Dogecoin rises to 0.10600 and Shiba Inu to 0.00001020

Dogecoin price continues bullish momentum up to 0.10645 level.
This morning, we saw a new jump in Shiba Inu price to 0.00001024 levels.

Dogecoin chart analysis

Dogecoin price continues bullish momentum up to 0.10645 level. A strong, bullish impulse made a breakout this morning above yesterday’s resistance zone. We are now at the 0.10300 level, trying to hold on to that zone. If we succeed in that, we will have a good position for further continuation on the bullish side. Potential higher targets are 0.10600 and 0.10800 levels.

We need a negative consolidation and a price drop below the 0.10000 level for a bearish option. This would significantly increase the pressure on the price of Dogecoin, and we could expect to see a retreat to lower levels. Potential lower targets are 0.09800 and 0.09600 levels. EMA50 moving average is at 0.08800 level.

Shiba Inu chart analysis

This morning, we saw a new jump in Shiba Inu price to 0.00001024 levels. After which we encounter resistance in that zone and begin a pullback to the 0.00000990 level. It is now very possible that we will see a continuation of the price decline to some better support. Potential lower targets are the 0.00000960 and 0.00000940 levels.

For a bullish option, we need a new positive consolidation and the formation of a bottom above the 0.00001000 level. After that, we could expect to see a continuation of the bullish recovery and the formation of a new higher high. Potential higher targets are 0.00001020 and 0.00001040 levels.

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