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Dogecoin and Shiba Inu: Dogecoin takes a step above 0.09000

Dogecoin and Shiba Inu: Dogecoin takes a step above 0.09000

This morning, the price of Dogecoin rose to 0.09155 levels.
On Friday, the Shiba Inu price managed to climb above the 0.00001000 level after a long time.

Dogecoin chart analysis

This morning, the price of Dogecoin rose to 0.09155 levels. We stayed up there for a short time, and a pullback below the 0.09000 level followed. We failed to get support there, and the price continues to fall, now already at the 0.08670 level. Bearish pressure does not allow us to stop and rest, and this would lead to the continuation of the bearish trend. Potential lower targets are 0.08600 and 0.08500 levels.

Additional price support is the EMA200 in oz around the 0.08450 level. For a bullish option, we need to stop this pullback first. Next, we need to initiate a new positive consolidation and move above the 0.08800 level. With the new impulse, we would make a significant bullish step towards further recovery. Potential higher targets are 0.08900 and 0.09000 levels.

Shiba Inu chart analysis

On Friday, the Shiba Inu price managed to climb above the 0.00001000 level after a long time. A new high was formed at the 0.00001005 level; after that, we saw a pullback during the weekend, and the price fell to 0.00000940 on Saturday. We stopped the decline at that level and started a recovery that continues today. This morning, we formed this week’s high at the 0.00000997 level.

We failed to reach the 0.00001000 level again, and the price started to pull back. We are now very close to the 0.00000970 level and here we will look for support in the EMA200 moving average. A break below these support levels would significantly shake the price of Shiba I, which could trigger an even bigger pullback. Potential lower targets are the 0.00000960 and 0.00000950 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin takes a step above 0.09000 appeared first on FinanceBrokerage.

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