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Dogecoin and Shiba Inu: Dogecoin is holding above 0.06500

Dogecoin and Shiba Inu: Dogecoin is holding above 0.06500

The Dogecoin price climbed to 0.06858, forming a new two-week high. Yesterday, we saw the Shiba Inu price jump to 0.00000846 levels.

Dogecoin chart analysis

The Dogecoin price climbed to 0.06858, forming a new two-week high. After that, we see a pullback to the 0.06500 level, where we manage to get support. If we continue to hold above that level, we could initiate another bullish consolidation and return above the 0.06800 level. Potential higher targets are 0.06900 and 0.07000 levels.

For a bearish option, we need a break below the 0.06500 level. After that, we could expect to see a continuation of the Dogecoin price decline. Additional support could be found in the EMA50 moving average in the zone around the 0.064000 level. Potential lower targets are 0.06300 and 0.06200 levels.

Shiba Inu chart analysis

Yesterday, we saw the Shiba Inu price jump to 0.00000846 levels. In this way, we formed a new seven-day high price. This is where we encounter resistance and see a pullback to the 0.00000820 support level. We find support at that level and climb up to the 0.00000830 level. Now, we are holding in that zone and need a break above for further continuation to the bullish side. Potential higher targets are 0.00000840 and 0.00000850 levels.

We need a negative consolidation and a price drop below the 0.00000820 level for a bearish option. Then, we would fall below the EMA50 moving average, which would put additional pressure on the price. Potential lower targets are the 0.00000810 and 0.00000800 levels.

The post Dogecoin and Shiba Inu: Dogecoin is holding above 0.06500 appeared first on FinanceBrokerage.

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