Dogecoin and Shiba Inu: Dogecoin stopped again at 0.07000
- The Dogecoin price moved up to the 0.069850 level this morning and is encountering resistance at that level.
- This morning’s attempt by the Shiba Inu price to initiate a recovery was halted at the 0.00000785 level.
Dogecoin chart analysis
The Dogecoin price moved up to the 0.069850 level this morning and is encountering resistance at that level. We start a pullback from that place, and the price is now at the 0.06860 level. Additional pressure on the price creates the EMA50 moving average, slowly moving to the bearish side.
We need a negative consolidation and a drop to the 0.06700 support level for a bearish option. A break below would indicate a pullback and a visit to lower support levels. Potential lower targets are 0.06600 and 0.06500 levels.
For a bullish option, we need a new positive consolidation and price return to the 0.07000 level. Then we need to rise above and try to stay up there. With a new bullish impulse, we would start the continuation of the recovery. Potential higher targets are 0.07100 and 0.07200 levels.
Shiba Inu Chart Analysis
This morning’s attempt by the Shiba Inu price to initiate a recovery was halted at the 0.00000785 level. From that level, the price begins a new retreat and falls below the 0.00000770 level. We will likely retest yesterday’s support zone around the 0.00000760 level.
For a bearish option, we need a break below that support zone. After that, Shiba Inu moves to this week’s new low, and potential lower targets are 0.00000750 and 0.00000740 levels. For a bullish option, we need a positive consolidation even above this morning’s high of 0.00000785. Then we need to maintain ourselves there above. And with the new impulse, we continue on the bullish side. Potential higher targets are 0.00000790 and 0.00000800 levels.
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