Dogecoin and Shiba Inu: Doge tries to be stable at 0,12500
- This morning, the Dogecoin price reconfirmed this week’s high at the 0.12784 level.
- Shiba Inu’s price has been in bullish consolidation since yesterday, falling to 0.00001840.
Dogecoin chart analysis
This morning, the Dogecoin price reconfirmed this week’s high at the 0.12784 level. After that, we saw a pullback to the 0.12480 level. The price managed to hold above the daily open price, and since then, it has been moving in the 0.12500-0.12650 range. We need a new bullish impulse to get us back up near the weekly high. That would be our third time, which could initiate a new impulse above to a new higher high.
Potential higher targets are the 0.13000 and 0.13200 levels. For a bearish option, we need a negative consolidation and pullback down to the 0.12400 level. With that, we go below the weekly open price and move to the bearish side. Potential lower targets are the 0.12200 and 0.12000 levels. Additional support for the Dogecoin price is the EMA 50 moving average at the 0.12200 level.
Shiba Inu chart analysis
Shiba Inu’s price has been in bullish consolidation since yesterday, falling to 0.00001840. Today’s high is at the 0.00001985 level. We have support at 0.00001940 and expect to see a continuation of the recovery to the bullish side. With momentum above 0.00002000, we will be significantly closer to this week’s high of 0.00002018. Potential higher targets are 0.00002040 and 0.00002060 levels.
We need a negative consolidation and a drop in Shiba Inu price below the 0.00001920 level for a bearish option. With that, we move to the bearish side below the daily open price. This will strengthen the bearish momentum later in the day, and we will see a test of the lower support levels. Potential lower targets are 0.00001900 and 0.00001880 levels. Additional price support is the EMA 50 moving average in the 0.00001900 zone.
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