Dogecoin chart analysis

The price of Dogecoin reduced its range today to 0.10500-0.10680. We are literally sitting on the EMA 200 moving average and waiting for a more specific step in some direction. If we happen to jump up to 0.10800, then the price climbs to a new daily high. The chances of a continuation to the bullish side are growing. After that, we need to stabilize around that level in order to create a new starting position for the next bullish consolidation.

Potential higher targets are 0.11000 and 0.11200 levels. For a bearish option, we need a negative consolidation and a break below the EMA 200 moving average. With the fall to 0.10400, we go to a new daily low and confirm the bearish momentum. After that, it remains for Dogecoin to continue withdrawing. Potential lower targets are 0.10200 and 0.10000 levels.

(Click on image to enlarge)

Start Trading Now With The World's Best Trading Platform!

Shiba Inu chart analysis

The Shiba Inu price formed a new higher low at the 0.00001370 level compared to yesterday. For now, we are holding above and hoping for the start of a new bullish consolidation and recovery up to 0.00001400 and the EMA 200 moving average. With that, we are going to a new daily high and expect to get support from the EMA 200. If we succeed, the continuation to the bullish side is guaranteed.

Potential higher targets are the 0.00001410 and 0.00001420 levels. For a bearish option, we need negative consolidation and a drop below this morning’s low. With that, we go to a new one and confirm the bearish momentum. The Shiba Inu is then under pressure to seek a new level of support. Potential lower targets are 0.00001360 and 0.00001350 levels.

(Click on image to enlarge)

More By This Author:

Bitcoin Price Initiated A Bullish Consolidation On Tuesday
Ripple And Tron: Tron In Pullback Since Saturday
Solana and Cardano: Solana fails to stay on the bullish side