Dogecoin and Shiba Inu: Dogecoin is holding around 0.06400

This morning’s attempt to start a more concrete bullish trend for Dogecoin was stopped at the 0.06450 level. The Shiba Inu price continues to recover from Monday’s drop to the 0.00000737 level.

Dogecoin chart analysis

This morning’s attempt to start a more concrete bullish trend for Dogecoin was stopped at the 0.06450 level. After that, we see a pullback to support in the zone around the 0.06400 level. Additional support at that level is in the EMA50 moving average. Now, we need a new positive consolidation in order to move to the bullish side again.

We need a break above the previous high; after that, we could expect to see a continuation. Potential higher targets are 0.06500 and 0.06550 levels. We need a negative consolidation and a drop below the 0.06350 level for a bearish option. So we would go down to the support zone looking for that new support. Potential lower targets are 0.06300 and 0.06250 levels.

Shiba Inu chart analysis

The Shiba Inu price continues to recover from Monday’s drop to the 0.00000737 level. Today’s resistance is at the 0.00000770 level, and we need a break above to continue to the bullish side. Potential higher targets are 0.00000780 and 0.00000790 levels. In the zone around the 0.00000780 level, we encounter the EMA50 moving average, which could further influence future price movement.

We need a negative consolidation and a price drop to the 0.00000750 level for a bearish option. With that move, we would see that the price is under pressure and could continue to weaken. Potential lower targets are the 0.00000740 and 0.00000730 levels.

 

The post Dogecoin and Shiba Inu: Dogecoin is holding around 0.06400 appeared first on FinanceBrokerage.