Dogecoin and the Shiba Inu: Dogecoin is holding above 0.0608
Yesterday’s bullish consolidation of the price of Dogecoin was stopped this morning at the 0.06165 level.
The Shiba Inu price is in a sideways consolidation today compared to yesterday.
Dogecoin chart analysis
Yesterday’s bullish consolidation of the price of Dogecoin was stopped this morning at the 0.06165 level. Additional pressure on the price in that zone was exerted by the EMA50 moving average. That led us to start a bearish consolidation and go down to the 0.06080 level. If this consolidation continues, we could expect to see a pullback to the previous support zone. Potential lower targets are 0.06060 and 0.06040 levels.
We need a positive consolidation and a jump in the Dogecoin price above the 0.6080 level for a bullish option. Thus, we would return above the EMA50 moving average and could gain its support to continue to the bullish side. Potential higher targets are 0.06200 and 0.06220 levels.
Shiba Inu Chart Analysis
The Shiba Inu price is in a sideways consolidation today compared to yesterday. Today’s high price is the same as yesterday at the 0.00000728 level, and the low price is at the 0.00000720 level. We have been in a bearish consolidation since the beginning of the day and expect to see a continuation and decline below the 0.00000720 level. Thus, we would visit the previous October support zone. Potential lower targets are the 0.00000715 and 0.00000710 levels.
We need a positive consolidation and a price jump to the 0.00000730 level for a bullish option. Additional resistance in that zone is the EMA50 moving average, and we need a break above to continue to the bullish side. Potential higher targets are the 0.00000735 and 0.00000740 levels.
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