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Dogecoin and Shiba Inu: Dogecoin remains above 0.14500

Dogecoin and Shiba Inu: Dogecoin remains above 0.14500

The Dogecoin price retreated to a new ten-day low at the 0.13579 level yesterday. Shiba Inu’s price formed a new low at 0.00002155 on Monday morning.

Dogecoin chart analysis

The Dogecoin price retreated to a new ten-day low at the 0.13579 level yesterday. After gaining new support at that level, a bullish consolidation was initiated above the 0.14000 level. We moved back above the EMA200 and crossed the EMA200 at 0.14500. We didn’t stop there either but moved on to the 0.15765 level. We stopped there, and a pullback to the 0.14700 level followed this morning.

We retest the EMA200 and remain above that level for now. We are currently at 0.15150 and expect to see further growth to the bullish side. Potential higher targets are 0.15500 and 0.16000 levels.

We need a negative consolidation and a drop below the EMA200 and 0.14500 levels for a bearish option. This moves us into bearish territory and we will be forced to watch a pullback to the bearish side. Potential lower targets are 0.14000 and 0.13500 levels.

Shiba Inu chart analysis

Shiba Inu’s price formed a new low at 0.00002155 on Monday morning. We briefly held down, and with a few bullish impulses, we are climbing above 0.00002300 and the EMA200 moving average. In the continuation, we climbed to 0.00002465 and stopped there. After that, the price starts to pull back until the support is at 0.00002300.

We have successfully tested the EMA200 moving average, and with its support, we are initiating a new positive consolidation and expect to see further growth in Shiba Inu price. Potential higher targets are the 0.00002400 and 0.000024500 levels.

We need a negative consolidation and a drop to the 0.00002250 level for a bearish option. With that step, we are moving away from the bullish path and expect to test lower support levels. Potential lower targets are the 0.00002200 and 0.00002150 levels.

The post Dogecoin and Shiba Inu: Dogecoin remains above 0.14500 appeared first on FinanceBrokerage.

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