Dogecoin and Shiba Inu: Dogecoin is holding above 0.07500
- Dogecoin continues this week’s recovery, forming a new high at the 0.07650 level.
- The Shiba Inu price today confirmed resistance at the 0.00001000 level.
Dogecoin chart analysis
Dogecoin continues this week’s recovery, forming a new high at the 0.07650 level. After that, the price pulls back to the 0.07530 level and finds support at that level. Additional price support in that zone is the EMA50 moving average. This could trigger another bullish consolidation and push the price of Dogecoin. Potential higher targets are 0.07650 and 0.07700 levels.
We need a negative consolidation and a pullback to the 0.07500 support level for a bearish option. A break below would increase the bearish pressure on the price of Dogecoin, which would cause the price to start a further pullback. Potential lower targets are 0.07400 and 0.07300 levels.
Shiba Inu Chart Analysis
The Shiba Inu price today confirmed resistance at the 0.00001000 level. After that, we see a slight pullback to support at the 0.00000970 level. For now, we have support at that level, and we could expect to see a continuation to the bullish side.
We need a new bounce above the previous high to continue further to the bullish side. Potential higher targets are the 0.00001020 and 0.00001040 levels. We need a negative consolidation and a price drop to the 0.00000940 level for a bearish option. A break below this level shows a further decline in Shiba Inu price, and potential lower targets are 0.00000920 and 0.00000900 levels.
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