Dogecoin and Shiba Inu: Dogecoin slips below 0.07500

Dogecoin price pulled back to 0.06880 level yesterday. The Shiba Inu price is in bearish consolidation for the fifth day in a row, and yesterday, we saw the formation of a new low at the 0.00000800 level.

Dogecoin chart analysis

Dogecoin price pulled back to 0.06880 level yesterday. We formed this week’s low at that level. After that, we see the stop of the decline and the start of positive consolidation and a return above the 0.07000 level. That consolidation continued today, and the current price is 0.07378. We expect to see a further recovery to the 0.07500 level, where we encounter the EMA50 moving average.

A break above would move us above the EMA50, making it easier for us to start further recovery. Potential higher targets are 0.07600 and 0.07700 levels. We need a negative consolidation and a pullback below the 0.07200 support level for a bearish option. After that, we would be in a position to go down to test the 0.07000 level. Potential lower targets are 0.06900 and 0.06800 levels.

Shiba Inu chart analysis

The Shiba Inu price is in bearish consolidation for the fifth day in a row, and yesterday, we saw the formation of a new low at the 0.00000800 level. There, we managed to get support and start a bullish consolidation that brought us to the 0.00000850 level and the EMA50 moving average. We need a break above if we want to see a continuation to the bullish side.

Potential higher targets are 0.00000860 and 0.00000870, yesterday’s high price. For a bearish option, we need a negative consolidation and price pullback first to the 0.00000830 support level. A fall below this level would direct us to the previous low at 0.00000800. Potential lower targets are the 0.00000790 and 0.00000780 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin slips below 0.07500 appeared first on FinanceBrokerage.