Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06300

Dogecoin chart analysis

After a calm start to the week, Dogecoin fell to the 0.06000 level at one point yesterday. The hold-down was short-term, and we quickly bounced back above the 0.06200 level. Since then, we have been in a sideways consolidation with a minor move to the 0.06300 level. We need a break above the 0.06400 level if we plan to go to the bullish side. Potential higher targets are 0.06500 and 0.06600 levels.

We need a negative consolidation and a new price pullback to the 0.06000 level for a bearish option. A break below that support level would mean that the price continues to fall to some next lower support. Potential lower targets are 0.05900 and 0.05800 levels.

Shiba Inu Chart Analysis

The Shiba Inu price is in a bullish trend since yesterday’s pullback to the 0.00000780 level. We need a break above the 0.00000810 level in order to break above the previous high and continue further to the bullish side. Potential higher targets are the 0.00000840 and 0.00000860 levels. We have additional pressure at the 0.00000860 level in the EMA50 moving average.

We need a negative consolidation and a new drop below the 0.00000780 level for a bearish option. After that, we can expect to see a pullback and the formation of a new low. Potential lower targets are the 0.00000760 and 0.00000740 levels.

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