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Dogecoin and Shiba Inu: Dogecoin surges above 0.09200

Dogecoin and Shiba Inu: Dogecoin surges above 0.09200

The price of Dogecoin is climbing to a new high at the 0.09200 level.
Yesterday’s bullish consolidation of the Shiba Inu is pushing the price up to the 0.00001051 level this morning.

Dogecoin chart analysis

The price of Dogecoin is climbing to a new high at the 0.09200 level. With that step, we managed to move above last week’s level, which was at the 0.09100 level. The price is in a bullish trend after receiving support at the 0.08400 level. That’s where we consolidated; from that place, we climbed to today’s level. Dogecoin is in a big surge and we could expect to see a new step towards a higher level.

Potentially higher targets are 0.09300 and 0.09400 levels. We need a negative consolidation and price pullback to the 0.09000 level for a bearish option. There, we would be under pressure, which could result in a breakout below and the formation of a new low. This morning’s price from the day’s opening is 0.08923, and that point would indicate in which direction the price could continue. Potential lower targets are 0.08800 and 0.08700 levels.

Shiba Inu chart analysis

Yesterday’s bullish consolidation of the Shiba Inu is pushing the price up to the 0.00001051 level this morning. We are in a strong surge and expect to see growth to higher levels. Potential higher targets are the 0.00001060 and 0.00001070 levels. The price could initiate a pullback if we fail to move above and form a new high. We are looking for the first support at the 0.00001020 level.

By falling below that level, we slowly return to bearish territory and look towards the next support at the 0.00001000 level. There, we would already be under pressure to descend into the previous movement channel. Potential lower targets are the 0.00000990 and 0.00000980 levels. EMA200 moving average is in the zone around 0.00000970 levels.

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