels.

Dogecoin chart analysis

Shiba Inu Chart Analysis

Shiba Inu’s price returned above the EMA50 moving average last night, forming a high at the 0.00000795 level. After that, we see a minor pullback to the 0.000000785 level, where we get new support. From here, the price could initiate a new bullish consolidation and climb up to the 0.00000800 level. A price breakout above and a hold above would be highly beneficial for continuation. Potential higher targets are the 0.00000805 and 0.00000810 levels.

We need a negative consolidation and price pullback below the 0.00000780 level and below the EMA50 moving average for a bearish option. After that, we can expect to start with a further pullback and testing of lower support levels. Potential lower targets are the 0.00000775 and 0.00000770 levels.

Shiba Inu chart analysis

The post Dogecoin and Shiba Inu: Shiba Inu rises to 0.00000795 appeared first on FinanceBrokerage.

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