- Dogecoin price is retreating from yesterday's high at the 0.10645 level.
- Shiba Inu price is retreating after yesterday's jump to the 0.00001067 level.
Dogecoin Chart Analysis
Dogecoin price is retreating from yesterday's high at the 0.10645 level. The decline stopped last night at the level of 0.09430 and for now we remain above it. We tried to recover, but found resistance in the area around the 0.09800 level. We are again heading towards the support zone and it is possible that we will soon find ourselves there again. A break below would lead to the formation of a new low and thus confirm the bearish option.
The lowest possible targets are the 0.09400 and 0.09200 levels. The moving average EMA50 is in the zone around the 0.09000 level. We need a break above the resistance at the 0.09800 level for a bullish option. So, we would have to stay above it if we plan to continue the recovery. The highest possible targets are the 0.10000 and 0.10200 levels.
Shiba Inu Chart Analysis
Shiba Inu price is retreating after yesterday's jump to the 0.00001067 level. The decline continues today, with the price falling to the 0.00000960 level. The current consolidation tells us that we will see a continued pullback to the next support. Possible lower targets are the 0.00000940 and 0.00000920 levels. The EMA50 moving average is in the area around the 0.00000900 level, where we would also test the bee price this week.
We need positive consolidation and performance above the 0.00001000 level for a bullish call. So, we need to stay there and form a new minimum price for the Shiba Inu. After that, we would have the opportunity to start a positive consolidation and continue the recovery. The highest potential targets are the 0.00001020 and 0.00001040 levels.
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