Dogecoin chart analysis

The price of Dogecoin this morning formed a new high at the 0.07292 level. After that, we see a pullback to the 0.07000 level and a new bullish impulse that brings us back above the 0.07200 level again. We could expect to see a break above the previous high and the formation of a new one soon. Potential higher targets are 0.07400 and 0.07500 levels.

We need a negative consolidation and pullback below the previous support at the 0.07000 level for a bearish option. This would have the effect of increasing the bearish pressure on the price and starting a deeper retreat. Potential lower targets are 0.06900 and 0.06800 levels. EMA50 is at 0.06500 level, currently far from the current position.

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Shiba Inu chart analysis

The Shiba Inu price this morning formed a new weekly high at the 0.00000825 level. So we managed to break above yesterday’s high and form a new one. Then followed a pullback to the 0.00000790 level, where we got support and started a new bullish impulse. Currently, the resistance is at the 0.00000820 level, and we need a break above it in order to continue the rally to higher levels. 

Potential higher targets are the 0.00000830 and 0.00000840 levels. We need a negative consolidation and a new pullback below the 0.00000790 level for a bearish option. A break below would put Shiba Inu’s price under more pressure to continue its pullback. Potential lower targets are 0.00000780 and 0.00000770 levels.

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