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Dogecoin and Shiba Inu: Dogecoin is holding above 0.07500

Dogecoin and Shiba Inu: Dogecoin is holding above 0.07500

The price of Dogecoin rose to 0.07580 levels today.
Shiba Inu price continues bullish consolidation, climbing to the 0.00001005 level.

Dogecoin chart analysis

The price of Dogecoin rose to 0.07580 levels today. We managed to break above the EMA50 moving average and continue the bullish momentum. Now, we see a minor pullback to the 0.07540 level, and it is possible that we will go back to 0.07500 and EMA50 moving average again.

We need a positive consolidation and a break above the 0.07600 level for a bullish option. Then, we need to hold on up there so that with the next consolidation, we can start the continuation of the resistance. Potential higher targets are 0.07650 and 0.07000 levels.

We need a negative consolidation and a drop below the 0.07500 level for a bearish option. The price of Dogecoin could find support at 0.07450; if it does not hold, we will continue to pull back. Potential lower targets are 0.07400 and 0.07350 levels.

Shiba Inu Chart Analysis

Shiba Inu price continues bullish consolidation, climbing to the 0.00001005 level. If this week’s consolidation continues, we will see further recovery and a visit to the previous resistance zone. Potential higher targets are the 0.00001020 and 0.00001040 levels.

We need a negative consolidation and price pullback to the 0.00000960 level for a bearish option. That would be the first step towards further price decline. Potential lower targets are 0.00000940 and 0.00000920 levels. Additional potential support could be at the EMA50 moving average around the 0.00000900 level.

 

The post Dogecoin and Shiba Inu: Dogecoin is holding above 0.07500 appeared first on FinanceBrokerage.

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