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Dogecoin and Shiba Inu: Dogecoin made a jump above 0.06900

Dogecoin and Shiba Inu: Dogecoin made a jump above 0.06900

This morning, the Dogecoin price is making a new two-month high at the 0.06942 level.
This morning, the Shiba Inu price formed a new October high at 0.00000772.

Dogecoin chart analysis

This morning, the Dogecoin price is making a new two-month high at the 0.06942 level. The previous time we were at that level was in August. After the formation of a new high, Dogecoin began to retreat and is now already at the 0.06600 level. Here, we might expect to see some price support and a slowing pullback. If this does not happen and the price breaks below, we will continue to pull back.

Potential lower targets are 0.06500 and 0.06400 levels. We need a positive consolidation and a slight return to the 0.06700 level for a bullish option. Then, we would have to hold up there and wait for the next bullish impulse to continue to the bullish side. Potential higher targets are 0.06800 and 0.06900 levels.

Shiba Inu chart analysis

This morning, the Shiba Inu price formed a new October high at 0.00000772. There, we encounter resistance and start pulling back below the 0.00000750 level. The fall does not stop there, and we continue lower to the 0.00000740 level. We remain under pressure at that level, which could lead to a breakout below and the formation of a new low. Potential lower targets are the 0.00000730 and 0.00000720 levels.

We need a positive consolidation and break above the 0.00000750 level for a bullish option. Then we need a breakout above and hold up there. After that, we can think about further positive consolidation and a continuation on the bullish side. Potential higher targets are 0.00000760 and 0.00000770 levels.

The post Dogecoin and Shiba Inu: Dogecoin made a jump above 0.06900 appeared first on FinanceBrokerage.

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