Dogecoin falls to 0.12250 level, Shiba Inu still in retreat
Dogecoin price fell to 0.12253 level this morning. Today, we look at the continuation of the Shiba Inu retreat from yesterday.Dogecoin chart analysis
Dogecoin price fell to 0.12253 level this morning. This brings us down to a three-week low, far from the previous bullish trend. For now, we are successfully holding above and recovering to the 0.13500 level. There, we come across the EMA50 moving average, which does not allow us to move above it for now. We need a stronger impulse that would push us to the 0.14000 level; that way, we would have room to consolidate above the EMA50.
Potential higher targets are 0.14500 and 0.15000 levels. The new additional resistance in the 0.15000 zone is the EMA200 moving average. We need a pullback from this morning’s support at 0.12250 for a bearish option. Going down, we would already be under a stronger bearish momentum to descend to a new daily low. Potential lower targets are 0.12000 and 0.11500 levels.
Shiba Inu chart analysis
Today, we look at the continuation of the Shiba Inu retreat from yesterday. This morning, we dropped to the 0.00002366 level and were close to testing the previous low at 0.00002350. We started a bullish consolidation from that level and moved above the 0.002500 level. We are now trying to hold on as we continue the recovery above the 0.00002600 level.
In that zone, we also have additional resistance in the EMA50 moving average, and we need to move above it. Potential higher targets are the 0.00002700 and 0.00002800 levels. For a bearish option, we need a new price pullback to this morning’s support at 0.00002366. With a new fall into that zone, we descend for the third time, and the chances of going even lower are increasing. Potential lower targets are the 0.00002300 and 0.00002200 levels.
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