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Dogecoin and Shiba Inu: Shiba Inu is testing the EMA50

Dogecoin and Shiba Inu: Shiba Inu is testing the EMA50

Dogecoin price is already in the fourth day of lateral consolidation in the 0.09100-0.09500 range. The Shiba Inu price could struggle with the EMA50 moving average this week.

Dogecoin chart analysis

Dogecoin price is already in the fourth day of lateral consolidation in the 0.09100-0.09500 range. This morning, we had a new pressure on the support level and managed to hold above it. The current price is 0.09250, and we need a bounce above the 0.09300 level and the EMA50 moving average to continue on the bullish side. Potential higher targets are 0.09400 and 0.09500 levels.

We need a negative consolidation and a new pullback below the 0.09100 level for a bearish option. Thus, we would form this week’s new low and confirm the bearish pressure increase. Potential lower targets are 0.09000 and 0.08900 levels.

Shiba Inu chart analysis

The Shiba Inu price could struggle with the EMA50 moving average this week. Both yesterday and today, we fell twice in the zone around EMA50, looking for its support. Today, we managed to stay above it and expect a bullish consolidation and recovery to the bullish side. Potential higher targets are the 0.00001080 and 0.00001100 levels.

We need a negative consolidation and a new price pullback below the EMA50 moving average for a bearish option. Then, it is necessary to maintain ourselves under it. This would force us to form a new low, and we would thus receive confirmation of the bearish option. Potential lower targets are the 0.00001050 and 0.00001040 levels.

The post Dogecoin and Shiba Inu: Shiba Inu is testing the EMA50 appeared first on FinanceBrokerage.

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