- Dogecoin price rises to a new high at the 0.09200 level.
- The Shiba Inu's bullish consolidation yesterday pushed the price up to the 0.00001051 level this morning.
Dogecoin chart analysis
Dogecoin price rises to a new high at the 0.09200 level. With this move, we were able to move above last week's level, which was at the level of 0.09100. The price is moving in an upward direction after obtaining support at the level of 0.08400. This is where we came together. From there we have risen to today's level. Dogecoin is experiencing a major boom and we can expect to see a new step towards a higher level.
Possible higher targets are 0.09300 and 0.09400 levels. We need a negative consolidation and price pullback to the 0.09000 level for a bearish option. There, we will be under pressure, which may lead to a breakout below and the formation of a new low. The price this morning since the opening of the day is 0.08923, and this point will indicate the direction in which the price can continue. Possible lower targets are 0.08800 and 0.08700 levels.
Shiba Inu chart analysis
The Shiba Inu's bullish consolidation yesterday pushed the price up to the 0.00001051 level this morning. We are in a strong boom and expect to see growth to even greater levels. Possible higher targets are the 0.00001060 and 0.00001070 levels. The price could start to decline if we fail to move above and form a new high. We are looking for the first support at the level of 0.00001020.
By falling below this level, we are slowly moving back into the bearish zone and looking towards the next support level at 0.00001000. There, we would already be under pressure to go down to the previous traffic channel. Possible lower targets are levels 0.00000990 and 0.00000980. The EMA200 moving average is located in the area around 0.00000970 levels.
