- On Sunday, the price of Dogecoin rose to 0.11049, a new weekly high.
- The Shiba Inu price rose to 0.00001508 on Sunday, setting a new September high.
Dogecoin Chart Analysis
On Sunday, Dogecoin price rose to 0.11049, a new weekly high. Shortly after, the price started a pullback to 0.10500 and the 200 EMA. We got that new support, from which bullish consolidation started on Monday to the level of 0.10900. After that, Dogecoin made a step towards a new support at 0.10600 and formed a new low there.
On Tuesday, we see the start of bullish consolidation and a return to the weekly high at 0.10900. We have support from the 50 EMA and expect further growth towards the bullish side. Possible upper targets are the 0.11000 and 0.11100 levels. For a bearish option, we need a negative consolidation of Dogecoin up to the weekly opening price. This is where we would test this week’s support zone. A break below it adds bearish momentum for the continued pullback. Possible lower targets are the 0.10500 and 0.10400 levels.
Graphic analysis of the Shiba Inu
The Shiba Inu price rose to 0.00001508 on Sunday, marking a new September high. After that, there was a stop at that level and a pullback to the support level of 0.00001420 started. On Monday, the price rallied again, this time to the level of 0.00001485. We were unable to continue further and the Shiba Inu returned to the support at the level of 0.00001430.
The support zone seems stable and the price is moving with a new bullish consolidation up to the level of 0.00001470. With the support of the EMA 50 moving average, we expect the recovery to continue. Possible upper targets are the levels of 0.00001500 and 0.00001520. For a bearish option, we need a negative consolidation and a return to this week’s support zone. This time, we expect a break below it and the formation of a new weekly low. Possible lower targets are the levels of 0.00001420 and 0.00001400.
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(tags to translate)Dogecoin (DOGE)
