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Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06900

Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06900

Dogecoin price encountered resistance at the 0.07000 level this morning. This week, we see a bearish trend in Shiba Inu price from 0.00000853 levels.

Dogecoin chart analysis

Dogecoin price encountered resistance at the 0.07000 level this morning. After that, we see a pullback to the 0.06900 level and the EMA50 moving average. For now, we manage to stay at that level and stop further price retreat. A break below this support would mean a possible further drop in the price of Dogecoin. Potential lower targets are 0.06800 and 0.06700 levels.

We need a positive consolidation and price return to the 0.07000 level for a bullish option. Then we need a break above and try to hold up there. With a new impulse, we would be able to start further recovery. Potential higher targets are 0.07100 and 0.07200 levels.

Shiba Inu chart analysis

This week, we see a bearish trend in Shiba Inu price from 0.00000853 levels. On Saturday, the price rose to that level where it formed a new high, and after that, we see the beginning of a pullback. Yesterday, the price fell to 0.00000760 and formed this week’s low. For a bearish option, we need a continuation of the negative consolidation and a drop below the 0.00000760 level.

Potential lower targets are the 0.00000750 and 0.00000740 levels, last week’s support levels. We need a positive consolidation and price return above the 0.00000790 level for a bullish option. Then, we need to try to keep up there so that we can start further recovery with the next impulse. Potential higher targets are 0.00000800 and 0.00000810 levels.

The post Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06900 appeared first on FinanceBrokerage.

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