Dogecoin and Shiba Inu: Doge slipped to 0.05678 yesterday
After a quiet weekend, Dogecoin price collapsed yesterday from 0.06100 to 0.05678 level. The Shiba Inu price fell to a new four-month low yesterday at 0.00000673.Dogecoin chart analysis
After a quiet weekend, Dogecoin price collapsed yesterday from 0.06100 to 0.05678 level. The hold at that level was very short, and the price returned to 0.05900. We see a slight bullish consolidation that could push the price and move it first to the 0.05950 level. That would be our first step towards continuing to the bullish side. Potential higher targets are 0.06000 and 0.06050 levels. An additional break in the zone around 0.06050 is in the EMA50 moving average.
We need a negative consolidation and pullback below the 0.05800 level for a bearish option. After that, we would be under more pressure to continue down, and the price would be forced to visit the previous low. Potential lower targets are 0.05700 and 0.05600 levels.
Shiba Inu Chart Analysis
The Shiba Inu price fell to a new four-month low yesterday at 0.00000673. There, we find support and climb up to the 0.00000700 level and stop there for now. As of this morning, we are in a sideways consolidation around the 0.00000695 level. We expect to see a bullish impulse soon and a continuation of the recovery above the 0.00000700 level. Potential higher targets are the 0.00000705 and 0.00000710 levels. Additional pressure on the price is created by the EMA50 and the zone around the 0.00000710 level.
We need a negative consolidation and pullback to this morning’s support at the 0.00000685 level for a bearish option. A price break below would indicate a further pullback and the formation of a new daily low. Potential lower targets are the 0.00000680 and 0.00000670 levels.
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