Dogecoin and Shiba Inu: Dogecoin is holding at 0.06300
- There are no significant fluctuations in the price of Dogecoin, and the price continues to move in the 0.06170-0.06400 range.
- Shiba Inu’s price jumped to 0.00000830 levels yesterday.
Dogecoin chart analysis
There are no significant fluctuations in the price of Dogecoin, and the price continues to move in the 0.06170-0.06400 range. We are now in the middle of this channel in a slightly bearish trend with the 0.06400 level. We could again visit the support zone around the 0.06200 level. If we fail to hold there, a break below is inevitable and could easily happen. Potential lower targets are 0.06100 and 0.06000 levels.
We need a positive consolidation and a return to the zone around the 0.06400 level for a bullish option. Then, we would have to break above if we want to see a continuation of the recovery. Potential higher targets are 0.06500 and 0.06600 levels.
Shiba Inu Chart Analysis
Shiba Inu’s price jumped to 0.00000830 levels yesterday. That’s where we encounter resistance and start retreating. We fell below the 0.00000820 level and below the EMA50 moving average. This led to the continuation of the bearish consolidation and pullback to the 0.00000810 level. We are on our way to visit the previous support zone, 0.00000780-0.00000790 range. Potential lower targets are the 0.00000760 and 0.00000740 levels.
We need a positive consolidation and a return to the previous zone around 0.00000830 for a bullish option. Then, we need to keep up there in order to start further recovery with a new impulse. Potential higher targets are the 0.00000840 and 0.00000860 levels.
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