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Dogecoin and Shiba Inu: Dogecoin remains below 0.08000

Dogecoin and Shiba Inu: Dogecoin remains below 0.08000

The price of Dogecoin remains low in the support zone today. Since the beginning of this week, the Shiba Inu price has been in a bullish consolidation with the formation of a high yesterday at the 0.00001000 level.

Dogecoin chart analysis

The price of Dogecoin remains low in the support zone today. This week’s base movement is in the 0.07600-0.08200 range. Last night, we had a short bullish impulse to 0.84000 but quickly returned to the previous movement zone. The EMA50 moving average has approached the 0.08200 level, and the next stronger bullish impulse could make a break above. Then, we also need to hold ourselves up there in order to gather the strength to continue with the recovery.

Potential higher targets are 0.08400 and 0.08600 levels. The price of Dogecoin is struggling with the 0.08000 level and is slowly leaning towards the 0.07800 level. If we see a drop below it, we could threaten the support at 0.07600. Potential lower targets are 0.07400 and 0.07200 levels.

Shiba Inu chart analysis

Since the beginning of this week, the Shiba Inu price has been in a bullish consolidation with the formation of a high yesterday at the 0.00001000 level. The jump stops there, and the price begins to retreat to the 0.00000940 level. We get new support at that level and form a higher low, which means that we could see the start of a new bullish consolidation with the aim of going to a new higher high. Potential higher targets are 0.00001020 and 1.00001040 levels.

Since we are below the EMA50 moving average, the price remains under bearish pressure to start a continuation of the previous bearish trend. The important level is at 0.00000920. A price break below it would further strengthen the bearish momentum, and we would see a continuation of the Shiba Inu price pullback. Potential lower targets are 0.00000900 and 0.00000880 levels.

The post Dogecoin and Shiba Inu: Dogecoin remains below 0.08000 appeared first on FinanceBrokerage.

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