- On Monday, Dogecoin price rose to the 0.11547 level, forming a new high there.
- During the previous weekend, the Shiba Inu price managed to rise to 0.00001884
Dogecoin Chart Analysis
On Monday, Dogecoin price rose to the 0.11547 level, forming a new high there. Shortly after, the price loses its previous momentum and begins a pullback below 0.11500. We quickly returned to the 200 EMA and the 0.11100 level. Already on Monday afternoon there was a new indication that we could continue the decline to a new weekly low. That happened this morning and Dogecoin fell to 0.10630, forming a new low there.
The lowest possible targets are the 0.10600 and 0.10500 levels. For a bullish run, Dogecoin would first have to break back above the daily opening level of 0.10840. After stabilizing there, we expect to see the start of a bullish consolidation to the 200 EMA and the 0.11100 level. Testing that zone is very important because crossing above gives us strong support for continuation on the bullish side. The possible highest targets are the 0.11200 and 0.11300 levels.
Shiba Inu graphic analysis
Over the previous weekend, the Shiba Inu price managed to rise as high as 0.00001884. After that, we saw a brief pullback to the 0.00001780 support level. From that level, we bounced to 0.00001880 on Monday, but failed to hold there. Shiba Inu is making another pullback from there and last night it broke the support at 0.00001780. This morning, the price continued to fall below the 200 EMA, increasing the bearish pressure.
With that move, Shiba Inu formed a new weekly low of 0.00001711. We are still in the support zone and if the price pressure continues, we will reach a new weekly low. Possible lower targets are the 0.00001700 and 0.00001650 levels. For a bullish option, we need a positive consolidation above the 200 EMA and 0.00001750. Once we stabilize there, we expect the start of a bullish consolidation and a recovery to higher levels. The highest potential targets are the 0.00001800 and 0.00001850 levels.
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