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Dogecoin and Shiba Inu: Dogecoin is holding above 0.06300

Dogecoin and Shiba Inu: Dogecoin is holding above 0.06300

Dogecoin price continues to move sideways in the 0.06300-0.06400 range. Shiba Inu’s price is in bullish consolidation for the third day.

Dogecoin chart analysis

Dogecoin price continues to move sideways in the 0.06300-0.06400 range. Yesterday, we tried to break above 0.06400 but failed. A new pullback followed, and we are now at the 0.06330 level. We will probably test the support at the 0.06300 level again. With a price break below, we will fall back into the previous support zone. Potential lower targets are 0.06250 and 0.06200 levels.

We need a positive consolidation and recovery above the 0.06400 level for a bullish option. It is necessary to stay up there and to start further recovery with a new impulse. We would also receive support in the EMA50 moving average, which could positively affect the trend. Potential higher targets are 0.06450 and 0.06500 levels.

Shiba Inu Chart Analysis

Shiba Inu’s price is in bullish consolidation for the third day. Today’s price high is the 0.00000770 level, and we need a break above if we want to see a continuation to the bullish side. Potential higher targets are the 0.00000775 and 0.00000780 levels.

We need a negative consolidation and pullback to the previous low at the 0.00000750 level for a bearish option. A break below this support level would mean that the price has no strength to recover, and we will see a pullback to lower levels. Potential lower targets are the 0.00000745 and 0.00000740 levels.

The post Dogecoin and Shiba Inu: Dogecoin is holding above 0.06300 appeared first on FinanceBrokerage.

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