Dogecoin and Shiba Inu: Doge fell to 0.19000 this morning
- Yesterday, we watched the Dogecoin price pull back to the 0.18500 support level.
- The price of Shiba INu fell to 0.00002685 levels this morning, a new weekly low.
Dogecoin chart analysis
Yesterday, we watched the Dogecoin price pull back to the 0.18500 support level. We consolidated in that zone this morning and returned to the 0.19000 level. Here we now encounter the EMA200 moving average and need to break above to continue further to the bullish side. If we succeed in that, we move to the 0.19500 level, after which we look at the weekly open price in the 0.20000 zone.
Potential higher targets are 0.20500 and 0.21000 levels, this week’s high. We need a negative consolidation and a move away from the EMA200 for a bearish option. We will test the 0.18500 support level again. New test, more pressure and a possible break below to a new weekly low. Potential lower targets are 0.18000 and 0.17500 levels.
Shiba Inu chart analysis
The price of Shiba INu fell to 0.00002685 levels this morning, a new weekly low. Luckily, we got that support and moved back up to the 0.00002800 level. In this zone, we encounter the EMA200, which exerts pressure on the price and creates resistance. We need a stronger bullish impulse up to 0.00002850 because that way, we would jump over the EMA200 and the weekly open price.
Then, we need to stabilize up there so that we have room for consolidation before continuing the recovery to the bullish side. Potential higher targets are the 0.00002900 and 0.00002950 levels. We need a negative consolidation and a new pullback to the 0.00002700 support zone for a bearish option. Below, we would be under pressure to fall to a new weekly low. Potential lower targets are the 0.00002650 and 0.00002600 levels.
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