Dogecoin and Shiba Inu: Dogecoin is moving above 0.08000
Yesterday, we saw the Dogecoin price jump to the 0.08380 level.
The Shiba Inu price was close to reaching the 0.00000800 level yesterday.
Dogecoin chart analysis
Yesterday, we saw the Dogecoin price jump to the 0.08380 level. We were here last time in April. After the formation of this high, the price starts a pullback to the 0.08000 level. We are now trying to hold on to that zone in order to stop further price pullback. A stronger breakout below would trigger a bigger pullback. Potential lower targets are 0.07800 and 0.07600 levels.
We need a positive consolidation and a return to the zone around the 0.08200 level for a bullish option. Then we need to stay up there and with the next impulse to start the continued recovery of the price of Dogecoin. Potential higher targets are 0.08400 and 0.08500 levels.
Shiba Inu Chart Analysis
The Shiba Inu price was close to reaching the 0.00000800 level yesterday. A new high was formed at the 0.00000798 level, and from there, the price started another pullback. We are now hovering around the 0.00000785 level and could slide down to the 0.00000780 level. Additional support in that zone is the EMA50 moving average.
A price break below the 0.00000780 level and the EMA50 moving average would cause the Shiba Inu to slide even lower. Potential lower targets are 0.00000770 and 0.00000760 levels. We need a positive consolidation and a move above the 0.00000790 level for a bullish option. After that, we would again be able to test the 0.00000800 level. Potential higher targets are the 0.00000810 and 0.00000820 levels.
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