Dogecoin and Shiba Inu: Dogecoin advances above 0.18500

Dogecoin chart analysis

Over the weekend we watched the price of Dogecoin rise from the 0.15000 to 0.18000 level. On Friday evening, the price exceeded the EMA200 moving average and initiated a bullish consolidation. On Monday, Dogecoin pulls back from the weekend high to support at 0.17000. There, we encounter the EMA50 moving average, which provides us with support, and from there, we continue to the bullish side.

With a new bullish impulse, we grow to the 0.18726 level and form a new higher high. We are stopping there, and by this morning, we have seen a pullback to the 0.17500 level. Once again we find support and start a new positive consolidation. We are now back above 0.18000 and on our way to testing yesterday’s high. Potential higher targets are 0.19000 and 0.19500 levels.

Shiba Inu chart analysis

The price of Shiba Inu yesterday rose to 0.00003065, a 10-day high. After that, we saw the price pull back to support at the 0.00002850 level. From that spot this morning we initiated a bullish consolidation to the 0.00002975 level. Here, we are going open and making a lower high for now. We need a break above the 0.00003000 level to continue the previous bullish consolidation.

Potential higher targets are the 0.00003050 and 0.00003100 levels. We need a negative consolidation and pullback below this morning’s support for a bearish option at 0.00002850. Below, we go to a new daily low and thus get confirmation of bearish pressure on the Shiba Inu price. Potential lower targets are the 0.00002800 and 0.00002750 levels. Additional support in the zone around 0.00002800 is the EMA200 moving average.

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