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Dogecoin and Shiba Inu: Dogecoin continues to retreat

Dogecoin and Shiba Inu: Dogecoin continues to retreat

Dogecoin continues its bearish trend after falling below the EMA50 moving average again on Sunday. The Shiba Inu price is in a sideways consolidation today, in the 0.000008850-0.00000900 range.

Dogecoin chart analysis

Dogecoin continues its bearish trend after falling below the EMA50 moving average again on Sunday. Yesterday’s pullback formed a new low at the 0.07170 level. Soon after, a new impulse followed that took us up to the 0.07400 level. But we do not manage to continue above, and there, we encounter resistance and make a new pullback to the 0.07330 level.

We need a negative consolidation and a drop below the 0.07250 level to continue on the bearish side. Below, we could expect to see the formation of a new low. Potential lower targets are 0.07150 and 0.07100 levels. We need a positive consolidation and a return above the 0.07400 level for a bullish option. Then we need a break above and try to hold above there. Potential higher targets are 0.07500 and 0.07600 levels.

Shiba Inu Chart Analysis

The Shiba Inu price is in a sideways consolidation today, in the 0.000008850-0.00000900 range. For now, we have support at the EMA50 moving average, and if we manage to hold above it, we could expect to see a recovery. Potential higher targets are 0.00000920 and 0.00000940 levels.

We need a negative consolidation and a drop below the EMA50 moving average for a bearish option. After that, we can expect to see further weakening in the Shiba Inu price. Thus, we would return to last week’s movement zone. Potential lower targets are the 0.00000860 and 0.00000840 levels.

The post Dogecoin and Shiba Inu: Dogecoin continues to retreat appeared first on FinanceBrokerage.

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