Dogecoin and Shiba Inu: Dogecoin climbs to 0.07200 level
Yesterday, we saw the Dogecoin price jump to the 0.07200 level.
Shiba Inu price managed to break above the 0.00000780 level.
Dogecoin chart analysis
Yesterday, we saw the Dogecoin price jump to the 0.07200 level. After that, a pullback to 0.07000 and a new bullish consolidation from that level. The price manages to climb above the 0.07100 level, and we will likely see a continuation of the recovery. First, we need to test the 0.07200 level again, and then we need a break above as well as a hold above that level.
Potential higher targets are 0.07300 and 0.07400 levels. We need a negative consolidation and pullback to the 0.07000 support level for a bearish option. The first next solid support is the 0.06900 level. We have additional support in that zone in the EMA50 moving average, and we need a break below to continue to the bearish side. Potential lower targets are 0.06800 and 0.06700 levels.
Shiba Inu chart analysis
Shiba Inu price managed to break above the 0.00000780 level. In this way, we are again above the EMA50 moving average, which could positively affect the price and support it for further recovery. Potential higher targets are 0.00000790 and 0.00000800 levels. It would be important if we managed to climb above 0.00000800 and form a new bottom at that level.
We need a negative consolidation and a price pullback to the 0.00000770 level for a bearish option. We would again fall below the EMA50 moving average. Then, the price could soon test this week’s low at the 0.00000760 level. Potential lower targets are the 0.00000750 and 0.00000740 levels.
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