Dogecoin is back above 0.08000, while Shiba Inu is calm
The Dogecoin price continues with the previous bullish consolidation today, forming a high at the 0.08290 level.
The Shiba Inu price remains under pressure from the EMA50 moving average today.
Dogecoin chart analysis
The Dogecoin price continues with the previous bullish consolidation today, forming a high at the 0.08290 level. This was followed by a pullback below the 0.08200 level, and we are now looking for support. This would cause the price to slide to a new test of the 0.08000 level. A break below would lead to the formation of a new daily low with a target at 0.07900 and the EMA50 moving average.
Potential lower targets are 0.07800 and 0.07700 levels. For a bullish option, it is necessary to maintain above the 0.08000 level and to start further recovery with positive consolidation. First, we would test yesterday’s high at the 0.08317 level, and the potential higher targets are the 0.08400 and 0.08500 levels.
Shiba Inu chart analysis
The Shiba Inu price remains under pressure from the EMA50 moving average today. We are holding below it and the 0.00000830 resistance level. This could influence us to see the price drop below the support at the 0.00000815 level. A new low would be formed, and thus, we would have confirmation of the bearish option. Potential lower targets are the 0.00000810 and 0.00000800 levels.
We need a positive consolidation and a return above 0.00000830 for a bullish option and the EMA50 moving average. After that, we should receive the support of the moving average and start a further recovery to the bullish side. It would be of great importance if we moved above the 0.00000840 level.
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