Dogecoin chart analysis

The price of Dogecoin is in a bearish trend this week, with the formation of a new low at the 0.07250 level. Yesterday, the price tried to hold above 0.07400 but failed in that intention and fell below. We can now expect to see a continuation to the bearish side and a pullback to the next support. Potential lower targets are 0.07100 and 0.07000 levels.

We need a positive consolidation and a return to the 0.07400-0.07500 zone for a bullish option. Then, we need a break above to get rid of the bearish pressure. After that, we can expect the price to continue its recovery. Potential higher targets are 0.07600 and 0.07700 levels.

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Shiba Inu Chart Analysis

The Shiba Inu price continues the bearish trend, forming a lower high at 0.00000830. From that level, we start a new pullback and fall to the 0.00000810 level. The price also made a break below the EMA50 moving average, which could increase the bearish pressure and send us to lower support levels. Potential lower targets are the 0.00000800 and 0.00000790 levels.

We need a positive consolidation and a return in the resistance zone at 0.00000830 for a bullish option. Then, we need a breakthrough above and an attempt to maintain ourselves there. With a new impulse, we would start further recovery. Potential higher targets are 0.00000840 and 0.00000850 levels.

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