- Dogecoin price is in the 0.08000-0.08200 sideways consolidation range.
- Shiba Inu price is still moving in the support zone above the 0.00000950 level.
Dogecoin chart analysis
Dogecoin price is in the 0.08000-0.08200 sideways consolidation range. We currently see pressure on the upper level and we expect it to be broken and the upward trend to continue. This way, we will jump above the EMA50 and get its support. The price will be released from the pressure and can start recovering to higher levels. Possible higher targets are 0.08300 and 0.08400 levels.
For the bearish option, a new pullback to the 0.08000 support level is imminent. A break below is a signal that we are moving to the downside, and we will see a new bottom forming. Dogecoin will be under pressure to visit the previous low from Friday. Possible lower targets are 0.07900 and 0.07800 levels.
Shiba Inu chart analysis
Shiba Inu price is still moving in the support zone above the 0.00000950 level. After last week's bullishness, we are looking for a pullback this week. Currently, the price successfully settles above the support level and makes an upward movement to the 0.00000970 level. We just need a little more to the 0.00000980 moving average and EMA50. We will be freer to begin a more tangible recovery by moving beyond them. Possible higher targets are 0.00000990 and 0.00001000 levels.
With a break above the 0.00001000 level, the Shiba Inu price will have an opportunity to attack last week's high at the 0.00001050 level. We need negative consolidation and a pullback below the 0.00000950 support level for a bearish option. Then the price will be under pressure to form a new low for this week, confirming the downward momentum. Possible lower targets are levels 0.00000940 and 0.00000930.
