Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06800

In the previous 24 hours, Dogecoin was held around the 0.06800 level.
Shiba Inu’s price is stable above the 0.00000790 level today.

Dogecoin chart analysis

In the previous 24 hours, Dogecoin was held around the 0.06800 level. We have a slight bullish consolidation, and the price is slowly rising without major oscillations on the chart. In the rest of the day, we could expect to see a recovery to the 0.06900 level. The next target is the 0.07000 level and the EMA50 moving average.

We need a negative consolidation and pullback to the 0.06700 support level for a bearish option. A price break below would drop us to a test of the June 0.06500-0.06600 support zone. Today we hope for a recovery.

Shiba Inu Chart Analysis

Shiba Inu’s price is stable above the 0.00000790 level today. We are now in a sideways consolidation, with slightly bullish indicators that there could be a price recovery. First, we need a break above the 0.000000800 level; then we need to hold on there.

With a new positive consolidation, we would start the continuation of the price recovery of the Shiba Inu. Potential higher targets are the 0.00000810 and 0.00000820 levels. We need a negative consolidation and pullback to the 0.00000780 support level for a bearish option. Falling below would mean further weakening and the formation of a lower low. Potential lower targets are the 0.00000770 and 0.00000760 levels. 

 

The post Dogecoin and Shiba Inu: Dogecoin is hovering around 0.06800 appeared first on FinanceBrokerage.