- Over the weekend, Dogecoin price moved in the range of 0.13800-0.14700
- Shiba Inu price retreated to 0.00001802 levels on Monday, October 21
Dogecoin Chart Analysis
Over the weekend, Dogecoin price moved in the range of 0.13800-0.14700. Then, on Monday, October 21, we saw a new high at the 0.14975 level. The price failed to hold there and began a decline to 0.13800. We were once again forced to test the support of the weekend's range move. After Dogecoin managed to stabilize there again, a bullish consolidation began towards the 0.14800 level.
There the price reached a new daily high. We are currently at the level of 0.14420 and are trying to stay above the daily opening level and the 50 EMA moving average. If the support is adequate and the price stabilizes there, we can expect the start of a bullish consolidation. The highest possible targets are the 0.14800 and 0.15000 levels. The price must retrace below the 0.14000 level for a bearish option. With that step, it falls below the weekly opening level towards the negative side. After that, we will see fresh pressure on the 0.13800 support level. The lowest possible targets are the 0.13600 and 0.13400 levels.
Shiba Inu graphic analysis
Shiba Inu price retreated to 0.00001802 levels on Monday, October 21. Subsequently, the price entered a sideways trend in the range 0.00001820-0.00001860. The increase in pressure creates the 200 EMA. That, for now, keeps the Shiba Inu at 0.00001825 on the downside. Bearish momentum and the formation of a new weekly low could quickly occur. Possible lower targets are the 0.00001800 and 0.00001780 levels.
For a bullish option, we first need positive consolidation and performance above the 200 EMA moving average. With its support, it will be much easier for us to continue on the bullish side. At 0.00001860, we will get new support at the 50 EMA. After that, Shiba Inu should have enough bullish momentum to grow to higher levels. The highest potential targets are the 0.00001880 and 0.00001900 levels.
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