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Dogecoin and Shiba Inu: Dogecoin slips below 0.0700 level

Dogecoin and Shiba Inu: Dogecoin slips below 0.0700 level

Dogecoin price dropped to the 0.06831 support level yesterday. 
Yesterday, we saw Shiba Inu’s price retreat from 0.00001060 to 0.00000940. 

Dogecoin chart analysis

The price of Dogecoin dropped to the 0.06831 support level yesterday. Recovery and consolidation at the 0.07100 level soon followed. Now, we see a new negative consolidation and a decline to the 0.07040 level. We could test the 0.07000 level soon. The new breakout below is at the door and could happen again today. Potential lower targets are 0.06900 and 0.06800 levels.

We need a positive consolidation and a move to the 0.07200 level for a bullish option. Then we need to hold on up there in order to form a new bottom there. After that, we need another bullish impulse to continue the recovery. Potential higher targets are 0.07300 and 0.07400 levels.

Shiba Inu chart analysis

Yesterday, we saw Shiba Inu’s price retreat from 0.00001060 to 0.00000940. We stayed down for a short time, and the Shiba Inu recovered to the 0.00001015 level. There, we encounter a new resistance, and prices start another retreat. We are currently at the 0.00000990 level and could continue towards the 0.00000980 support level. Potential lower targets are 0.00000960 and 0.00000940 levels.

We need a positive consolidation and a jump to the 0.000001020 level for a bullish option. Then, we would have to stay there and in that place, form a new bottom for the next bullish impulse. Potential higher targets are 0.00001040 and 0.00001060 levels.

The post Dogecoin and Shiba Inu: Dogecoin slips below 0.0700 level appeared first on FinanceBrokerage.

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