Dogecoin and Shiba Inu: Dogecoin slipped to 0.07250 level
- During the weekend, the price of Dogecoin formed a new high price at the 0.08189 level.
- On Saturday, we saw the Shiba Inu price jump to 0.00000966 levels.
Dogecoin chart analysis
During the weekend, the price of Dogecoin formed a new high price at the 0.08189 level. After that, we encounter resistance in that zone and start retreating. We slowly dropped below the 0.08000 level and then continued to pull back to the 0.07242 level. This low was formed this morning, and we managed to get its support for now and start the recovery to the 0.07500 level. Here, we come across the EMA50 moving average, which stops the price at that level for now.
We need a break above if we want to see a continuation of the move to the bullish side. Potential higher targets are 0.07600 and 0.07700 levels. For a bearish option, we need a negative consolidation and pullback to this morning’s low in the 0.07300 zone. A breakout below is confirmation for a continuation to the bearish side. Potential lower targets are 0.07200 and 0.07100 levels.
Shiba Inu chart analysis
On Saturday, we saw the Shiba Inu price jump to 0.00000966 levels. At that level, we encounter resistance and start pulling back to the 0.00000870 level. This is our first support level that directs and climbs the price to the 0.00000920 level, where we encounter a new resistance and form a lower high price. From there, the Shiba Inu price starts a bearish consolidation, falling all the way to the 0.00000830 level this morning. We managed to stop there and start a recovery to the 0.00000870 level.
The price is now back above the EMA50 moving average, which could reflect positively on the continuation of the move to the bullish side. Potential higher targets are 0.00000880 and 0.00000890 levels. For a bearish option, we need a negative consolidation and pullback below the 0.00000850 level. In this way, we would fall into a crisis again and see the price retreat. Potential lower targets are the 0.00000830 and 0.00000820 levels.
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