Dogecoin and Shiba Inu: Doge jumped to 0.06176 yesterday

Yesterday, we saw a strong impulse in the price of Dogecoin to the 0.06176 level. The Shiba Inu price climbed to a 10-day high yesterday at the 0.00000730 level.

Dogecoin chart analysis

Yesterday, we saw a strong impulse in the price of Dogecoin to the 0.06176 level. A bearish impulse to the 0.05900 level soon followed, but we stayed there for a short time, and the price stabilized around the 0.06000 level. Since then, we have been in a sideways consolidation in the 0.05960-0.06020 range. For a bullish option, we need a positive consolidation and a break above the 0.06200 upper level of this consolidation.

Potential higher targets are 0.06060 and 0.06080 levels. We need a negative consolidation and a drop below the 0.05960 level for a bearish option. Below, we come across the EMA50 moving average in the zone around the 0.05940 level. A break below could signal a strengthening bearish option. Potential lower targets are 0.05920 and 0.05900 levels.

Shiba Inu chart analysis

The Shiba Inu price climbed to a 10-day high yesterday at the 0.00000730 level. After that, we see a pullback to the 0.00000700 level, where we get support and continue the previously started bullish consolidation. It only took us up to the 0.00000715 level, where we met new resistance. From there, the Shiba Inu price pulls back to the 0.00000705 level.

It is possible that we will see a new pullback to the 0.00000700 level and the EMA50 moving average. A break below this support could influence us to see a deeper pullback and the formation of a new weekly low. Potential lower targets are the 0.00000690 and 0.00000680 levels. Thus, we would return to last week’s support levels.

 

The post Dogecoin and Shiba Inu: Doge jumped to 0.06176 yesterday appeared first on FinanceBrokerage.