Dogecoin and Shiba Inu: Doge fell to 0.07500 this morning
The price of Dogecoin continues its retreat for the fourth day in a row.
The Shiba Inu price pulled back to the 0.00000820 level this morning.
Dogecoin chart analysis
The price of Dogecoin continues its retreat for the fourth day in a row. Today’s low price is 0.07500; for now, we manage to hold above and start a recovery. This bullish consolidation moved Dogecoin to the 0.07720 level. We are currently testing the EMA50 moving average at this level and need a break above to continue towards the 0.07800 level. Potential higher targets are 0.07900 and 0.0800 levels.
We need a negative consolidation and a price return down to the 0.07600 support level for a bearish option. A break below could form a new low and thus confirm a bearish continuation. Potential lower targets are 0.07400 and 0.07300 levels.
Shiba Inu Chart Analysis
The Shiba Inu price pulled back to the 0.00000820 level this morning. Additional price support at that level is in the EMA50 moving average. This was followed by a bullish impulse and growth up to 0.00000840.
For now, we have resistance in that zone and need a breakthrough above for further continuation to the bullish side. Potential higher targets are 0.00000850 and 0.00000860 levels. Last week’s high around 0.00000870 was the next obstacle for further recovery.
We need a negative consolidation and a new price pullback to the 0.00000820 level for a bearish option. Then, we need a break below it and the EMA50 moving average. This would negatively affect the price and send it to lower support levels. Potential lower targets are the 0.00000810 and 0.00000800 levels.
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