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Dogecoin and Shiba Inu: Dogecoin retests the 0.11000 level

Dogecoin and Shiba Inu: Dogecoin retests the 0.11000 level

On Friday, the price of Dogecoin retreated to the 0.09136 level. 
Shiba Inu’s price retreated to 0.00001266 levels last week. 

Dogecoin chart analysis

On Friday, the price of Dogecoin retreated to the 0.09136 level. The previous time, the price was at that position in February. We managed to get support again and start a positive consolidation. Over the weekend, the Doge climbed to the 0.11500 level and stopped there. Additional resistance in that zone was the EMA 200 moving average. The price initiated another pullback from there, this time to the 0.09874 level on Monday.

A higher low was formed compared to the previous low, which was a sign that we were expecting stabilization and recovery. Today’s movement of Dogecoin is in the 0.10500-0.10850 range. A mild bullish picture directs us towards the 0.11000 level. We have support from the EMA 50 moving average and expect to see the price at higher levels by the end of the day. Potential higher targets are the 0.11500 and 0.12000 levels.


Shiba Inu chart analysis

Shiba Inu’s price retreated to 0.00001266 levels last week. After a short consolidation in that zone, a recovery was initiated and a jump on Saturday to the 0.00001755 level. New volatility on Sunday and a pullback to 0.00001475 on Monday morning. A new higher low was formed at that point, and a bullish consolidation to the 0.00001700 level was initiated. EMA 50 and EMA200 moving averages support the Shiba Inu price, which could be a great indicator for further recovery.

Potential higher targets are the 0.00001750 and 0.00001800 levels. We need a negative consolidation and a pullback below the moving averages for a bearish option. After that, we look at the weekly open price, 0.00001550. A breakout below the Shiba Inu moves to the bearish side and will be under pressure to continue falling. Potential lower targets are the 0.00001500 and 0.00001450 levels.


The post Dogecoin and Shiba Inu: Dogecoin retests the 0.11000 level appeared first on FinanceBrokerage.

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