Dogecoin and Shiba Inu: Dogecoin bounces back above 0.06600

Dogecoin price managed to gain support at the 0.06450 level yesterday. Yesterday’s pullback in the Shiba Inu price was stopped at 0.00000810.

Dogecoin chart analysis

Dogecoin price managed to gain support at the 0.06450 level yesterday. From that level, the price starts another bullish consolidation and recovers to the 0.06600 level. We need a continuation of this positive consolidation if we want to see further growth of Dogecoin. Today’s potential higher targets are 0.06700 and 0.06800 levels.

We need a negative consolidation and a new pullback below the 0.06500 level for a bearish option. Additional support at that level is the EMA50 moving average. With a break below, the pressure on the price to continue the pullback will increase. Potential lower targets are 0.06300 and 0.06200 levels.

Shiba Inu chart analysis

Yesterday’s pullback in the Shiba Inu price was stopped at 0.00000810. After that, we see a sideways consolidation with resistance at the 0.00000820 level. We need a break above and hold there in order to start a positive consolidation from there and start a further recovery. Potential higher targets are the 0.00000830 and 0.00000840 levels.

We need a positive consolidation and a drop below the 0.00000810 support level for a bearish option. After that, we would be in a position to test the 0.00000800 level. A break below would further increase the pressure on the price, which would lead to a further decline. Potential lower targets are the 0.00000790 and 0.00000780 levels.

 

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