Dogecoin and Shiba Inu: Doge retreated to 0.08300 yesterday

Dogecoin chart analysis

Over the past two days, we have seen Dogecoin price pull back to the 0.081920 level. After that, we successfully form a bottom in that zone and turn to the bullish side. By crossing above the 0.08450 level, we also crossed the EMA200 moving average and now have its support. Now, we need to maintain above the 0.08500 level in order to start a further recovery with the next bullish impulse.

Potential higher targets are 0.08600 and 0.08700 levels. We need a pullback below 0.04850 and the EMA200 support level for a bearish option. This would bring us back to the bearish side, testing yesterday’s support zone. The price could slip below if bearish momentum is strong, forming a new weekly low. Potential lower targets are 0.08200 and 0.08100 levels.

Shiba Inu chart analysis

Shiba Inu’s price is recovering after yesterday’s pullback to the 0.00000930 level. A bullish consolidation was initiated from that level, and the price climbed to 0.00000970. We managed to get back above the EMA200, and now we expect to hold above it to move further to the bullish side. Potential higher targets are the 0.00000980 and 0.00000985 levels.

If the Shiba Inu is unable to hold above the EMA200, we will be looking at a drop below and a return to the bearish side. Our first support is 0.00000955 daily open price. Strong bearish momentum would influence us to see a break below and a return to yesterday’s support zone. Potential lower targets are the 0.00000940 and 0.00000930 levels.

The post Dogecoin and Shiba Inu: Doge retreated to 0.08300 yesterday appeared first on FinanceBrokerage.