Dogecoin and Shiba Inu: Dogecoin retreats to the 0.07700
- This morning’s attempt by Dogecoin to trigger a more concrete bullish scenario was stopped at the 0.07800 level.
- Today’s high price Shiba Inu is at 0.00000845 level.
Dogecoin chart analysis
This morning’s attempt by Dogecoin to trigger a more concrete bullish scenario was stopped at the 0.07800 level. The price begins a new retreat from there, and the first support is sought at the 0.07700 level. Additional potential support at that level could be in the EMA50 moving average. The inability to maintain above it will push the price down and thus confirm the bearish option. Potential lower targets are 0.07600 and 0.07500 levels.
We need positive consolidation and a return to this morning’s high at the 0.07800 level for a bullish option. Then we need a breakout above and try to hold up there. With the new momentum, Dogecoin could start a further recovery. Potential higher targets are 0.07900 and 0.08000 levels.
Shiba Inu Chart Analysis
Today’s high price Shiba Inu is at 0.00000845 level. The price starts a new pullback from there and retreats to the 0.000000830 level. The decline could continue to the 0.00000820 level, as this is where we encounter the EMA50 moving average that could provide support. If there is a breakthrough below, it is a sign of further weakening of the Shiba Inu and sliding to lower support levels. Potential lower targets are the 0.00000810 and 0.00000800 levels.
We need a positive consolidation and a move to the 0.00000850 level for a bullish option. Then, we need to stay there and, in that place, form a new bottom from which we would start to continue the recovery. Potential higher targets are the 0.00000860 and 0.00000870 levels.
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