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Dogecoin and Shiba Inu: Dogecoin is hovering around 0.07000

Dogecoin and Shiba Inu: Dogecoin is hovering around 0.07000

Yesterday we saw a recovery in the price of Dogecoin compared to the day before. Compared to other cryptocurrencies, Shiba Inu has recovered only 50.0% from the drop the day before.

Dogecoin chart analysis

Yesterday we saw a recovery in the price of Dogecoin compared to the day before. The recovery was stopped at the 0.07200 level, and from that place, the price started a new pullback. We are again below the 0.07000 level and moving towards the 0.69000 level. We can see that the bearish trend has slowed and that we could soon find support.

For a bullish option, we need a return above the 0.07000 level. After that, we can expect to see continued price recovery. In the zone around the 0.07100 level, we encounter the EMA50 moving average, and we need a break above it to teach the bullish side. Potential higher targets are 0.07200 and 0.07300 levels.

Shiba Inu Chart Analysis

Compared to other cryptocurrencies, Shiba Inu has recovered only 50.0% from the drop the day before. Bullish price recovery was stopped at the 0.00000820 level. There we encounter resistance, and the price starts a new retreat at the 0.00000800 level. For a bearish option, we need a continuation of the negative consolidation and a drop to support at 0.00000790.

A breakout below would probably negatively affect Shiba Inu. Potential lower targets are 0.00000780 and 0.00000770 levels. We need a new positive consolidation move to this morning’s resistance at the 0.00000820 level for a bullish option. With a break above, we would have an opportunity to continue the recovery. Potential higher targets are the 0.00000830 and 0.00000840 levels.

The post Dogecoin and Shiba Inu: Dogecoin is hovering around 0.07000 appeared first on FinanceBrokerage.

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