Dogecoin and Shiba Inu: Dogecoin climbs to 0.06450 level
- The price of Dogecoin has been bullish since yesterday after returning to the 0.06200 level.
- Last night, the Shiba Inu price formed a new low at 0.00000737.
Dogecoin chart analysis
The price of Dogecoin has been bullish since yesterday after returning to the 0.06200 level. Today’s high price is 0.06450 level, and for now, it is our resistance to bullish continuation. Then, we saw a minor pullback to the 0.06350 level but soon returned above the 0.06400 level. We need further positive consolidation and a break above the 0.06450 level to continue on the bullish side. Potential higher targets are 0.06500 and 0.06600 levels.
We need a negative consolidation and pullback below the 0.06300 level for a bearish option. Thus, we would approach the 0.06200-0.06250 support zone. A break below would lead to the formation of a new low, and potential lower targets are the 0.06100 and 0.06000 levels.
Shiba Inu Chart Analysis
Last night, the Shiba Inu price formed a new low at 0.00000737. We quickly initiated a bullish consolidation from there and are now at the 0.00000760 level. If this consolidation continues, we could expect to see continued recovery. Potential higher targets are 0.00000770 and 0.000000780 levels.
We need a negative consolidation and a new pullback below the 0.00000740 level for a bearish option. A drop below would mean that we will see the formation of a new low, which would confirm the bearish option. Potential lower targets are 0.00000730 and 0.00000720 levels.
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