Dogecoin and Shiba Inu: Dogecoin made a jump to 0.08300
- Over the weekend, the price of Dogecoin was in retreat, forming a low at the 0.07816 level.
- Over the weekend, we watched a calm Shiba Inu chart, moving in the 0.00000900-0.00000930 range.
Dogecoin chart analysis
Over the weekend, the price of Dogecoin was in retreat, forming a low at the 0.07816 level. Then, we managed to hold above it and initiate a bullish consolidation up to the 0.08306 level. With that, we form this week’s high and start a pullback. Bearish consolidation continues today until support at the 0.08100 level.
The downside is that the price has since formed three lower highs, hinting at bearish momentum. Such a picture would influence us to see a pullback to lower levels.
Potential lower targets are 0.08050 and 0.08000 levels. Additional support is EMA200, and the zone is around 0.08000 levels. For a bullish option, we need to move above the 0.08150 level.
By moving up to 0.08200, we would significantly get rid of the bearish momentum. Dogecoin would be on its way to start a bullish consolidation and climb to higher levels. Potential higher targets are 0.08250 and 0.08300 levels.
Shiba Inu chart analysis
Over the weekend, we watched a calm Shiba Inu chart, moving in the 0.00000900-0.00000930 range. Monday started with testing the support level, and in the afternoon, we went up and tested the resistance level. The price managed to break through the resistance this morning and make an impulse to the 0.00000967 level.
After this week’s high price was formed, Shiba Inu quickly retreated to the 0.00000930 level, now looking for support at that level.
If he succeeds in this, he will have the opportunity to initiate a new bullish consolidation. Potential higher targets are 0.00000940 and 0.00000950 levels. For the bearish option, we need to move below the 0.00000930 level. That would bring us back to the weekend range of movements.
The EMA200 moving average is at the 0.00000910 level, and the potential initial targets are the 0.00000920 and 0.00000910 levels. It is also possible to visit the 0.00000900 level.
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