- Dogecoin price rose to 0.20637 this morning, marking a new two-year high there.
- Shiba Inu price rose to 0.00004575 levels this morning.
Dogecoin chart analysis
Dogecoin price rose to 0.20637 this morning, marking a new two-year high there. On Sunday, the price broke the resistance at 0.15000, and below that we saw a jump to the highest level this morning. This was followed by a price decline to support at 0.17000.
For now, we hold above it and move up to the 0.18000 level. We need another positive consolidation and a move above 0.19000 to continue the bullish option.
After that, we can expect to visit the 0.20000 level again. Above, we can test the previous high, and possible higher targets are the 0.21000 and 0.21500 levels. If prices fail to move to the upside, a pullback and test of support at 0.17000 will follow.
Additional support may be the EMA50 moving average. A breakout below confirms the bearish option and pushes Dogecoin price to lower levels. Possible lower targets are 0.16000 and 0.15000 levels.
Shiba Inu chart analysis
Shiba Inu price rose to 0.00004575 levels this morning. By jumping to this level, we crossed the highest level since November 2021. We stopped there, and the price fell to 0.00002000 with a strong downward push. In the next hour, we actually recovered to the 0.00003500 level and held above.
This consolidation succeeded in moving the price above 0.00004000, and we are currently hovering around this level.
We need to break above that to trigger a new bullish option and continue to the upside. Possible higher targets are the 0.00004500 and 0.00005000 levels.
We need a negative consolidation and a pullback below the 0.00003500 level for a bearish option. With a drop below that, we will form a new low and thus get confirmation that the price is in trouble and further decline is expected. Possible lower targets are the 0.00003000 and 0.00002500 levels.
