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Dogecoin and Shiba Inu: Dogecoin is struggling with 0.07000

Dogecoin and Shiba Inu: Dogecoin is struggling with 0.07000

The price of Dogecoin yesterday first retreated to the 0.06525 level, only to see a bullish impulse and jump to the 0.06970 level later in the day.
This morning, we saw the Shiba Inu price in the zone around the 0.00000810 level.

Dogecoin chart analysis

The price of Dogecoin yesterday first retreated to the 0.06525 level, only to see a bullish impulse and jump to the 0.06970 level later in the day. After that, we consolidated for some time in the 0.06850-0.07000 range, only to see a bullish impulse and jump above the 0.07000 level a few hours ago.

This week’s new high price was formed at the 0.07090 level. Now, we need to hold above the 0.07000 level in order to start a further recovery from there.

Potential higher targets are 0.07100 and 0.07200 levels. For a bearish option, we need a negative consolidation and price pullback below the 0.06900 level.

After that, we would probably pull back to support at the 0.06800 level, and additional support in that zone is the EMA50 moving average. A break below would confirm the bearish momentum, and we would see a pullback continuation. Potential lower targets are 0.06700 and 0.06600 levels.

Shiba Inu chart analysis

This morning, we saw the Shiba Inu price in the zone around the 0.00000810 level. We have resistance there for now, and the price is retreating to support at the 0.00000790 level. If we manage to hold above the 0.00000800 level, we will have a new opportunity to start further growth and recovery above the previous high at 0.00000810. Potential higher targets are the 0.00000820 and 0.00000830 levels.

For a bearish option, we need a negative consolidation and a drop below the 0.00000790 support level. After that, we could go down to the 0.00000780 level, where we encounter the EMA50 moving average.

A break below would confirm bearish dominance, and we could see a continuation of the Shiba Inu price pullback. Potential lower targets are the 0.00000770 and 0.00000760 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin is struggling with 0.07000 appeared first on FinanceBrokerage.

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