Dogecoin Price Analysis: Pullback Below 0.08500 level

Dogecoin chart analysis

Yesterday’s Dogecoin price recovery attempt was stopped at the 0.08550 level. There, we encounter resistance and begin a pullback below the EMA200 and 0.08450 levels. Today, we also failed to find support there, which led to a drop below the 0.08320 level. We are close to testing this week’s low in the 0.08200 zone. Potential lower targets are 0.08150 and 0.08100 levels.

We need a return above 0.08500 and the EMA200 moving average for a bullish option. With their support, it would be easier for us to initiate a bullish consolidation and further growth of the price of Dogecoin. A new impulse would move us above the 0.08550 level, and thus, we would jump over the previous two-day resistance. Potential higher targets are 0.08600 and 0.08700 levels.

Shiba Inu chart analysis

The previous two-day bullish consolidation of the Shiba Inu price was stopped yesterday at the 0.00000972 level. From there, we start a pullback and fall first below the EMA200 and the 0.00000960 level. The price then came under more bearish pressure, and we saw a continuation of the pullback all the way to the 0.00000940 level. For now, we are maintaining above it, but it could easily fall below and form a new low.

Potential lower targets are 0.00000930 and 0.00000920 levels. If we manage to stay above today’s low price, it could start a new consolidation. Retracement to 0.00000960 and EMA200 resistance level. A move above them would increase optimism for the bullish side. Potential higher targets are 0.00000970 and 0.00000980 levels.

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