- Yesterday's Dogecoin price recovery stopped at the 0.08050 level.
- Shiba Inu price is in a 2-day sideways consolidation zone in the range of 0.00000870-0.00000900.
Dogecoin chart analysis
Yesterday's Dogecoin price recovery stopped at the 0.08050 level. We had additional pressure in that area of the EMA200 moving average. This created a bearish consolidation zone and a pullback to the 0.07740 level. We are still close to this support level but we managed to stay above it. Current resistance is at the 0.07800 level, and if we do not break above it, Dogecoin price will likely drop below the morning low.
Possible lower targets are 0.07700 and 0.07600 levels. We need positive consolidation and a move above 0.07900 for a bullish option. If we succeed, we will move to the 0.08000 level. In that area, we face the EMA200 moving average. By breaking above the price, it has partially relieved the bearish burden and could start a more tangible recovery. Possible higher targets are 0.08100 and 0.08200 levels.
Shiba Inu chart analysis
Shiba Inu price is in a 2-day sideways consolidation zone in the range of 0.00000870-0.00000900. Today, we look at a movement without major movements on the chart. We are experiencing a slight bearish consolidation, which is putting more pressure on the bottom of this channel. This may lead to a test of the lower support level. A long wait will lead to a break below and the formation of a new low in two days.
Possible lower targets are 0.00000860 and 0.00000850 levels. We need a positive consolidation to the 0.00000900 level for a bullish option. Next, we need to jump above this level in order to start further recovery on the upside. The EMA200 moving average is located in the area around 0.00000915 levels. Possible higher targets are 0.00000920 and 0.00000930 levels.
