Dogecoin chart analysis

Dogecoin price pulled back to 0.07150 level yesterday. There, we get support and start a bullish consolidation, moving up to the 0.07480 level, where we are now.

We have a solid bullish momentum that could move us above the 0.07500 level. The previous high is at the 0.07600 level, and that is our next target. Potential higher targets are 0.07650 and 0.07700 levels.

For a bearish option, we need a negative consolidation and pullback below the 0.07300 support level. After that, we would be on our way to visit the previous low at the 0.07150 level.

A break below would lead to the formation of a new low, which is a confirmation of the bearish presence on the chart. Potential lower targets are 0.07100 and 0.07050 levels. Additional support is in the zone around the 0.07100 level is the EMA50 moving average.

(Click on image to enlarge)

Shiba Inu chart analysis

The Shiba Inu price returned to the 0.0000795 level yesterday, where it found support and started a new bullish consolidation. We got additional support in that zone in the EMA50 moving average.

The momentum pushed us to the 0.0000830 level, where we have resistance for now and need a break above to continue on the bullish side. Potential higher targets are the 0.0000835 and 0.0000840 levels.

For a bearish option, we need a negative consolidation and pullback below the 0.0000815 level. After that, we should see a further pullback and a visit to lower support levels. Potential lower targets are the 0.0000810 and 0.0000805 levels.

Additional support in the zone around the 0.0000805 level will be found in the EMA50 moving average.

(Click on image to enlarge)

More By This Author: