Economy

Dogecoin and Shiba Inu: Dogecoin recovered to 0.16490

Dogecoin and Shiba Inu: Dogecoin recovered to 0.16490

  • The price of Dogecoin successfully tested the weekly open price again yesterday.
  • Since this morning, the Shiba Inu price has been in a strong bullish consolidation.

Dogecoin chart analysis

The price of Dogecoin successfully tested the weekly open price again yesterday. After receiving support at the 0.15700 level, a bullish consolidation was initiated that continues today. Last night we successfully crossed the EMA200 moving average and the 0.16000 level. Bullish consolidation continued this morning, with Dogecoin rising to 0.16486 to a new weekly high.

We expect to see a continuation of this consolidation by the end of the day and price at a higher level. Potential higher targets are 0.166000 and 0.16800 levels. For a bearish option, we need to turn to the bearish side and go back to the EMA200. This confirms that Dogecoin is under pressure and may fall below this support. Potential lower targets are 0.15800 and 0.15600 levels.

Dogecoin chart analysis

Shiba Inu chart analysis

Since this morning, the Shiba Inu price has been in a strong bullish consolidation. This pushed the price to the 0.00002619 level, where a new weekly high was formed. Shiba Inu has a bullish streak, and we expect to see her at higher levels soon. Potential higher targets are 0.00002650 and 0.00002700 levels.

For a bearish option, we need a weak Shiba Inu price again. A return below the 0.00002550 level would be the first sign of a pullback. In the 0.00002500 zone we will try to look for support in the EMA200 moving average. If we see a further continuation and a drop below, it will signal to us that a retreat to lower levels will follow. Potential lower targets are the 0.00002450 and 0.00002400 levels. This week’s low is at the 0.00002284 level.

Shiba Inu chart analysis

The post Dogecoin and Shiba Inu: Dogecoin recovered to 0.16490 appeared first on FinanceBrokerage.

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