Dogecoin and Shiba Inu: Dogecoin is holding at 0.06600
The Dogecoin price pulled back all the way to the 0.06311 level yesterday. The price of Shiba Inu fell to 0.00000774 levels yesterday.Dogecoin chart analysis
The Dogecoin price pulled back all the way to the 0.06311 level yesterday. During the weekend, the price was maintained in the zone of 0.07200-0.07335 levels. Yesterday we saw a break below the support level and a strong bearish candlestick up to 0.06300.
Dogecoin bounced back above the 0.06600 level very quickly, and we are now trading in the 0.06600-0.06700 range. If this kind of consolidation continues, we could see further recovery. Potential higher targets are 0.06800 and 0.06900 levels.
Shiba Inu Chart Analysis
The price of Shiba Inu fell to 0.00000774 levels yesterday. Over the weekend, we moved in the 0.00000850-0.00000860 range, only to see a strong bearish impulse yesterday and a drop to a yearly low. The previous time the price was at this level was in June last year.
After yesterday’s fall, the price quickly bounced back above the 0.00000790 level. We are now trying to find support at the 0.00000800 level to trigger a continuation of the recovery and return to the previous consolidation zone. Potential higher targets are the 0.00000820 and 0.00000840 levels.
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